Reinsurance Specialist

About the role

CIMA is hiring a Reinsurance Specialist in Grand Cayman, reporting to the Head of Division. The role covers on-site and off-site supervision of reinsurance companies and complex reinsurance programs of insurers, ensuring compliance with legislative requirements and the goals of the Division and CIMA. It is a full-time position of 37.5 hours per week.

Key responsibilities

• Chair meetings with licensees and industry representatives on sector status, regulatory concerns and best supervisory practices
• Help draft new reinsurance regulations or directives, recommend amendments and supervise their implementation
• Assist with on-site inspections, including inspection plans, analytical reviews and reports, and follow up on recommendations
• Manage off-site supervision and monitor non-compliant licensees until resolutions are implemented
• Review licence applications and prepare summary papers for the Management Committee
• Investigate complex regulatory or risk management issues and assess reinsurance programs and risk factors
• Develop risk assessment, risk analysis and statistical reporting methodologies, and align regulatory practice with international standards
• Represent CIMA at international supervisory meetings, seminars and conferences, and build relationships with stakeholders
• Provide leadership, training and advice to staff in the Division

Required profile

• Bachelor's degree in an insurance or finance-related field or quantitative major course of study
• Professional qualification in insurance/reinsurance or risk management (e.g. Re, CLU, CPCU, ACII, FRM, CFA, CAA)
• At least 7 years of cumulative reinsurance experience, including 5 years in management
• Knowledge of accounting principles and analysis of financial statements
• Knowledge of the Cayman Islands' Insurance Act and its supervisory rules is an asset

Required skills

• Specialised knowledge of insurance and reinsurance theory, general insurance, life and annuity, insurance-linked securities, catastrophe risk analysis and modelling, and capital adequacy assessment
• Ability to analyse reinsurance risk models and internal capital models

What we offer

• Salary of CI $111,939 to $139,590 per year
• Health insurance, pension, vacation and life insurance

Applications are direct only; agencies are not accepted. The deadline is 13 November 2026.