Job Description
Main Purpose of the Job - (Job Summary)
Leading in the formulation of the reinsurance strategies, policies and procedures while ensuring protection of company assets and implementation Reinsurance plans for compliance and managed risks into achieving overall business objectives.
Main Responsibilities
1. Developing a reinsurance strategy for planned operations and compliance with IRA
2. Designing and renewing of reinsurance programme to facilitate underwriting terms and capacity.
3. Preparing of treaty statistics to facilitate negotiation of treaty renewal terms
4. Ensuring underwriters are aware of the terms applicable to the respective policies for prudent and accurate underwriting.
5. Developing and marketing of inward reinsurance business to increase premium income
6. Ensuring compliance with statutory requirements for licensing purposes
7. Managing reinsurance department communication with our clients and reinsurers
8. Ensuring premium and claims cessions are completed as per the deadlines per treaty terms
9. Ensuring reinsurance accounts are prepared and sent as per treaty terms
10. Ensuring all risks have the necessary reinsurance support in line with the reinsurance arrangements and needs
11. Preparing, monitoring and reporting of the reinsurance budgetary allocations
12. Talent management including coaching, mentoring, developing, motivating, training and evaluating staff in the reinsurance to achieve highest levels of performance
13. Leading and managing the related company communication
14. Identifying, implementing and benchmarking best practices in management
15. Ensuring customer service to both internal and external client by providing required responses and guidance to underwriters and other departments
16. Managing and Implementing change initiatives to achieve desired business plans and culture.
Key Deliverables
• Commercial business continuity
• Growth of inward reinsurance business
• Compliance to the reinsurance regulatory
Job Specifications
Academic Qualifications
Undergraduate degree in any Business related field
Professional Qualifications
• ACII/AIIK
Key Job Skills (specific to the job)
• Strategy formulation and implementation
• People Management.
• Analytical skills
• Strategic influential skills
• Accounting & finance
• International reinsurance literacy
• IT skills (fluency)
Insurance Skills (special Category)
• Underwriting
• Accounts
• Claims
Our Competencies/Behaviours
• Integrity
• Reliability
• Transparency
• Professionalism
• Teamwork
• Quality
Relevant Experience
At least 4 years of relevant experience in managerial position.