We could provide you a training ground to help you achieve your professional goals or jumpstart a highly rewarding career in (re)insurance.
We welcome meeting highly analytical yet emotionally intelligent individuals who live out Nat Re’s values of dependability, integrity, service excellence, collaboration, empiricism, and sustainability.
Find an opening or read on what our employees have to say about working at Nat Re.
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E-mail your résumé to hr@nat-re.com with the subject line in this format:
Job application [position you’re applying for] [your name]
(e.g. Job application Non-life Treaty Underwriter Juan Dela Cruz)
Scope of Responsibilities
Qualifications
Responsibilities
Job Summary
The role of Finance Analyst ensures the financial records are maintained in compliance with the company’s internal control and accounting policies that are in accordance with generally accepted accounting principles. The Finance Analyst helps the internal and external stakeholders make better business decisions by providing them with relevant, accurate and timely financial information.
Job Summary
Contribute to the growth and profitability of the life business operations, through the judicious and efficient discharge of marketing services to both existing and prospective ceding companies.
Key result areas and responsibilities
Life Reinsurance Operations
1. Ensure that all reinsurance agreements and transactions including amendments and changes are properly documented and that concerned internal operating units are informed of any changes
2. Build, cultivate and strengthen relationships with ceding life companies through periodic communications and face to face client interactions
3. Periodically review profitability of reinsurance relationships / treaties in its various aspects including but not limited to pricing, retention and underwriting limits / guidelines and make appropriate recommendations
4. Ensure timely and appropriate response to client inquiries and requests
5. Enhance image and visibility of the company by organizing fora and relevant training seminars for the life insurance companies
6. Build and cultivate relationships with other industry-related organizations, professional associations and government agencies
7. Conduct research on emerging global trends, products and benefits and share with clients
Maximize reinsurance revenues
1. Increase number of treaty clients and contracts
2. Complete documentation of all treaty agreements (1-1 matching of treaties with cedants) so that the proper SOAs can be generated
Strengthen customer relationship and loyalty
1. Timely, complete and accurate documentation of treaty agreements so that the transactions can be administered correctly and errors are minimized
2. Regular client visitations (at least once a year per client)
3. Build, cultivate and strengthen relationships with ceding life companies through periodic communications and face to face client interactions.
Others
From time to time the Treaty Officer may be requested to conduct experience/morbidity/mortality studies.
Qualifications
1. Has a Bachelor’s degree in Business, Marketing, Finance, Mathematics and/or related fields.
2. Has broad and deep understanding of the insurance and reinsurance business in the areas of pricing, product development and treaty provisions.
3. Has at least 5 years of insurance/reinsurance working experience.
Job Summary
Internal Auditor is mainly responsible for the timely and effective coordination and execution of internal auditing activities for the organization, with emphasis on, but not limited to, its financial, operational, and IT aspects. In fulfilling this objective, the Internal Auditor shall assist the Head of Internal Audit in developing and accomplishing comprehensive and practical audit programs in accordance with applicable standards. Critical to the objective of the position is the maintenance of effective working relations with the audit team, operations and management personnel.
Key result areas and responsibilities
SCOPE OF RESPONSIBILITIES
Internal Audit
1. Assists in developing and implementing a risk-based audit plan consistent with the organizational goals and risk management process.
2. Leads the assigned audit engagements/special reviews and formulates a comprehensive internal audit work program for the audit of different business units of the Company.
3. Evaluates the systems and controls of the Company to determine their adequacy and effectiveness, ensuring (i) compliance with policies and procedures, (ii) accomplishment of management’s objectives, (iii) reliability and integrity of information, (iv) economical use of resources, and (v) safeguarding of assets.
4. Prepares the audit work papers for review by the Head of Internal Audit.
5. Documents the audit findings and recommendations and collaborates the action plans and timelines with the process owners.
6. Draft the audit/assignment reports for review by the Head of Internal Audit.
7. Prepares presentation material for the discussion with Management during the audit planning, fieldwork, and results specifying the audit objectives, audit issues, and recommendations, among others.
