Underwriting Officer at African Reinsurance Corporation

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

The incumbent will carry out the following functions:

Perform underwriting support activities associated with information gathering of all businesses, renewals, and mid-term portfolio review on behalf of the Underwriter.

• Support the underwriters in preparation of renewal and new business quotations proposals to cedants and brokers
•  Maintain Proper records of all businesses offers and transactions received and concluded
• Working directly with Underwriters to help manage and support their renewal and new business book.
• Update the treaty wording during and immediately after the annual treaty renewals.
• Ensure that the cover notes/slips/wordings signed are sent out to cedants and brokers promptly.
• Ensure that all treaty contracts assigned are renewed in the reinsurance system,
• Ensure that all M&DP are processed for all Non-Proportional treaties in the reinsurance system
• Attending to client enquiries, social and business functions and other related activities for overall marketing effectiveness.
• Assist Underwriter in the review of risk referral for approval/special acceptance.
• Ensure that cedants submit relevant underwriting information for risk review and pricing by the Underwriter.
• Liaising with brokers/cedants to ensure that annual accounts/statements such as premium adjustments, commission adjustments, loss participation, portfolio adjustments are rendered promptly and appropriately for both proportional and non-proportional treaties
• Review of quarterly statements and premium/claims bordereau.
• Issuance of debit/credit note as appropriate.
• Follow up with broker/cedants to ensure prompt payment of premium due to Africa Re.
• Generation of monthly production report and other reports that may be required from time to time.
• Assisting the finance team in the reconciliation of cedant and broker accounts and chasing outstanding amounts due from them.
• Any other duties that may be assigned.
• Applicants must also be Nationals of member States of Africa Re

MINIMUM QUALIFICATIONS AND EXPERIENCE

• Bachelor’s Degree or Equivalent in Insurance/Actuarial Science or /relevant field
• Minimum of 8 Years of relevant work experience in Underwriting, Technical Accounting or Claims fields 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.