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  • Posted: Sep 30, 2022
    Deadline: Oct 12, 2022
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    Kenindia Insurance Ltd, was established as merger of Indian Insurance Companies operating in Kenya to form a vibrant joint venture with moral and financial support from leading local business elite on 6th December 1978.

    By 2007, a span of 29 years, the company had crossed the Ksh 3 billion gross premium income mark to become the largest non-life...
    Read more about this company

     

    Manager - Reinsurance

    Main Purpose of the Job - (Job Summary)

    Leading in the formulation of the reinsurance strategies, policies and procedures while ensuring protection of company assets and implementation Reinsurance plans for compliance and managed risks into achieving overall business objectives.

    Main Responsibilities

    • Developing a reinsurance strategy for planned operations and compliance with IRA
    • Designing and renewing of reinsurance programme to facilitate underwriting terms and capacity.
    • Preparing of treaty statistics to facilitate negotiation of treaty renewal terms
    • Ensuring underwriters are aware of the terms applicable to the respective policies for prudent and accurate underwriting.
    • Developing and marketing of inward reinsurance business to increase premium income
    • Ensuring compliance with statutory requirements for licensing purposes
    • Managing reinsurance department communication with our clients and reinsurers
    • Ensuring premium and claims cessions are completed as per the deadlines per treaty terms
    • Ensuring reinsurance accounts are prepared and sent as per treaty terms
    • Ensuring all risks have the necessary reinsurance support in line with the reinsurance arrangements and needs

    Key Deliverables

    • Commercial business continuity
    • Growth of inward reinsurance business
    • Compliance to the reinsurance regulatory

    Job Specifications

    Academic Qualifications

    • Undergraduate degree in any Business related field

    Professional Qualifications

    • ACII/AIIK

    Key Job Skills (specific to the job)

    • Strategy formulation and implementation
    • People Management.
    • Analytical skills
    • Strategic influential skills
    • Accounting & finance
    • International reinsurance literacy
    • IT skills (fluency)

    Insurance Skills (special Category)

    • Underwriting
    • Accounts
    • Claims

    Our Competencies/Behaviours

    • Integrity
    • Reliability
    • Transparency
    • Professionalism
    • Teamwork
    • Quality

    Relevant Experience

    • At least 4 years of relevant experience in managerial position.

    Method of Application

    Interested and qualified? Go to Kenindia Assurance Company Limited on www.kenindia.com to apply

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