Manager, Underwriting at AFRICAN REINSURANCE

RESPONSIBILITIES

• Reporting directly to the Director of Central Operations & Special Risks, the Manager, Underwriting will be responsible for the underwriting of reinsurance treaty and facultative risks,claims management and governance process, and client relations, cedant account management, marketing and sales
• He shall assure that all related aspects of above functions are handled in a professional and ethical manner and as per the Corporation’s policy and guidelines.

DUTIES / JOB DETAILS

• Under the supervision of the Director of Central Operations & Special Risks, the incumbent will carry out the following functions:
• Receiving treaty and facultative referrals from production centres, assessing such referrals and determining whether to recommend them for Management approval, in line with the Corporation’s underwriting policies/guidelines.
• Providing renewal and new business support to underwriters in the production centres in the form of quotations for complex and special risks.
• Provide input into the Corporation’s pricing philosophy, standards, and development of appropriate pricing tools.
• Keeping track of internal performance, portfolio experience, industry developments and innovations in order to propose changes and updates to the Corporation’s underwriting manual and guidelines.
• Reviewing large and complex claim referrals for Management approval by ensuring the adequacy and validity of all claims supporting documentation, including whether they are timely processed to achieve prompt settlement of genuine claims.
• Championing innovation and product development. Reviewing adequacy of the Corporation’s reinsurance policy wordings and updating the same accordingly in close collaboration with relevant colleagues.
• Participating actively in the Corporation’s various ad-hoc committees and special projects as assigned by the supervisor or Executive Management.
• Contributing actively to the Corporation’s opinion leadership on matters of industry importance through journal and press articles, panel discussions and other relevant appearances.
• Participating actively to the generation, storage and effective dissemination of internal technical expertise to ensure that technical operations staff continuously maintain adequate skills necessary to do their jobs.
• Coordinating with the departments of ICT, Risk Management & Compliance and Technical Inspectors to implement measures for assurance of data quality.
• Monitoring the profitability of all product lines in the Corporation and providing the necessary technical and/or advisory support to the production centres in order to assure progress towards the achievement of profitable growth.
• Collaborating with relevant colleagues to realize excellence in internal/market statistics and other relevant information for the Corporation’s strategic and operational use.
• Participating in and supporting the Corporation’s strategic planning process.
• Providing training, advice, and other forms of technical support to both staff and clients on a regular basis as required.
• Managing cedant accounts with the Corporation through monitoring, reconciliation and communication with the cedants’ relevant counterparties
• Maintaining proper records of all business activities and transactions in accordance with the established procedures of the Corporation.
• Attending to other duties as may be assigned by the Corporation through the supervisor/Management from time to time.

Academic Qualifications

MINIMUM QUALIFICATIONS AND EXPERIENCE:

• First University Degree in a relevant field (Insurance, Economics, Statistics/Actuarial, Engineering, Law or other relevant numerate degree) plus a Master’s Degree and 7 Years Post Qualification relevant qualitative work experience with Emphasis on (Re)Insurance Underwriting Management in a (re)insurance company of comparable complexity.

OR

• First University Degree in relevant field (Insurance, Economics, Statistics/Actuarial, Engineering, Law or other relevant numerate degree) plus Full Professional Qualification in (re)insurance (ACII or Equivalent) and 7 Years Post Qualification relevant qualitative work experience with Emphasis on (Re)Insurance Underwriting Management in a (re)insurance company of comparable complexity.

OR

• First University Degree in relevant field (Insurance, Economics, Statistics/Actuarial, Engineering, Law or other relevant numerate degree) plus 10 Years Post Qualification relevant qualitative work experience with Emphasis on (Re)Insurance Underwriting Management in a (re)insurance company of comparable complexity.
• Relevant Professional Qualification (ACII or Equivalent) would be an added advantage.
• A Post Graduate Degree in insurance would be an added advantage.
• Relevant Work Experience in a Reinsurance company would be an added advantage.
• Relevant Working Exposure in a Multicultural Environment will be an added advantage.