Manager - Reinsurance at Kenindia Assurance Company Limited

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.