Reinsurance Administration Specialist at Old Mutual Plc

Individually accountable to performing routine reinsurance administrative duties while ensuring reinsurance information are recorded accurately. A Reinsurance Administrator specialist is fully multi-skilled across products & processes, and has extensive relevant experience.

Descriptor

• Follows standardised processes and provides administrative support in line with normal business functioning.
• Delivers on daily operational standards and adheres to service and quality standards.
• Provides an indirect service to customers and intermediaries.
• Responds to immediate requirements within procedure.
• Uses standard administrative techniques to coordinate own work.
• Product and process knowledge in different areas may differ but basic skills remain the same.
• Fully multi-skilled across products and processes.
• Has extensive, relevant experience.

Key Result Areas

Documentation Processing:

• Efficient management of Facultative inward portfolio.
• Monitor the company’s risk portfolios, analyse and recommend risks for facultative outward placements.
• Debiting and processing of facultative outwards payment.
• Prepare and render quarterly treaty returns.
• Prepare and review paid & outstanding loss bordereaux for making reinsurance recoveries/recoverable.
• Prepare and interpret various reinsurance statistics.
• Ensure timely delivery of regulatory returns.
• Follows standardized processes and provides administrative support in line with normal business functioning.
• Weekly and monthly reporting.
• Uses standard administrative techniques to coordinate own work.
• Prepare meeting reports/ presentations.
• Interface with the other departments.

Personal Effectiveness:

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks and output quality for periods of 1 day to a maximum of 3 months.
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal results.
• Accepts and lives the company values.

Quality Assurance:

• Performs quality checks on own work.
• Adheres to service and quality standards

Qualifications and Experience

• A first degree or its equivalent.
• Good Analytical skills.
• Technical/insurance product knowledge and relevant experience would be an added advantage.
• Good knowledge of Microsoft office suite