Jobs At AFRICAN REINSURANCE CORPORATION

Job Details

This position is for a Treaty & Facultative Underwriter who will manage a portfolio of accounts (treaties and facultative) of cedants in West Africa (Anglophone Countries).

Grade and Duties

• The post is a PS3 grade with possibilities of advancement in the Organizational chart and the Corporation.
• Reporting directly to the Regional Director, the successful candidate will manage the business relationship with assigned cedants and brokers in order to achieve profitability, liquidity, business growth and customer satisfaction on a sustainable basis.

As such the duties of the Underwriter shall comprise amongst others:

ï‚· Negotiation and renewal of contracts;
ï‚· Portfolio management and business relations;
ï‚· Monitoring premium and claims payments;
ï‚· Visiting Clients;
ï‚· Progress reports;
ï‚· Training (internal and external).

Location

The successful candidate shall be based in Lagos (Nigeria) with the possibility of redeployment to a Production Centre within the Africa Re Group.

Main Competencies required for this position

- Very strong technical knowledge (underwriting and claims handling);
- Good knowledge of insurance classes, reinsurance and retrocession;
- Very Good reporting skills;
- Good supervisory skills;
- Ability to quickly build very good and sustainable relationship with cedants;
- Very good skills in business software: Office package and RMS.

Competencies - Behavioral

- Capacity for analyzing and reasoning;
- Capacity for planning;
- Ability to train cedants and subordinates;
- Capacity to take initiatives and decisions;
- Ability to foster cordial relationship with cedants and colleagues;
- Should be of high Integrity and have good sense of responsibility;
- Should be fluent in English (spoken and written). A good knowledge of a second language (French) shall be an added       advantage.

Qualifications & Professional Experience

This position is a PS 3 grade and applicants shall be holders of:

ï‚· First University degree in relevant field plus Masters plus 7 years post qualification relevant qualitative work experience ;
Or
ï‚· First University degree in relevant field plus full professional qualification plus 10 years post qualification relevant qualitative work experience;
Or
ï‚· First University degree in relevant field plus 11 years post qualification relevant qualitative work experience;
ï‚· A post graduate degree in insurance would be an added advantage, plus relevant work experience in a Reinsurance company or in the department of reinsurance of an insurance company.
ï‚· Actuaries, Engineers and FCII with more than 10 years’ experience would have a strong advantage

Benefits & Salary

ï‚· The successful candidate shall have the following benefits:
ï‚· Competitive basic salary; (USD70,895 - USD84,804)
ï‚· Exemption from taxes and duties (diplomatic status of an international civil servant);
ï‚· 75% medical cover for staff and family;
ï‚· Education allowance for each child up to 26 years (maximum 4 children);
ï‚· Duty Post Differential that may increase or decrease depending on the economic situation (presently 20% of basic salary in Lagos, paid in local currency);
ï‚· Home leave to country of origin every two years paid by the employer;
ï‚· Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer).