Reinsurance Specialist at Old Mutual Plc

Job Description

• Ensuring that the company is not unduly exposed by analyzing risks in various portfolios and managing on facultative basis where applicable. Also preparing and rendering of returns to the re-insurers periodically.

DESCRIPTOR

• Analyse risk in all portfolio and recommend for facultative placement.
• Review and acceptance of Facultative inward transactions.
• Referral of risk to the Re insurers.
• Compilation and processing of quarterly returns.
• Preparation of renewal documentations.
• Follow up on Reinsurance claims recovery.

KEY RESULT AREAS

Quality Assurance:

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

Operational Efficiency:

• Often consulted for system enhancements and testing.

Documentation Processing:

• Functions as a subject matter expert in a specific field of administration / product / process.
• Often acts as a point of escalation for matters with higher level of complexity than those handled by Administrators.
• Resolves technical and complex problems, especially in support of administrative queries/issues.
• Applies specialist knowledge in a focused role working with relatively complex information.

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.

REQUIRED QUALIFICATION, SKILLS, & EXPERIENCE

• A first degree or its equivalent from a recognised tertiary institution
• A good understanding of insurance and re-insurance
• Excellent communication skills (verbal and written)
• Must be highly detail oriented
• Good knowledge of MS Office (MS Word, MS Excel, MS PowerPoint)
• Minimum of 3 - 5 years experience in a similar role

Skills

Education

• Bachelor of Science (BSc) (Required)