Assistant Underwriting Officer (Life) at Africa RE

Responsibilities

• Providing necessary technical support to the Life Underwriting Unit (West Africa) in ensuring the effective performance of the Unit.

Duties/Job Details

• Assist the Life Underwriting Unit in coordinating activities of the Unit.
• Manage Policy cessions in the Life Administration System.
• Manage Life Reinsurance Contract details in the Reinsurance System.
• Assist the Life Underwriting Unit in marketing activities and client relationship.
• Renewal of contracts in the RMS
• Data processing and management in the Life Reassurance Administration System
• Assist the Life Underwriter in the assessment of medical reports from cedants up to a certain limit of sum assured.
• Recording, verifying and processing statements received from cedants including premium closings, quarterly accounts, excess of loss premiums, etc.
• Preparing renewal notices for facultative businesses and forwarding same to cedants upon approval of the Life Underwriter
• Preparing monthly statistics on request by the Underwriter and/or the Regional Director
• Any other duties as may be assigned by the Life Underwriter or management.

Main Competencies Required for this Position

• Good skill in business software tools: Microsoft Excel and Word.
• Basic Knowledge of Life Assurance.
• Knowledge of Health Insurance Laws and Regulations
• Adequate knowledge of some actuarial concepts such as the present values of a series of payments, compound interest and amortization schedule.
• Good command of both written and spoken English.
• Proficiency in French language shall be an added advantage.
• Excellent IT skills in MS Office (Word, Excel, PowerPoint, and Outlook) are required;
• Good knowledge of reinsurance and retrocession.
• Good supervision and reporting skills

Qualifications and Professional Experience

• First University degree in relevant fields plus 3 years post qualification relevant qualitative work-related experience with emphasis in a relevant discipline preferably in Insurance/Reinsurance.
• Relevant work experience in a Reinsurance Company or Reinsurance and/or Reinsurance Department of an Insurance Company is an added advantage.

Applicants must also be:

• Nationals of member States of Africa Re;
• Not more than 28 years old.
• Fluent in English Language. However, a basic knowledge of French language would be an added advantage;

Salary and Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Grade Level SS2 
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and recognized dependents;
• Housing Allowance
• Transport Allowance