Senior Reinsurance Officer

Job Posting Organization:
The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group (WBG) and operates with a mission to address the world’s most pressing development challenges. Established to support investment in developing countries, MIGA has a global presence with partnerships across 145 countries and more than 182 offices worldwide. The organization focuses on job creation, particularly in light of the significant number of young people entering the workforce. MIGA's guarantees are designed to mitigate risks associated with investments, and in fiscal year 2026, the WBG Guarantee Platform delivered a total of $17.8 billion in guarantees. MIGA also offers various financial products, including credit enhancement products and Trade Finance Guarantees, to protect lenders against potential losses. For more information, visit https://www.miga.org/

Job Overview:
The Senior Reinsurance Officer position at MIGA is a critical role within the reinsurance team, aimed at enhancing the agency's capacity to manage and place its projects in the reinsurance market. The successful candidate will leverage their deep technical and practical experience in credit- and political risk (re)insurance to effectively contribute to MIGA's mission. This role involves close collaboration with MIGA’s underwriting teams to ensure that reinsurance placements align with the agency's strategic objectives. The officer will be responsible for conducting market tests, managing existing reinsurance relationships, and exploring new opportunities to expand these relationships. The position requires a comprehensive understanding of the credit- and political risk insurance products and their significance in emerging market finance, as well as expertise in structuring reinsurance programs.

Duties and Responsibilities:
The Senior Reinsurance Officer will have a diverse set of responsibilities, including but not limited to: conducting reinsurance market tests to assess the viability and competitiveness of MIGA’s offerings; providing constructive feedback to underwriting teams based on market insights; placing reinsurance with MIGA’s panel of reinsurers, which involves contract drafting and negotiation; managing existing reinsurance relationships to ensure they are productive and beneficial; exploring opportunities to expand these relationships to enhance MIGA’s reinsurance capacity; conducting periodic reviews of MIGA’s reinsurance programs to ensure they meet evolving market conditions and organizational needs; developing new structures for reinsurance programs to optimize coverage and cost-effectiveness; and participating as a member of an underwriting team in project review and approval meetings, contributing valuable insights and expertise.

Required Qualifications:
Candidates for the Senior Reinsurance Officer position should possess a robust set of qualifications, including a deep understanding of credit- and political risk (re)insurance, demonstrated experience in managing reinsurance programs, and strong negotiation skills. The ideal candidate will have a proven track record in the reinsurance market, with the ability to analyze complex financial products and structures. Additionally, candidates should exhibit excellent communication skills, both written and verbal, to effectively collaborate with internal teams and external partners. A proactive approach to problem-solving and the ability to work under pressure in a fast-paced environment are also essential.

Educational Background:
A bachelor’s degree in finance, economics, business administration, or a related field is required for the Senior Reinsurance Officer position. A master’s degree or professional certification in risk management, insurance, or a related discipline would be advantageous and is preferred. Candidates should have a solid academic foundation that supports their understanding of financial markets and risk assessment.

Experience:
The position requires significant experience in the field of reinsurance, with a minimum of 5-7 years of relevant work experience in credit- and political risk insurance. Direct experience in managing reinsurance programs is highly desirable, as is familiarity with underwriting processes and market dynamics. Candidates should have a demonstrated ability to navigate complex financial transactions and relationships within the reinsurance sector.

Languages:
Fluency in English is mandatory for this position, as it is the primary language of communication within the organization. Proficiency in additional languages, particularly German or other major European languages, would be considered a valuable asset and could enhance the candidate's ability to engage with diverse stakeholders.

Additional Notes:
This position is a full-time role based in Berlin, Germany. The Senior Reinsurance Officer will be classified as an Extended Term Consultant (ETC) within MIGA. The role may involve occasional travel to meet with reinsurers and stakeholders in various locations. Compensation and benefits will be competitive and commensurate with experience and qualifications.