PURPOSE:
To support the business operations through supporting underwriting and claims departments in business. They will be responsible for placement of risks & recoveries from the reinsurers, reinsurance accounting and also handle reinsurance correspondences.
PRIMARY RESPONSIBILITIES:
Grow inward facultative business and collect premiums, through acquisition of new and retention of existing business;
Place all risks that are in excess of capacity;
Any other duty as may be given by the Reinsurance Manager
Ensure timely treaty and facultative claims recoveries and as per the set timelines and budgets
Monitor the claims reinsurance register to ensure claims are correctly allocated into the relevant treaties;
Ensure new claims payments are immediately documented to the reinsurers;
Follow up with Treaty and Facultative reinsurers on claims recoverable;
Following up on receipting of all recoveries to the appropriate accounts and maintain up to date records of the same.
In liaison with the claims department, ensure claims payable to reinsurers (facultative) are registered and documented.
Managing facultative inward and outward business and preparing reconciliations for all businesses
Calling for payments of facultative accounts and calling for reinsurance treaty recoveries.
Seeking of facultative support for risks not covered under the scope of the treaty arrangements;
Follow up with facultative reinsurers on claims recoverable;
In liaison with the claims department, ensure claims payable to reinsurers (facultative) are registered and documented.
Travel insurance management
Custom Bonds underwriting & Management
Bankers Blanket Bond underwriting & claims Management
Reconcile funds received from reinsurers vs cash book;
In liaison with the finance department, clean up the reinsurance recoveries receipts;
Track payments received from reinsurers;
Academic and Professional Requirements
Education
Bachelor’s Degree in a relevant field,
Computer literate in MS Office and other office applications
Qualification in relevant professional field – Diploma in Insurance, ACII/AIIK
Experience Required:
Relevant experience 3
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