Reinsurance Manager at Innovate General Insurance

To effectively and efficiently plan, organize, coordinate and control the reinsurance requirements for the Company.

DUTIES AND RESPONSIBILITIES

• Analyses the company’s risk portfolios presented by primary underwriters and determine risks retention levels for the company.
• Plans the company’s reinsurance programme to ensure timely negotiations of both treaty and facultative reinsurance with reinsurers and brokers.
• Verifies details of claims on the company and submits them to the reinsurers to ensure that they meet their obligations promptly.
• Negotiates and updates changes or amendments to treaty and facultative agreements approved by company management.
• Verifies a variety of reinsurance accounts and liaises with Finance Department for remittance or reinsurance premiums in accordance with the contract requirements.
• Markets and accepts inward reinsurance business for the company and secures the appropriate reinsurance protection for the business.
• Reviews working relationships with and competence of the reinsurers and reinsurance brokers advising management on the need to continue the relationships.
• Monitors and implements the department’s annual revenue and expenditure budgets to ensure that reinsurance requirements are adequately funded and controls expenditure within budget.
• To liaise with the reinsurers and brokers with the view of securing technical assistance in underwriting and claims handling management.

SKILLS

• Analytical ability
• Numerical skills
• Verbal and written communication skills
• Very good interpersonal skills
• Negotiation skills

QUALIFICATIONS

• Degree in Business related studies
• Diploma /degree in insurance
• At least five years working experience in insurance 2 years of which should be in reinsurance

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