Assistant Underwriting Officer at African Reinsurance Corporation

Job Details

RESPONSIBILITIES

• The Assistant Underwriting Officer supports Underwriters in daily activities (processing) to provide services to customers.

DUTIES / JOB DETAILS

The incumbent will carry out the following functions:

• Work directly with Underwriters to help manage and support their renewal and new business book.
• Maintain proper records of all business offers and transactions received, concluded, and assigned in the shared folder.
• Ensure that cedants submit relevant underwriting information for risk review and pricing by the Underwriter.
• Establish reinsurance contracts in the SICS reinsurance system.
• Renew all assigned reinsurance contracts in the SICS reinsurance system.
• Ensure that all M&DP are processed for all Non-Proportional treaties in the reinsurance system.
• Liaise with brokers/cedants to ensure that annual accounts/statements such as premium adjustments, commission adjustments, loss participation, and portfolio adjustments are rendered promptly and appropriately for both proportional and non-proportional treaties.
• Review quarterly statements and premium/claims bordereaux, and communicate with brokers/cedants to obtain/clarify information/data where necessary.
• Issue debit/credit notes as appropriate.
• Follow up with brokers/cedants to ensure prompt payment of premiums due to Africa Re.
• Generate monthly production reports and other reports as required.
• Work with the Underwriter to update treaty wording during and immediately after annual treaty renewals.
• Ensure that cover notes/slips/wordings signed are sent out to cedants and brokers promptly.
• Assist the Underwriter in the review of risk referrals for approval/special acceptance.
• Assist the finance team in the reconciliation of cedant and broker accounts and chase outstanding amounts due from them.
• Perform any other duties that may be assigned.

Main Competencies

MAIN COMPETENCIES REQUIRED FOR THIS POSITION

• Basic underwriting skills in property and casualty lines of business.
• Knowledge of appropriate insurance and reinsurance principles and practices.
• Industry knowledge.
• Ability to quickly build good and sustainable relationships and effectively interact with internal and external business partners.
• Good oral and written communication skills, including presentation skills.
• Good interpersonal skills, detail-oriented, and customer service-focused.
• Analytical and problem-solving skills, with the ability to manage and prioritize multiple tasks.
• Ability to work with little or no supervision.
• Ability to multitask and manage change.
• Ability to work collaboratively with colleagues to achieve organizational goals, solicit input, and learn from others.
• Ability to establish and maintain effective working relationships in a multicultural, multi-ethnic environment.
• Good planning and reporting skills.
• Organizational and time management skills.
• Discipline, reliability, and high integrity.
• Ability to work under pressure and adapt to a changing environment.
• Excellent skills in MS Office (Word, Excel, PowerPoint, and Outlook) are required.
• Knowledge of other business-related software is an added advantage.

Academic Qualifications

MINIMUM QUALIFICATIONS AND EXPERIENCE:

• Bachelor’s Degree or Equivalent in Insurance/Actuarial Science or /relevant field.
• Minimum of 3 Years of relevant work experience in Underwriting field in the Insurance and/or Reinsurance industry.
• Additional professional qualifications in insurance and working knowledge in French language shall be an added advantage.
• Relevant Working Exposure in a Multicultural Environment will be an added advantage.