Reinsurance Supervisor at Madison Group Limited

Job Description

Madison General Insurance Kenya Limited, a subsidiary of Madison Group and a leading provider of general insurance products throughout Kenya, is recruiting for the above position.

Key Responsibilities:

• Processing of statutory returns.
• Process and negotiate treaty renewals for both general and medical then liaising with Treaty leader and documenting the agreed terms on Treaties with Reinsurers i.e. treaty slips
• Placement of Facultative Out business and ensuring we seek for Facultative In business.
• Preparing each year reinsurance programme and circulating to claims, underwriting, marketing and finance.
• Preparing of treaty accounts i.e. quarterly A/c’s, premium Adjustment, Portfolio A/c’s, Profit Commission
• Processing of recoveries from reinsurers both facultative and Excess of loss.
• Notifying reinsurer of cash losses and pursue recovery of the same timely as per treaty terms
• Assist in dealing with routine Treaty and Facultative administration matters and account queries from Reinsurers.
• Set up of new treaties in the system.
• Identify reconciliation items on both treaty and facultative accounts and liase with finance and credit control departments to ensure reconciliation is done
• Engage intermediaries and business partners in order to grow the business
• Assist, advice and support marketing team in all marketing initiatives business acquisition and retention including training and visits.
• Any other task as deemed necessary for the efficient operation of the department.

Skills and Competencies Required

• Sound Technical Underwriting skills
• Intensive and extensive product knowledge
• People Management and overall managerial skills
• Good analytical skills
• Customer service skills
• Good Communication Skills
• Computer Literate with good knowledge of Excel
• Negotiation, influencing and selling skills
• Ability to develop relationships with key business partners
• Open mind to try new ways and alternative approaches of doing things

Academic, Professional and Work Experience required

• Bachelor’s degree in business or related field.
• Completed professional qualification in insurance (IIK)
• Minimum 5 years of experience in Reinsurance