DEPUTY MANGER – REINSURANCE

Requirements:

• Undergraduate degree in Insurance or Risk Management
• Accounting & Finance related qualification will be an added advantage
• Minimum 3 years’ work experience in Insurance technical area or related field with at least 1 year experience at a supervisory level
• Computer skills with knowledge of MS Office Applications
• Excellent verbal and written communication
• Excellent interpersonal skills and ability to work effectively in a team environment
• Analytic thinking leadership and problem-solving skills
• Able to work independently and adhere to tight reporting deadlines

Position Summary:

Handling daily reinsurance works. This includes treaty calculation and Reinsurance statements preparation.

Essential Functions and Responsibilities:

General Responsibilities:

1. Handling Reinsurance accounting works.
2. Preparation and maintenance of treaty statements and FAC placements for the Re-insurer.
3. Expected to adhere to existing Company policies and procedures, to ensure performance standards are maintained through the organization.
4. Participate, assist and accomplish any other work of the department if requested by immediate

Supervisor and /or HOD.

Specific Responsibilities:

1. Ensure that monthly and quarterly statements are prepared on time
2. Checking reinsurance closing and ensure it is communicated to the Reinsurer
3. Following up debit note from the Reinsurer
4. Checking reinsurance closing and ensure it is communicated to the accounts department in due time.
5. Informing reinsurer the status of the RI premium of the Debit Note.
6. Checking calculation of the reinsurers share of the claims under different classes of insurance
7. Ensure that required reinsurance reports to relevant departments as and when required
8. Identifying policies which require facultative support.
9. Carrying out negotiations on the Facultative terms with the Reinsurers.
10. Receiving confirmation of the terms and rates from the Reinsurer for the FAC requirement
11. Informing the underwriting section about the terms received from the Reinsurer
12. Maintaining reinsurance registers in a timely manner
13. Maintaining Facultative registers in a timely manner
14. Assist in other department related functions if requested by immediate supervisor and/or Head of Department.