Reinsurance Analyst at Liberty Life

Job Summary

The role holder will be responsible for assisting the Reinsurance Manager in executing the Reinsurance Strategy, including the arrangement of a business-enabling reinsurance program and the facilitation of its efficient utilization in line with the Company’s goals and objectives.

Key Responsibilities

• Assist in processing of all Reinsurance returns, Accounts, Reconciliations and payments within set timelines.
• Ensure prompt recovery of balances due from Reinsurers
• Efficient reinsurance related claims administration and proper management of reinsurance related accounts
• Assist in preparing various performance statistics for reinsurance renewal, review of Reinsurance Program profitability and all pre and post renewal reinsurance processes
• Ensure all IRA deadlines are adhered to
• Timely preparation of reports for presentation to management for proper decision making
• Embrace governance requirements with respect to KYC/AML/Data protection requirements per governing Acts.

Qualifications

• Bachelor’s Degree in Insurance, Finance, Accounting, Economics or Related Discipline
• Progress towards Diploma in Insurance (ACII or AIIK), (at least 3 papers or training in Reinsurance)

Experience

• 2 years with working knowledge of Reinsurance and/or Accounts

Competencies

• Knowledge of reinsurance treaty, facultative wording and reinsurance slips
• Knowledge of insurance and accounting concepts
• Knowledge of underwriting and claims processes and procedures
• Technical competence in underwriting insurance risks
• Knowledge of insurance regulatory requirements
• Analytical, Process and Results oriented
• Following instructions and procedures
• Coping with pressures and setbacks
• Relating and networking
• Working with people
• Presenting and communicating information
• Achieving personal work goals and objectives