Innovate General Insurance
Posted Job
12 months ago

Reinsurance Manager

To effectively and efficiently plan, organize, coordinate and control the reinsurance requirements for the Company.

Duties and Responsibilities

  • Analyses the company’s risk portfolios presented by primary underwriters and determine risks retention levels for the company.
  • Plans the company’s reinsurance programme to ensure timely negotiations of both treaty and facultative reinsurance with reinsurers and brokers.
  • Verifies details of claims on the company and submits them to the reinsurers to ensure that they meet their obligations promptly.
  • Negotiates and updates changes or amendments to treaty and facultative agreements approved by company management.
  • Verifies a variety of reinsurance accounts and liaises with Finance Department for remittance or reinsurance premiums in accordance with the contract requirements.
  • Markets and accepts inward reinsurance business for the company and secures the appropriate reinsurance protection for the business.
  • Reviews working relationships with and competence of the reinsurers and reinsurance brokers advising management on the need to continue the relationships.
  • Monitors and implements the department’s annual revenue and expenditure budgets to ensure that reinsurance requirements are adequately funded and controls expenditure within budget.
  • To liaise with the reinsurers and brokers with the view of securing technical assistance in underwriting and claims handling management.

Skills:

  • Analytical ability
  • Numerical skills
  • Verbal and written communication skills
  • Very good interpersonal skills
  • Negotiation skills

Qualifications:

  • Degree in Business related studies
  • Diploma /degree in insurance
  • At least five years working experience in insurance 2 years of which should be in reinsurance

How to Apply

Interested candidates who meet the above stated requirements should submit their applications by e-mail to the email below:

Applications should consist of letter and curriculum vitae for now.

Application deadline
15 Nov 15:00
Email applications to
jobs.innovategroup@yahoo.com

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