Kenya Orient Insurance Assistant Reinsurance Manager Job Vacancy - Kenyan Jobs Blogspot :: A Collection of Jobs in Kenya

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Sep 8, 2017

Kenya Orient Insurance Assistant Reinsurance Manager Job Vacancy

Kenya Orient Insurance Limited
 
Job Title: Assistant Manager - Reinsurance
 
Division / Department: Underwriting
 
Immediate Supervisor: Assistant General Manager - Underwriting

Overall Responsibility: The position is responsible for reviewing all risks acceptances to ensure they are protected by proper reinsurance arrangement on a back to back basis without any gaps in risks accepted and reinsurance protection availed.

 
Key Tasks, Duties and Responsibilities
  • Review all risks acceptances to ensure they are protected by proper reinsurance arrangement on a back to back basis without any gaps in risks accepted and reinsurance protection availed.
  • Peruse the reinsurance register on daily basis to ensure risks are correctly allocated into the relevant treaties
  • Review reinsurance exclusions and recommend deletion where necessary
  • Analyse inward facultative accepted by the reinsurance section and evaluate the cedant exposure, adequacy of premium, appropriateness of the terms and conditions of each and every risk accepted.
  • Prepare reinsurance underwriting and claims statistics including outstanding claims and reinsurance recoveries for reinsurance renewals and review of profitability of the reinsurance program.
  • Grow inward facultative business as per set target in the budgets through acquisition of new business supporters and retention of existing business.
  • Place all risks that are in excess of capacity in a timely manner with reputable and financial stable underwriters or reinsurers in liaison with the AGM Underwriting
  • In liaison with the Claims department, Identify, document and follow up recovery settlement of all claims above the deductibles in the treaty
  • Review corporate non motor quotations prepared by the marketing department
  • Issue quotations for fairly large risks
  • Sign non motor Policy documents from branches and ensure timely dispatch as per set TAT
  • Train and Mentor underwriting staff
  • Prepare various management reports for discussion with AGM Underwriting
Requirements
  • Bachelor’s degree – Bachelor of Commerce (Insurance), BSC Actuarial or any other Business Related
  • ACII or AIIK. Considerable progress may be considered
  • Minimum 5 years underwriting / reinsurance experience three of which must be a concentration on reinsurance work
Competencies
  • Knowledge in Reinsurance/Underwriting and pricing
  • Risk perception and assessment
  • Ability to lead and develop others
  • Ability to build relationships, innovative, analytical thinking and customer orientation.
How to Apply:
 
If you are interested in the position and have the required qualifications, skills and experience, kindly visit https://korient.co.ke/careers/ and submit your application on or before Wednesday, September 13th 2017.

We are an equal opportunity employer

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