Reinsurance Analyst
Job Summary
The role holder will be responsible for assisting the Reinsurance Manager in executing the Reinsurance Strategy, including the arrangement of a business-enabling reinsurance program and the facilitation of its efficient utilization in line with the Company’s goals and objectives.
Key Responsibilities
- Assist in processing of all Reinsurance returns, Accounts, Reconciliations and payments within set timelines.
- Ensure prompt recovery of balances due from Reinsurers
- Efficient reinsurance related claims administration and proper management of reinsurance related accounts
- Assist in preparing various performance statistics for reinsurance renewal, review of Reinsurance Program profitability and all pre and post renewal reinsurance processes
- Ensure all IRA deadlines are adhered to
- Timely preparation of reports for presentation to management for proper decision making
- Embrace governance requirements with respect to KYC/AML/Data protection requirements per governing Acts.
Qualifications
- Bachelor’s Degree in Insurance, Finance, Accounting, Economics or Related Discipline
- Progress towards Diploma in Insurance (ACII or AIIK), (at least 3 papers or training in Reinsurance)
Experience
- 2 years with working knowledge of Reinsurance and/or Accounts
Competencies
- Knowledge of reinsurance treaty, facultative wording and reinsurance slips
- Knowledge of insurance and accounting concepts
- Knowledge of underwriting and claims processes and procedures
- Technical competence in underwriting insurance risks
- Knowledge of insurance regulatory requirements
- Analytical, Process and Results oriented
- Following instructions and procedures
- Coping with pressures and setbacks
- Relating and networking
- Working with people
- Presenting and communicating information
- Achieving personal work goals and objectives