Assistant Reinsurance Manager - General Insurance Underwriting at Britam

Reporting to the Chief Operating Operation (COO) General insurance,the job holder shall manage reinsurance operations in Kenya and Regions.He/she shall assist in looking after the various reinsurance arrangements including treaty and facultative reinsurance protection for all classes of business written by the company.

He/She shall also assist in implementation of the company’s reinsurance programme based on overall company’s objectives and maintain a business relationship with the Company’s underwriting and finance department and with the local, regional and international reinsurance market.

Responsibilities for the Assistant Reinsurance Manager Job

• Analyze the risks accepted and ensure risks are ceded properly.
• Ensure that all acceptances are protected by proper reinsurance arrangement on a back to back basis without any gaps in risks accepted and reinsurance protection availed.
• Obtain all necessary underwriting information required to place the risk in the international/regional/local reinsurance market.
• Coordinate with reinsurance brokers for the placement of each and every declaration to the appropriate reinsurance arrangement
• Assist in arranging proper reinsurance protection as and when required.
• Place reinsurance directly to the market or through the broker whether on facultative or any other basis depending on the need of the situation.
• Assist in the administration of the reinsurance program.
• Ensure timely submission of closing and accounting documents as well as for settlement of premium and recovery of claims from reinsurers.
• Ensure accuracy of reinsurance contract with reference to original terms at which reinsurance is accepted.
• Maintain efficient communication lines between the company and brokers.
• Prepare reinsurance underwriting and claims statistics including outstanding claims and reinsurance recoveries there from on a regular basis and update the same at periodic intervals as per requirement.
• Review reinsurance payments/recoveries relating reinsurance premium, commissioning and claims.
• Calculate reinsurance premium, profit commission and other reinsurance deductions and able to prepare relevant documentation.

Qualifications for the Assistant Reinsurance Manager Job

• A business related University Degree
• Professional Insurance qualification (CII or IIK)
• Must have a minimum of 6 years’ experience in reinsurance field.
• Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation

Competencies

• Good analytical skills
• Computer knowledge
• Ability to communicate effectively
• Good understanding of general Insurance products
• Accounting background will be an added advantage

KPIs

• Reinsurance accounting Program management
• Facultative business budget
• Timely security and risk placement
• Reinsurance cost