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  • Posted: May 10, 2022
    Deadline: May 16, 2022
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  • CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi
    Read more about this company

     

    Reinsurance Manager – General Business

    PURPOSE:

    Responsible for designing an optimal reinsurance programs, assessment and placement of risks and reinsurance recoveries for the group.

    PRIMARY RESPONSIBILITIES:

    • Review all risks acceptances to ensure they are protected by proper reinsurance arrangement;
    • Monitor the reinsurance register to ensure risks are correctly allocated into the relevant treaties;
    • Negotiate and review reinsurance contracts (best rates and terms) at each reinsurance renewal period;
    • Underwrite inward facultative business;
    • Prepare reinsurance underwriting and claims statistics for reinsurance renewals and review of profitability of the reinsurance program;
    • Grow inward facultative business and collect premiums, through acquisition of new and retention of existing business;
    • Place all risks that are in excess of capacity;
    • Prepare and file quarterly reinsurance returns and
    • Negotiate special acceptances of unusual risks.
    • Ensure facultative premiums are collected on time.
    • Ensure treaty recoveries are done on time.
    • Collect all outstanding debt on premiums and claims recoveries
    • Process and ensure all custom bonds are canceled immediately they fall due.

    GENERIC DUTIES

    • Carry out performance appraisal, coaching and mentoring staff;
    • Resource allocation, staffing and leave approval;
    • Participate in planning and budgeting for the department;
    • Participate in various meeting and committees.

    PERSON SPECIFICATIONS

    Academic Qualifications

    • Bachelor’s degree in a business related field

    Professional Qualifications

    • ACII or AIIK is mandatory

    Experience

    • Minimum of six (6) years’ relevant experience, two (2) of which at supervisory level

    Skills and Attributes

    • Excellent communication and presentation skills
    • Problem solving skills
    • Excellent interpersonal skills
    • Good negotiation skills
    • Good analytical skills
    • Computer literate in MS Office and other office applications
    • Understanding of the working environment /competitors
    • Technical competence in insurance
    • Basic knowledge of regulations by AKI and IRA

    go to method of application »

    Assistant Claims Analyst – General Business

    PURPOSE:

    To achieve customer satisfaction through efficient and prompt claims settlement.

    PRIMARY RESPONSIBILITIES:

    • Register and analyse intimated claims and advise client on supporting claims documents;
    • Appoint service providers where applicable;
    • Analyze adjuster/ Investigators claim reports to recommend settlement/ approve/ admit;
    • Process fully documented claims and referring any suspicious claims to the supervisor;
    • Initiate reinsurance and third party recoveries (written demand letters);
    • Review claims reserves on a continuous basis in view of new developments and to close files where all payments have been made;
    • Process all service providers’ invoices and payment within the set standards;
    • Issue discharge vouchers for all fully documented claims;
    • Attend to customer queries and complaints promptly and professionally;
    • Communicate risk improvement measures to the underwriter to take appropriate action;
    • Follow up on claims payments and
    • Prepare various claims analysis reports for clients and management consumption.

    PERSON SPECIFICATIONS

    Academic Qualifications

    • Degree in business related field.

    Professional Qualifications

    • Part qualification in relevant professional field in IIK or ACII

    Experience

    • Up to two (2) years’ relevant experience

    Skills and Attributes

    • Excellent communication and presentation skills
    • Problem solving skills
    • Excellent interpersonal skills
    • Good analytical skills
    • Computer literate in MS Office and other office applications
    • Understanding of the working environment /competitors
    • Technical competence in insurance
    • Basic knowledge of regulations by AKI and IRA

    Method of Application

    Use the link(s) below to apply on company website.

     

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