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  • Posted: Sep 11, 2017
    Deadline: Sep 15, 2017
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    The company was incorporated in 1982 by the Al Fateem Group of Dubai and was later acquired by Kenyans in 1988. Kenya Orient Insurance was then formed in 2004 after a transfer of ownership from the previous proprietors to its current owners. We have since enjoyed steady growth as a company and are fast becoming a force to reckon with in the industry.
    Read more about this company

     

    Assistant Manager

    The position is responsible for reviewing all risks acceptances to ensure they are protected by
    proper reinsurance arrangement on a back to back basis without any gaps in risks accepted and
    reinsurance protection availed.

    Assistant Manager Job Responsibilities

    • Review all risks acceptances to ensure they are protected by proper reinsurance arrangement on a back to back basis without any gaps in risks accepted and reinsurance protection availed.
    • Peruse the reinsurance register on daily basis to ensure risks are correctly allocated into the relevant treaties
    • Review reinsurance exclusions and recommend deletion where necessary
    • Analyse inward facultative accepted by the reinsurance section and evaluate the cedant exposure, adequacy of premium, appropriateness of the terms and conditions of each and every risk accepted.
    • Prepare reinsurance underwriting and claims statistics including outstanding claims and reinsurance recoveries for reinsurance renewals and review of profitability of the reinsurance program.
    • Grow inward facultative business as per set target in the budgets through acquisition of new business supporters and retention of existing business.
    • Place all risks that are in excess of capacity in a timely manner with reputable and financial stable underwriters or reinsurers in liaison with the AGM Underwriting
    • In liaison with the Claims department, Identify, document and follow up recovery settlement of all claims above the deductibles in the treaty
    • Review corporate non motor quotations prepared by the marketing department
    • Issue quotations for fairly large risks
    • Sign non motor Policy documents from branches and ensure timely dispatch as per set TAT
    • Train and Mentor underwriting staff
    • Prepare various management reports for discussion with AGM Underwriting

    Qualifications for the Assistant Manager Job

    • Bachelor’s degree – Bachelor of Commerce (Insurance), BSC Actuarial or any other Business Related
    • ACII or AIIK. Considerable progress may be considered
    • Minimum 5 years underwriting / reinsurance experience three of which must be a concentration on reinsurance work
    • Knowledge in Reinsurance/Underwriting and pricing
    • Risk perception and assessment
    • Ability to lead and develop others
    • Ability to build relationships, innovative, analytical thinking and customer orientation.

    Method of Application

    Interested and qualified? Go to Kenya Orient Insurance Limited on docs.google.com to apply

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