Assistant Reinsurance Manager – General Insurance Underwriting Job

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OVERALL JOB PURPOSE

Reporting to the Chief Operating Operation (COO) General insurance,the job holder shall manage reinsurance operations in Kenya and Regions.He/she shall assist in looking after the various reinsurance arrangements including treaty and facultative reinsurance protection for all classes of business written by the company.

He/She shall also assist in implementation of the company’s reinsurance programme based on overall company’s objectives and maintain a business relationship with the Company’s underwriting and finance department and with the local, regional and international reinsurance market.

KEY RESPONSIBILITIES

  • Analyze the risks accepted and ensure risks are ceded properly.
  • Ensure that all acceptances are protected by proper reinsurance arrangement on a back to back basis without any gaps in risks accepted and reinsurance protection availed.
  • Obtain all necessary underwriting information required to place the risk in the international/regional/local reinsurance market.
  • Coordinate with reinsurance brokers for the placement of each and every declaration to the appropriate reinsurance arrangement
  • Assist in arranging proper reinsurance protection as and when required.
  • Place reinsurance directly to the market or through the broker whether on facultative or any other basis depending on the need of the situation.
  • Assist in the administration of the reinsurance program.
  • Ensure timely submission of closing and accounting documents as well as for settlement of premium and  recovery of claims from reinsurers.
  • Ensure accuracy of reinsurance contract with reference to original terms at which reinsurance is accepted.
  • Maintain efficient communication lines between the company and brokers.
  • Prepare reinsurance underwriting and claims statistics including outstanding claims and reinsurance recoveries there from on a regular basis and update the same at periodic intervals as per requirement.
  • Review reinsurance payments/recoveries relating reinsurance premium, commissioning and claims.
  • Calculate reinsurance premium, profit commission and other reinsurance deductions and able to prepare relevant documentation.

 

KEY QUALIFICATIONS, KNOWLEDGE AND EXPERIENCE

  • A business related University Degree
  • Professional Insurance qualification (CII or IIK)
  • Must have a minimum of 6 years’ experience in reinsurance field.
  • Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation

 

COMPETENCIES AND REQUIREMENTS

  • Good analytical skills
  • Computer knowledge
  • Ability to communicate effectively
  • Good understanding of general Insurance products
  • Accounting background will be an added advantage

KEY PERFORMANCE STANDARDS & AREAS

  • Reinsurance accounting Program management
  • Facultative  business budget
  • Timely security and risk placement
  • Reinsurance cost

Closing Date:

Friday, July 21, 2017

Key Skills/Specialization:

A business related University Degree

Professional Insurance qualification (CII or IIK)

Must have a minimum of 6 years’ experience in reinsurance field

Click here to apply

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