Re-insurance Manager at Directline Assurance Company Limited

We are looking for a motivated and qualified professional to fill the position of Re-insurance Manager.

Overall Purpose of the Job: The Job purpose will be organization and realization of reinsurance projects.

Key Roles and Responsibilities

• Support individual departments with all Reinsurance-related issues
• Review and recommend for approval Reinsurance contract wordings
• Use the system to resolve all treaty coding issues
• Ensure that the Company deals with reputable reinsurance companies at all times
• Timely processing of statutory returns
• Processing and negotiating competitive treaty renewal terms
• Placement of facultative business. Both inward and outward
• Preparing reinsurance reports for management
• Ensuring timely processing of recoveries
• Ensuring that the Company’s reinsurance programs are adequate & cost effective
• Processing of branch credit notes and refunds
• Processing of Insurance Premium Finance applications
• In liaison with the MD formulate and monitor the Department strategic plans.
• Any other duties that may be assigned by the MD from time to time.

Person Specifications

Academic Qualifications

• University degree from an institution recognized by Commission for Higher Education
• Master’s Degree will be an added advantage
• Minimum Overall Grade of C+ in KCSE

Professional Qualifications

• Professional Accounting qualification i.e. CPA-K/ ACCA/ACII
• Certificate of Proficiency in Insurance (COP) or
• AIIK Diploma/CII Diploma or any insurance related qualification will be an added advantage

Experience

• She/he must be familiar with Re-insurance accounting
• IT proficiency- Computerized accounting system skills
• Exposure to and understanding of various classes of insurance business in international insurance and reinsurance markets.
• Thorough knowledge of reinsurance techniques and practices
• At least 8 – 10 years of experience with motor vehicle insurance companies.
• Experience reporting to a Board of Directors will be an added advantage.
• Ideal candidate should have a mature personality and at least 35 years of age and above.

Skills and Attributes

• High level of integrity; Able to maintain utmost confidentiality of information in their possession
• Excellent communication and presentation skills
• Excellent interpersonal and negotiation skills
• Excellent Client relationship skills
• Have great attention to detail
• Possess excellent risk management experience
• Must be competent in Planning and organizing departmental functions with a keen eye and attention to details
• Analytical/Research Skills
• Time management skills
• Team Building Skills
• Multicultural Sensitivity
• Problem-Solving
• Holding People accountable
• Leadership and developing others
• Relationship building for influence