Job Description
MANAGER, LIFE BUSINESS – KRC/HR/2023/02
Reports to: General Manager, Reinsurance Operations
Job Purpose
The job holder will manage and coordinate prudent underwriting in Life Reinsurance Operations to have
premium growth and profits to the Corporation and satisfied customers.
Primary Responsibilities
The main duties and responsibilities will include but not be limited to;
i) Formulate, implement and monitor strategic plan for the Life Business for the Group and subsidiaries.
ii) Initiate the development, review and implementation of policies, strategies, procedures, and
guidelines on Life Business.
iii) Transact reinsurance business through treaty and facultative cessions.
iv) Provide technical expertise on life reassurance to Kenyan and African market.
v) Provide guidance on life, (local and international) business activities.
vi) Solicit and receive business offers from existing and potential clients.
vii) Contribute to the resolution of complex or high value claims.
viii) Assess offers and determine their applicability in line with the Corporation’s underwriting policy.
ix) Manage treaty & policy cessions underwriting- Local & international markets as well as run-offs thereof.
x) Develop and promote new life reassurance products.
xi) Work closely with actuaries to ensure risks are adequately priced and reserved.
xii) Work closely with retrocessionaires to ensure adequate retro-protection.
xiii) Manage relationships with key stakeholders such as rating agencies, regulators, brokers, etc
xiv) Support the financial stability of primary insurers.
xv) Provide valuable insights and data analysis to design products.
xvi) Collect outstanding life premiums and oversee the same in the department.
xvii) Execute risk assessment and setting appropriate premiums based on statistical analysis and historical data.
xviii) Carry out market campaign to ensure growth of the business in line with the strategy.
xix) Provide management and the Board with information on life assurance business matters.
THE PERSON
Academic Qualifications
• Bachelor’s degree in insurance, actuarial science or a business-related field.
Professional Qualifications
• ACII and/or AIIK or their equivalent.
Experience
• At least 10 years of relevant working experience;4 of which should be in management as Assistant
Manager.
• Must have evidence of growth of Life Business Portfolio to atleast Kes.3billion.
• Have evidence of managing loss ratio to below 53% including cost-savings from claims management.
• Have exposure to working with a pan-African (re)assurance company.
• Possession of multi-lingual skills in French and English will be an added advantage.
Skills
• Good interpersonal and communication skills;
• Good organization and management skills.