Duties and Responsibilities
Life Reassurance Underwriting
Ensure prompt assessment of referred special and sub-standard risks.
Ensure prompt communication of risk acceptance terms to the client.
Assist Life Manager in analysing risk reinsurance proposals, determine policy terms on the basis of actuarial, statistical and background information.
Assist Life Manager in drawing up contracts in consultation with cedents/reassurance brokers acting for cedent
Assist Life Manager to review contract wordings when necessary in consultation with cedents/reassurance brokers acting for cedent
Coordinate preparation and submission of quarter/year end information as required for completing the company financial reporting.
Maintaining databases for treaty bordereaux, definite certificates, reassurance advices and reassurance certificates.
Preparing treaty reassurance certificates
Preparing and confirming treaty statements of accounts.
Processing of claim payments and cash calls.
Handling retrocession matters including preparing statement of accounts, claim recoveries etc
Maintaining premium claims and retrocession registers.
Compiling Life Business statistics as required by the regulator, rating agencies and for internal analysis.
Training interns on matters regarding Life reassurance.
Liaise with the Life Manager and finance department to ensure prompt payment of outstanding balances to cedents including cash calls.
Any other duties as assigned by the Life Manager
Organizing and taking minutes in Life department sub-committee meetings.
Marketing and Training
Assisting the Life Manager in targeted and structured visits to clients.
Assisting the Life Manager in conducting client training in our markets
Assisting the Life Manager in product development for clients
Promoting company Core Values and supporting company standards.
Participating in opportunities to broaden personal and professional skills including industry – related courses/activities
Participating in various support sub-committee meetings as directed by the Life Manager and reporting on matters regarding Life department.
Active participation in the company’s Corporate Social Responsibility Committee.
Minimum 2 years solid experience in reinsurance, ideally gained from working in a Life outwards reinsurance Department.
Knowledge of Life Underwriting, treaty wordings ( proportional and non‐proportional) and facultatives
The incumbent must have a University degree preferably in Actuarial Science, Mathematics, Commerce ( Insurance Option)
Professional qualification in Insurance e.g. CII or IIK – minimum 5 papers or equivalent will be an added advantage
Strong analytical and problem solving abilities;
Strong verbal and written communication skills
Strong interrelationship skills
Strong commitment to customer service and the organization.
Good IT skills including advanced skills/knowledge of Microsoft Office packages
What are you?
A well-organized and self-driven person
Collaborative approach with good interpersonal skills to work in a team and alone as required
Self-starter and ability to work well as part of a team
Ability to learn new things quickly
Self-motivated with time management skills to successfully deliver full results within set deadlines and within budget.
Comfortable working with people of all levels.
Ability to quickly understand the mission, vision and values of an organization
Ethical behavior, honest and transparent
What do we offer you?
When working at EARe, you can expect to work with inspiring and creative colleagues.
You will have ample opportunities for growth and career development as we value continuous learning.
We offer you a challenging position in which you will be rewarded for excellent performance.
Are you interested in this position and do you meet the minimum requirements?
Apply by sending an e-mail with your CV and a convincing cover letter to firstname.lastname@example.org.
The application deadline is 23rd April, 2015.
Due to the urgency in filing this role and high volume of applications received only shortlisted candidates on a first come first serve basis will be contacted.
Do you have questions about this vacancy?
Visit our website at www.eastafricare.com.
Please do not hesitate to contact us by e-mail or telephone: email@example.com or 020 4443588 / 0733 623737 / 0728 111041.