PURPOSE:
Responsible for designing an optimal reinsurance programs, assessment and placement of risks and reinsurance recoveries for the group.
PRIMARY RESPONSIBILITIES:
Review all risks acceptances to ensure they are protected by proper reinsurance arrangement;
Monitor the reinsurance register to ensure risks are correctly allocated into the relevant treaties;
Negotiate and review reinsurance contracts (best rates and terms) at each reinsurance renewal period;
Underwrite inward facultative business;
Prepare reinsurance underwriting and claims statistics for reinsurance renewals and review of profitability of the reinsurance program;
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;
Prepare and file quarterly reinsurance returns and
Negotiate special acceptances of unusual risks.
Ensure facultative premiums are collected on time.
Ensure treaty recoveries are done on time.
Collect all outstanding debt on premiums and claims recoveries
Process and ensure all custom bonds are canceled immediately they fall due.
GENERIC DUTIES
Carry out performance appraisal, coaching and mentoring staff;
Resource allocation, staffing and leave approval;
Participate in planning and budgeting for the department;
Participate in various meeting and committees.
PERSON SPECIFICATIONS
Academic Qualifications
Bachelor’s degree in a business related field
Professional Qualifications
ACII or AIIK is mandatory
Experience
Minimum of six (6) years’ relevant experience, two (2) of which at supervisory level
Skills and Attributes
Excellent communication and presentation skills
Problem solving skills
Excellent interpersonal skills
Good negotiation skills
Good analytical skills
Computer literate in MS Office and other office applications
Understanding of the working environment /competitors
Technical competence in insurance
Basic knowledge of regulations by AKI and IRA
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