Job Ref. No: JHIL068
Role Purpose
The job holder shall implement the company’s reinsurance program based on overall company’s objectives, underwriting and reinsurance philosophy and manage expectations of all reinsurance stakeholders.
Main Responsibilities
Spearhead the design, negotiation, and renewal of reinsurance treaties in line with the business needs and regulatory guidelines.
Communicating with clients, brokers, intermediaries, and other stakeholders to provide information on reinsurance policies and procedures.
Design and implement an optimal reinsurance program for the all the group business entities.
Providing technical guidance on business evaluation and acceptance in line with the reinsurance program, good underwriting practice and underwriting capacity
Crafting, implementation and review of reinsurance strategy, policy, and guidelines in line with business strategy and various regulatory requirements
Ensure timely collection of premiums & timely remittance to reinsurance partners.
Ensure that all risks accepted are properly reinsured in line with the reissuance contracts in place and the company reinsurance strategy document.
Regular review of the reinsurance premium register to ensure risks are ceded optimally and in line with the reinsurance arrangements in place.
Ensure timely facultative placement of any risks beyond company’s capacity with approved securities.
Seek for competitive terms and special acceptance for treaty excluded risks from the reinsurers either directly or through reinsurance brokers.
Ensure compliance with internal and statutory requirements governing risks placements and timely reinsurance data submission to the IRA.
Prepare reinsurance underwriting and claims statistics on a regular basis.
Ensure timely preparation and submission of reinsurance periodical returns in line with treaty terms and conditions.
Collaborating with other departments to ensure overall company profitability.
Key Competencies
Customer Service
Leadership Skills
Interpersonal Skills
Good analytical skills
Ability to communicate effectively.
Good understanding of Medical Insurance products
Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation.
Qualifications
A Bachelor’s degree in a Business-related course (Risk Management, Insurance, Actuarial)
ACII or AIIK insurance qualification
Proficient in the use of Microsoft Office Suite and packages
Relevant Experience
Must have a minimum of 5 years’ experience in the Reinsurance field.
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If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position by 18th April 2023
Apply via :
Recruitment@jubileekenya.com
