E T Consultant - Senior Reinsurance Officer
| Job #: |
req38948 |
| Organization: |
MIGA |
| Sector: |
Risk |
| Grade: |
EC3 |
| Term Duration: |
0 years 4 months |
| Recruitment Type: |
Local Recruitment |
| Location: |
Berlin,Germany |
| Required Language(s): |
English |
| Preferred Language(s): |
French, Spanish |
| Closing Date: |
10/30/2026 (MM/DD/YYYY) at 11:59pm UTC |
Description
At the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. MIGA’s guarantees help mitigate risks. In fiscal year 2026, the WBG Guarantee Platform delivered a total of $17.8 billion in guarantees. For more information, visit
In addition to its traditional political risk guarantees, MIGA offers credit enhancement products that protect lenders against losses from the failure of a sovereign, sub-sovereign or State-Owned Enterprise (SOE) to make a payment when due under an unconditional financial payment obligation or guarantee related to an eligible investment. MIGA’s latest product addition are Trade Finance Guarantees. In addition, MIGA houses the WBG Guarantee Platform and as such has issued non-payment guarantees in an excess of loss position behind Policy Based Guarantees provided by IBRD.
MIGA is seeking to recruit an Extended Term Consultant (ETC) as Senior Reinsurance Officer for its reinsurance team. The Agency is looking for a professional with deep technical and practical experience in credit- and political risk (re)insurance. Direct experience in managing a reinsurance program is a plus. The position will be based in Germany and will report to the Head of Reinsurance in the Finance and Risk department.
The Senior Reinsurance Officer will be responsible for the placement of MIGA’s projects in the reinsurance market through a variety of programs in close cooperation with MIGA’s underwriting teams.
The role requires in-depth knowledge of the credit- and political risk insurance product and its role in emerging market finance as well as the structuring of reinsurance programs.
Duties and responsibilities:
• Conduct reinsurance market tests and provide feedback to underwriting teams.
• Place reinsurance with MIGA’s panel of reinsurers, including contract drafting and negotiation.
• Manage MIGA’s existing reinsurance relationships and explore opportunities to expand those relationships.
• Conduct periodic reviews of MIGA’s reinsurance programs and develop new structures.
• As a member of an underwriting team, participate in and contribute to the relevant project review and - approval meetings.
Selection Criteria
• Educational Degree: advanced degree in Economics or other relevant academic discipline and at least 8 years of relevant experience or an equivalent combination of education and relevant experience.
• Sustained record of achieving high-quality substantive results in insurance/reinsurance over an extended period (typically at least 8 years).
• The candidate will be an expert in credit- and political risk reinsurance.
• The candidate will have a highly collaborative personality and be a strong team player.
• Importantly, the candidate must have a "strong backbone" – that is, the ability to stand up under scrutiny, challenge and pressure – and must have an impeccable professional and integrity record.
• S/he must have strong judgment, attention to detail and drive with the ability to influence teams and decision makers.
• Critically, the candidate must be highly articulate and an effective communicator, both in verbal and written forms, in small and large group settings and before senior audiences.
• Comprehensive technical knowledge of credit- and political risk (re)insurance, acquired in political risk (re)insurance underwriting positions or equivalent for at least 15 years.
• Thorough understanding and practical knowledge of emerging markets finance and the role of credit- and political risk insurance therein.
• Experience with a broad array of financial instruments including – but not limited to – cross-border lending, equities, guarantees, investment insurance, derivatives, complex transaction structures and structured financial products.
• Outstanding intellect and analytical abilities.
• Excellent partnering skills.
• Ability to provide informal leadership to teams.
• Excellent interpersonal skills, with the ability to develop and establish relationships within the organization and with the business line.
• Sensitivity to operate successfully in multi-cultural and highly diverse environments.
• Excellent communication and presentation skills in English, both written and oral, including the ability to convey ideas and positions clearly. Professional fluency in French and/or Spanish would be a strong recommendation.
• Motivated and enthusiastic about the opportunities and challenges of working in the development field.
WBG Culture Attributes:
1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.
World Bank Group Core Competencies
As per WBG policy, an Extended Term (ET) appointment is subject to a lifetime maximum of three (3) years. Former and current ET staff who have completed or are in the process of completing their third-year ET appointment are not eligible for future ET appointments.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC including our values and inspiring stories.
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