Reinsurance Manager in Nairobi, Kenya

Reinsurance Manager
Job Description

Our client, leading insurance company is seeking a Reinsurance Manager to be based in Nairobi Kenya.

 Reporting to the Director.

  • Carry out the outward and inward reinsurance process in line with the guidelines and policies of the company.
  • Compile a defined plan to carry out and apply best practice process to control and improve the outward and inward reinsurance book.
  • Arrange reinsurance support for risks by working on submissions and looking into methods of risk redistribution as well as maintaining awareness of changing rating requirements.
  • Produce outward and inward reinsurance information for business planning and strategic purposes.
  • Ensure that the company maintains successful relationship with local and  regional insurance and reinsurance companies and brokers to achieve an optimal reinsurance position on all lines of business.
  • Ensure that reinsurance documentation is robust and maintained.
  • Keep claims up to date with the current reinsurance position and work with claims and reinsurers on contentious claims to ensure a successful outcome.
  • Produce monthly reinsurance documents including capacity report and treaty summary.
  • Review treaty settlements, statistics, related reports and reinsurance details including profit commission calculations, as needed.
  • Respond to inquiries from reinsurers, reinsurance brokers, auditors and participating companies.,
  • Review reinsurance documents for completeness in accordance with negotiated terms and conditions.
  • Monitor usage of reinsurers to ensure only those financially capable to meet their obligations are used.
  • Advise senior management regarding application and usage of reinsurance and the market trends.
  • Promote the company’s inward facultative capacities and services with the purpose of increasing the income and market share wherein the company becomes a reinsurer of high quality accounts.
  • Monitor and review the performance of all inward facultative accounts and take the necessary measures as needed based on general business standards.
  • University degree or equivalent. Minimum Dip. CII or an equivalent insurance qualification. 8-10 years insurance industry experience of which minimum 5 years in reinsurance in a managerial position.
  • Exposure to and understanding of various classes of insurance business.and reinsurance markets.
  • Thorough knowledge of reinsurance techniques and practices – both treaty and facultative.
  • Familiarity with the regulatory and financial management framework of reinsurance business.
  • Strong interpersonal and influencing skills, with an ability to develop working relationships with a wide range of internal and external personnel.
  • Excellent communication skills and ability to think and act strategically and analytically.
  • Good organizational skills with the ability to work well under pressure.
  • Ability to define problems, collect data, establish facts and draw valid conclusions.
Applications with subject heading            re-insurance manager to be submitted to by10th February 2014

Only qualified candidates shall be contacted

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