Jobs at CIC Insurance

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

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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