Senior Underwriting Officer at Geminia Life Insurance

About the Position:

This role serves the purpose of ensuring proper underwriting and optimum reinsurance arrangements are in place and operational and in full compliance with existing guidelines.

Roles and Responsibilities:

• Managing Treaty and Facultative Re-insurance arrangements for both Ordinary and group-life policies.
• Depositing agreed reinsurance treaty renewal documents with IRA before set deadline.
• Co-ordinate co-insurance arrangements whenever it arises.
• Following up on claim recoveries and quarterly reinsurance premium statements.
• Carrying out reinsurance premiums and claims reconciliations with the reinsurance participants both direct and through brokers.
• Reconciliation of client and broker premiums statement.
• Listing of schemes with loss ratio above 65% on the AKI registry portal.
• Setting up and ensuring that reinsurance in LMS works effectively and accurately.
• Responsible for the TAT’s for underwriting and reinsurance.
• Responsible for implementation of the company strategy in underwriting, departmental.
• Support the implementation of departmental employee productivity, satisfaction, retention, and growth by efficiently implementing BSC’s.
• Co-ordinate the on-boarding and underwriting of new and existing clients as per the company’s underwriting requirements and turnaround timelines.
• Reviewing of Group Life, Credit Life, Mortgage and Last Expense quotations, rates and terms for new and renewal business based on risk classification, market factors and claims experiences.
• Co-ordinate the preparation and maintenance of monthly, quarterly, and annual underwriting, claims and reinsurance submissions.
• Relationship building with clients and partners to ensure exceptional service delivery to corporate clients.
• Help in Management of critical and sensitive group life schemes.
• Maintaining a good relationship with reinsurer in view of reviewing, analyzing and implementation of reinsurance requirements.
• Training of clients, agents and brokers on company’s policies and products to ensure an improved knowledge base for all partners and adherence to the regulations.

Qualifications 

Minimum Requirements

• Bachelor’s degree in actuarial science, Insurance or related field.
• ACII or AIIK equivalent.
• Minimum 4 years of relevant work experience.
• Previous experience managing or supporting an underwriting/reinsurance manager.
• Demonstrated experience with treaty negotiations and fast and efficient claim recoveries.
• Proficient in Microsoft Office products especially excel.

Personal Competencies

The successful candidate should be:

• Creative, synthesizing information, harnessing skills, and applying good judgment to solve problems and make improvements.
• Conscientious, demonstrating personal integrity and a desire to mentor others.
• Relationship-oriented, building a project management team and fostering positive connections with clients and partners as well as other GL teams.
• Poised, managing priorities, and producing quality work in complex and time-sensitive conditions.
• Ambitious, taking the initiative to pursue new opportunities to develop professionally and help Geminia Life Insurance grow.
• Communicative, using clear language to share ideas in writing and speech.