Senior Life Underwriting Officer at African Reinsurance Corporation

The Senior Life Underwriting Officer would be responsible for managing a portfolio of accounts (treaties and facultative) for cedants in Anglophone West Africa. 

The post is at the Local Professional Staff category with possibilities of advancement in the organizational chart of the Corporation. Reporting directly to the Assistant Director, Underwriting & Marketing (Life Operations), the successful candidate would have the direct responsibilities of underwriting and development of the assigned portfolio.

As such, the duties of the Senior Life Underwriting Officer shall comprise:

• Soliciting and negotiating for new and renewal of Reinsurance contracts
• Portfolio management and business relations
• Monitoring premium and claims payments
• Insurance Risk selection and assessment
• Assessment and Rating of Life Insurance risks
• Managing cedant relationships
• Compile Performance Progress report
• Monitoring the profitability of markets serviced and progress towards the achievement of corporate objectives in the assigned markets
• Assist the Life Underwriting Unit in coordinating activities of the Unit.
• Perform underwriting support activities associated with information gathering of all businesses, renewals, and mid-term changes.
• Manage Policy cessions in the system
• Manage Life Reinsurance Contract details in the system
• Renewal of contracts in the system
• Recording, verifying, and processing statements received from cedants, including premium closings, monthly or quarterly accounts, CAT excess of loss premiums, etc.
• Preparing renewal notices for facultative businesses and forwarding the same to cedants upon approval
• Maintain Proper records of all business offers and transactions received and concluded
• Ensure that all the treaties/facultative contracts are processed and the cover notes/slips/wordings signed and sent out to cedants as and when due
• Attending to client inquiries, social and business functions, and other related activities for overall marketing effectiveness.
• Assisting the finance team in the reconciliation exercise of cedants’ accounts and following up on outstanding amounts due from cedants, while also ensuring timely remittance of amounts due to Africa Re.
• Any other duties that may be required or assigned by the Management 

MINIMUM QUALIFICATIONS AND EXPERIENCE:

• Bachelor’s Degree or Equivalent in Insurance/Actuarial Science or /relevant field
• Minimum of 8 – 10 years of relevant work experience in Life Underwriting or Claims or Reinsurance in the Insurance and/or Reinsurance industry.
• Professional qualifications in insurance
• Relevant Working Exposure in a Multicultural Environment will also be an added advantage.