Summary
Date Posted: Tuesday, May 10, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Purpose:
Responsible for designing an optimal reinsurance programs, assessment and placement of risks and reinsurance recoveries for the group.
Primary responsibilities:
• Review all risks acceptances to ensure they are protected by proper reinsurance arrangement;
• Monitor the reinsurance register to ensure risks are correctly allocated into the relevant treaties;
• Negotiate and review reinsurance contracts (best rates and terms) at each reinsurance renewal period;
• Underwrite inward facultative business;
• Prepare reinsurance underwriting and claims statistics for reinsurance renewals and review of profitability of the reinsurance program;
• Grow inward facultative business and collect premiums, through acquisition of new and retention of existing business;
• Place all risks that are in excess of capacity;
• Prepare and file quarterly reinsurance returns and
• Negotiate special acceptances of unusual risks.
• Ensure facultative premiums are collected on time.
• Ensure treaty recoveries are done on time.
• Collect all outstanding debt on premiums and claims recoveries
• Process and ensure all custom bonds are canceled immediately they fall due.
Generic duties
• Carry out performance appraisal, coaching and mentoring staff;
• Resource allocation, staffing and leave approval;
• Participate in planning and budgeting for the department;
• Participate in various meeting and committees.

Academic Qualifications
• Bachelor’s degree in a business related field
Professional Qualifications
• ACII or AIIK is mandatory
Experience
• Minimum of six (6) years’ relevant experience, two (2) of which at supervisory level

Skills and Attributes
• Excellent communication and presentation skills
• Problem solving skills
• Excellent interpersonal skills
• Good negotiation skills
• Good analytical skills
• Computer literate in MS Office and other office applications
• Understanding of the working environment /competitors
• Technical competence in insurance
• Basic knowledge of regulations by AKI and IRA


Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
Use the link(s) below to apply on company website.
• Reinsurance Manager – General Business

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