Summary
Date Posted: Monday, June 20, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Reinsurance Supervisor

Main Purpose of the Job- (Job Summary)
The role holder is responsible for all operational aspects of the third-party recoveries undertaken by Kenyan Alliance Insurance through the courts.

Responsibilities
Treaty and Facultative Recoveries Role
• Identification and follow up on excess of loss claims recovery from the treaty reinsurers.
• Making provisional loss notification to reinsurers,
• Making cash calls for large claims from reinsurers.
• Facultative reinsurance placement of risks exceeding the treaty capacity.
• Quarterly reconciliation and summarizing of treaty accounts in liaison with Finance department.
• Processing of treaty renewal data and sharing it with the reinsurers.
• Analyzing treaty wordings & cover notes, identify amendments and communicate to users.
• Reconciliation and calling for payments of facultative accounts and calling for reinsurance treaty recoveries.

Subrogation Recoveries Role
• Assessing, Commencing and following up Recoveries against Third Parties to completion.
• Instituting direct recoveries by way of demand letters and documentation to third party insurers with a view to securing settlements out of the court process.
• Maintaining a progress report of all third-party recoveries to keep track of their progress from inception to completion.
• Issuing instructions to advocates to institute third party recoveries on behalf of the company.
• Drafting and dispatching, receiving and responding to recovery litigation related correspondences.
• Documenting subrogation recoveries to advocates and third-party insurers to facilitate recovery. Ensuring third party recoveries do not fall below the periodic budgets of the company.
• Attending Court and Testifying in proof of the company’s case(s) in recovery matters.
• Ensuring service providers are paid in line with the Company’s claims philosophy. Salvage Disposal Role
• Plan and participate in salvage disposal as per company guidelines for recovery minimization of claims ratio.
• Leadership and Administrative Role
• Plan and participate in salvage disposal as per company guidelines for recovery minimization of claims ratio.
• Supervising, mentoring and managing the performance of officer(s) seconded to the section.
• Other duties management may impose from time to time.

Knowledge & Experience
• The candidate must demonstrate and possess the following skills and qualifications:
• A University Degree in a business discipline.
• Insurance qualifications or progress in AIIK an added advantage
• 4 Year minimum working experience in a corporate setting
• Excellent communication skills.
• Excellent knowledge of Microsoft Office Packages,
• Excellent application of customer service skills
• Thorough understanding of Insurance Principles & processes,
• Demonstrated Honesty & Integrity
• Good interpersonal skills
• Capacity for speedy and reasoned decision-making,

Work Hours: 8

Experience in Months: 48

Job application procedure
If you are interested in the position and have the required qualifications, please email a detailed CV indicatingthe current and expected salary and cover letter clearly indicating ‘REINSURANCE SUPERVISOR’ on the subject line to hr@kenyanalliance.com  by 3rd July, 2022. Only shortlisted candidates will be contacted.

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