Job Description
Africa-Re hereby announces the vacancy for the position of Assistant Manager - Underwriting & Marketing in her Nairobi Regional Office based in Nairobi, Kenya, at the Professional Staff category.
Job Details
RESPONSIBILITIES
Reporting directly to the Regional Director for Eastern and Southern Africa Region, through the Assistant Director Underwriting and Marketing (ADUM), the Assistant Manager, Underwriting & Marketing will ensure that all marketing, underwriting, customer service and claims within his/her market, are handled in a professional and ethical manner and, as per the Corporation’s policy and guidelines.
DUTIES / JOB DETAILS
Under the supervision of the Assistant Director Underwriting and Marketing (ADUM), the incumbent will carry out the following functions:
a) Soliciting and receiving treaty offers from existing and potential clients, assessing such offers when received and determining whether to accept them in line with the Corporation’s underwriting policies/guidelines.
b) Preparing renewal and new business quotation proposals to cedants and brokers.
c) Maintaining proper records of all business offers and transactions received and concluded.
d) Attending client correspondence, social and business functions, and other related activities for overall marketing effectiveness.
e) Reviewing facultative acceptances regularly ahead of renewal and reviewing treaty acceptances annually ahead of renewal.
f) Ensuring that all the treaties and facultative contracts are processed, and the cover notes/slips/wordings signed and sent out to cedants or brokers.
g) Monitoring the profitability of markets serviced and monitoring progress towards the achievement of income targets in the assigned markets.
h) Paying market visits regularly for new businesses and for the renewal of existing business as well as for obtaining market statistics and other relevant information for the Corporation’s strategic and operational use.
i) Assist in reviewing and monitoring the proper processing of all technical transactions.
j) Assist in ensuring all claims reports, cash calls request and other claims supporting documentation are timely processed for a prompt settlement of genuine claims.
k) Ensuring pre and follow-up risk surveys are carried out and risk improvement recommendations given to the cedants are implemented.
l) Providing training, advice and other forms of technical support to both staff and clients on a regular basis.
m) Assisting, if necessary, Finance & Technical accounts in reviewing the reconciliation of cedants’ and brokers’ accounts
n) Chasing outstanding amounts due from cedants and brokers while also ensuring timely remittance of amounts due to them.
o) Prepare periodic management reports in collaboration with staffs’ in the regional office.
p) Attending to other duties as may be assigned by the Corporation or management from time to time.
Location
JOB LOCATION
The successful candidate shall be initially based in Nairobi, (Kenya) but could be later transferred in other geographical production centres of the Corporation.
Main Competencies
COMPETENCIES AND ADDITIONAL REQUIREMENTS
a) Adequate qualifications and strong competences in reinsurance underwriting and good knowledge of reinsurance, retrocession and risk assessment.
b) Have strong and proven managerial skills/experience.
c) Good technical knowledge and professional proficiency, particularly with regard to Insurance and Reinsurance underwriting, Retrocession, Claims as well as risk assessment.
d) Good exposure to and experience of relevant insurance / reinsurance markets.
e) Good planning and reporting skills.
f) Capacity for analysing, synthesizing, and reasoning.
g) Good supervisory skills.
h) Ability to quickly build very good and sustainable relationship with cedants.
i) High Integrity and proven sense of responsibility.
j) Ability to work under pressure without close supervision and within established timeframes.
k) Ability to multitask and manage change.
l) Excellent problem-solving skills (i.e., conceptual, and analytical thinking)
m) Good communication and training skills.
n) Strong practical sales competences and skills.
o) Better knowledge of the Eastern and Southern African insurance and reinsurance markets.
p) Excellent computer skills required in Microsoft Office (Word, Excel, PowerPoint, etc.), and knowledge of integrated business-related software’s will be an added advantage.
q) A practical knowledge of a reinsurance-related software will be an added advantage.
r) Speaks and writes clearly and effectively with excellent reporting abilities.
s) Good communication and training skills.
t) Outstanding interpersonal and communication skills; ability to communicate effectively with technical and non-technical audiences.
u) Good team player with proven leadership and managerial experience.
v) Works collaboratively with colleagues to achieve organizational goals; solicits input and is willing to learn from others.
w) Has the ability to defend and explain difficult issues and positions.
x) Establishes and maintains effective working relationships in a multicultural, multi-ethnic environment.
Academic Qualifications
MINIMUM QUALIFICATIONS AND EXPERIENCE:
• First University Degree in relevant fields plus 5 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both Treaty and Facultative); reinsurance pricing; claims management, risk survey and assessment.
OR
• First University Degree in relevant fields plus Masters’ Degree and/or full Insurance/Reinsurance/Actuarial Professional Qualification, plus 3 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both treaty and Facultative); reinsurance pricing; claims management, risk survey and assessment.
• Relevant Professional Qualification (ACII or Equivalent) would be an added advantage.
• A Post Graduate Degree in insurance would be an added advantage.
• Relevant Work Experience in a Reinsurance company would be an added advantage.
• Relevant Working Exposure in a Multicultural Environment will be an added advantage.
Salary & Benefits
SALARY AND BENEFITS
The successful candidate shall have the following benefits:
a) Competitive Basic Salary on the Corporation’s Professional Staff Grade Level.
b) Variable Pay (Annual Performance Bonus).
c) Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the Employer).
d) Children Education Subsidy for each child up to 26 years (maximum 4 children).
e) Medical Cover for staff and family.
f) Housing Allowance.
g) Home Leave to country of origin every year paid by the Employer (if non-national).
h) Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.
Additional Requirements
ADDITIONAL REQUIREMENTS FOR CANDIDTATES FOR THIS POSITION
Applicants must also be:
a) Fluent in English and/or French, and having a working knowledge in the second language shall be an added advantage.
b) Nationals of one of the 42 member States of Africa Re.