• Jobs at WAICA Reinsurance Corporation Plc

  • Posted on: 9 August, 2011 Deadline: 20 August, 2011
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  • The organisation is seeking to employ the following persons who will work primarily at the head office in Freetown, Sierra leone but will also be responsible for oversight and supervision of other offices around Africa. Both Officers will report directly to the Chief Executive Officer of the organisation.
     
    CHIEF ACCOUNTANT(Head of Finance & Administration)

    The Head of Finance and Administration will provide overall strategic and operational leadership of all financial and administrative functions. The administrative functions are assumed to include human resources management, procurement, information and communications technology, administration and maintenance.

    Key Responsibilities will include amongst others:
    •Prepare and distribute timely and accurate financial information and ceding statements in conformity with statutory principles and   regulations.
    • Prepare, reconcile and analyze reinsurance statements at a client and entity level.
    • Monitor the reconciliation of items and ensure that action plans are in place to resolve any issue.
    • Proactively identify and implement process improvements and operational efficiencies.
    • Develop and maintain process documentation.
    • Prepare reports for ad hoc requests from internal and external business partners.
    • Support periodic statutory audit reviews: External Audit and Internal Audit.
    • Contract review and system and file set up in compliance with contract terms.
    • Prepare and process monthly and Quarterly journal entries and reconciliations.
    • Developing and maintaining good client relations with internal and external clients.
    • Prepare and document client analysis on a monthly, Quarterly and annual basis.Reporting to the appropriate regulatory authorities.
    • Maintain efficient and cost effective processes.
    • Prepare financial reports to be used by management and the Board of Directors.
    • Prepare annual financial statements.
    • Preparation of annual budget.
    • To ensure that the Human Resource policy as approved by the Board is effectively and efficiently implemented
    • To maintain an efficient administrative system that will make for the smooth operations of the organisation.
    • Execute the company's procurement activities in line with laid down policy.
    • Ensure that procurement activities are conducted in a timely and efficient manner taking cognizance of the impact on business effectiveness.
    • Take primary responsibility for the implementation of the information and communications technology policy.
    • Ensure that the company's website is updated and maintained on a regular basis
    • Ensure that all ICT equipment and systems' are in good order.
    • Liaise with external service providers in ensuring that all equipment and systems are in good order.
    • Any other tasks as may be assigned by the Chief Executive Officer.
     
      Qualifications/Required Skills/Experience

    •             Bachelors degree in Accounting.
    •             Professional Qualification in Accounting.
    •             At least 10 years post qualification related experience with not less than 5 years at the senior management level.
    •             Good understanding of Insurance and Reinsurance accounting and reporting concepts under GAAP.
    •             Proficient in word processing and spreadsheet software.
    •             Good organizational skills.
    •             Strong problem solving and analytical skills.
    •             Ability to expertly utilize technology to enhance efficiencies.
    •             Excellent interpersonal and communication skills to interact with diverse audiences.
    •             Work experience in a high energy, fast paced team focused environment.


    CHIEF UNDERWRITER (Head of Technical Operations)
    The successful candidate will provide overall strategic and operational leadership of all reinsurance business both inward and outward and will take overall responsibility for all aspects of the company's technical operations.
     
      Key responsibilities will include amongst others:
    •             Set up a dynamic technical department/structure for the company.
    •             Head Technical Operations of the entity/technical committee of the management.
    •             To develop Underwriting Policy/Manual.
    •             Take sound Underwriting decisions in the best interest of the corporation.
    •             Arrange Reinsurance and Retrocession programmes for the Corporation.
    •             Acceptance of new business for the Corporation (treaty and facultative).
    •             Rating of Treaty/Treaty Negotiation/Quotations.
    •             Design appropriate reinsurance programme for the Cedants,
    •             Arrange and facilitate the training programmes for the Corporation (Cedants and Technical Staff).
    •             Supervise the preparation of reinsurance technical accounts/annual accounts.
    •             Prepare treaty wordings/agreement/addendum.
    •             Adequate knowledge of Claims processing and settlement/documentation.
    •             Provide vision, leadership & direction for the department.
    •             Identify, seek and place reinsurance business with reinsurers in the sub region and elsewhere.
    •             Determine a measurable Action Plan and ongoing strategy for the department
    •             Monitor department performance.
    •             Ensure effective, efficient and economic use of human, financial and physical resource in the department.
    •             Engage constructively with other relevant organizations and agencies locally and internationally.
    •             Any other duties that the Chief Executive Officer may assign to him/her.
     
     
    Qualifications/Required Skills/Experience
    •             Bachelors degree in any social science.
    •             ACII qualification or its recognized equivalent.
    •             An MBA in a relevant field will be an added advantage.
    •             10 years post qualification experience with not less than 5 years at the senior management level.
    •             Good team spirit.
    •             Good organizational skills.
    •             Ability to expertly utilize technology to enhance efficiencies.
    •             Excellent interpersonal and communication skills to interact with diverse audiences.
    •             Work experience in a high energy, fast paced team focused environment.
    •             Good knowledge of the African Insurance market.

    Method of Application

    Interested applicants, who must be between the ages of 40 and 50 years, must send their signed applications with a passport photosize photo on or before 20th August, 2011 to;
    Email: applications@waicare.com
    info@waica.org
    waica@africaonline.com.gh
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