Reinsurance Supervisor

Full Time 2 weeks ago
Employment Information

Key Responsibilities:

  • Processing of statutory returns.
  • Process and negotiate treaty renewals for both general and medical then liaising with Treaty leader and documenting the agreed terms on Treaties with Reinsurers i.e. treaty slips
  • Placement of Facultative Out business and ensuring we seek for Facultative In business.
  • Preparing each year reinsurance programme and circulating to claims, underwriting, marketing and finance.
  • Preparing of treaty accounts i.e. quarterly A/c’s, premium Adjustment, Portfolio A/c’s, Profit Commission
  • Processing of recoveries from reinsurers both facultative and Excess of loss.
  • Notifying reinsurer of cash losses and pursue recovery of the same timely as per treaty terms
  • Assist in dealing with routine Treaty and Facultative administration matters and account queries from Reinsurers.
  • Set up of new treaties in the system.
  • Identify reconciliation items on both treaty and facultative accounts and liase with finance and credit control departments to ensure reconciliation is done
  • Engage intermediaries and business partners in order to grow the business
  • Assist, advice and support marketing team in all marketing initiatives business acquisition and retention including training and visits.
  • Any other task as deemed necessary for the efficient operation of the department.

Skills and Competencies Required

  • Sound Technical Underwriting skills
  • Intensive and extensive product knowledge
  • People Management and overall managerial skills
  • Good analytical skills
  • Customer service skills
  • Good Communication Skills
  • Computer Literate with good knowledge of Excel
  • Negotiation, influencing and selling skills
  • Ability to develop relationships with key business partners
  • Open mind to try new ways and alternative approaches of doing things

Academic, Professional and Work Experience required

  • Bachelor’s degree in business or related field.
  • Completed professional qualification in insurance (IIK)
  • Minimum 5 years of experience in Reinsurance
Skills
Communication Customer Service Excel Marketing
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