8. Maintains and updates the audit programs and work papers, as necessary.
9. Sets annual objectives/KPIs and perform self-assessment during performance review.
10. Assists in the preparation of the annual budget for Internal Audit department.
External Audit
1. Assists in the monitoring of the External Auditor’s findings and recommendations as indicated in the management letter and the action taken by the process owners.
Internal Control
1. Evaluates the effectiveness of the Company’s internal control system based on the assigned audit projects.
Compliance
1. Stay abreast of the organization-wide developments of its policies, plans, activities and/or programs.
2. Evaluates the effectiveness of the Company’s governance, compliance and risk management processes based on the assigned audit projects.
Financial Statements
1. Assists in understanding and documenting the reporting process of interim and annual financial information.
2. Evaluate the completeness and accuracy of interim financial reports, including the interim and annual regulatory reports, in accordance with the applicable accounting and financial reporting standards through the performance of financial auditing work programs such as tests of controls, IT General Controls, and substantive testing.
Others
1. Responsible in identifying the training needs for coordination with the Head of Internal Audit with respect to auditing approaches/techniques and other matters/developments relating to audit, governance, risk and compliance practices and industry knowledge.
2. Performs other assignments as may be directed by the Head of Internal Audit.
Qualifications
1. Graduate of B.S. Accounting Graduate
2. At least 3 years of relevant job experience in an audit, accounting and/or finance function. Operational and IT Audit experience is an advantage.
3. With knowledge on the following:
a. Generally accepted accounting and auditing standards
b. International financial reporting standards/ Philippine Financial Reporting Standards
c. International Standards for the Professional Practice of Internal Auditing/ International Professional Practices Framework
I joined Nat Re in 2016 as it is a logical option for someone with previous experience in reinsurance. Nat Re has been the perfect fit for my kind of skill set and career progression – I am not only able to apply my knowledge in reinsurance but I’m also able to still learn and grow with the help of my mentors in senior management. Nat Re also enabled me to connect to and get to know the people in the industry and help address some of the issues that they, as a client, and we, as an industry, face. I get to manage my own team as well and in the process help groom young professionals in the industry.
– Assistant Vice President
I thought I would be a fish out of water in Nat Re since I did not have any background at all in (re)insurance when I joined company. But I was seamlessly assimilated into the company’s organization and business through trainings which covered everything from introduction to reinsurance to technical accounting and even catastrophe management. I like that the company continues to be a conducive learning space for people like me who started with little to no background in the industry.
– Management Associate
The mentorship I receive from Nat Re’s senior management and consultants lets me keep up with changes in the industry, pushes me to challenge myself, and encourages my professional growth. What I like about our engagements with our consultants is that everyone has a chance to join in the knowledge sharing. This ensures that capacity-building is embedded in the organization and that each person can learn to specialize in a certain role. Our senior management, on the other hand, are seasoned industry executives whom we employees can learn from every day. At Nat Re, the learning never stops.
– Claims Treaty Manager
I choose to work in Nat Re because of the work-life balance I get to enjoy. I am not compelled to clock in overtime hours and I’m even encouraged to use the vacation leaves I’m entitled to. It also offers me various benefits which are attractive especially to people like me who choose to stay in the company long-term.
One of the things I value most too about the company is its positive, inclusive, and collaborative working environment. We all thrive by working together and not by competing against each other. Everyone is involved, in one way or another, in crafting and implementing the company’s strategy. Hence, I feel that the good changes happening in the company are driven not just by our senior leaders but by each and every one of us.
Nat Re is my home away from my home, and the people here are my family. I would gladly stay here for the rest of my career.
– Proportional Treaty Processor
I always welcome opportunities that will expand my knowledge and hone my abilities in my field which is geology. So when I had the chance to learn how to apply my unique skill set in a seemingly unrelated industry — reinsurance — I couldn’t say no. I now help analyze the potential financial impacts of natural catastrophes on Nat Re’s reinsurance portfolios so we could properly price these portfolios. It’s good to know that people with highly academic backgrounds, regardless of their level of experience in reinsurance, are valued in Nat Re.
– Catastrophe Risk Analyst
