Reinsurance Manager at Jubilee Insurance

Job Ref. No: JHIL068

Role Purpose

The job holder shall implement the company’s reinsurance program based on overall company’s objectives, underwriting and reinsurance philosophy and manage expectations of all reinsurance stakeholders.

Main Responsibilities

• Spearhead the design, negotiation, and renewal of reinsurance treaties in line with the business needs and regulatory guidelines.
• Communicating with clients, brokers, intermediaries, and other stakeholders to provide information on reinsurance policies and procedures.
• Design and implement an optimal reinsurance program for the all the group business entities.
• Providing technical guidance on business evaluation and acceptance in line with the reinsurance program, good underwriting practice and underwriting capacity
• Crafting, implementation and review of reinsurance strategy, policy, and guidelines in line with business strategy and various regulatory requirements
• Ensure timely collection of premiums & timely remittance to reinsurance partners.
• Ensure that all risks accepted are properly reinsured in line with the reissuance contracts in place and the company reinsurance strategy document.
• Regular review of the reinsurance premium register to ensure risks are ceded optimally and in line with the reinsurance arrangements in place.
• Ensure timely facultative placement of any risks beyond company’s capacity with approved securities.
• Seek for competitive terms and special acceptance for treaty excluded risks from the reinsurers either directly or through reinsurance brokers.
• Ensure compliance with internal and statutory requirements governing risks placements and timely reinsurance data submission to the IRA.
• Prepare reinsurance underwriting and claims statistics on a regular basis.
• Ensure timely preparation and submission of reinsurance periodical returns in line with treaty terms and conditions.
• Collaborating with other departments to ensure overall company profitability.

Key Competencies

• Customer Service
• Leadership Skills
• Interpersonal Skills
• Good analytical skills
• Ability to communicate effectively.
• Good understanding of Medical Insurance products
• Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation.

Qualifications

• A Bachelor’s degree in a Business-related course (Risk Management, Insurance, Actuarial)
• ACII or AIIK insurance qualification
• Proficient in the use of Microsoft Office Suite and packages

Relevant Experience

• Must have a minimum of 5 years’ experience in the Reinsurance field.