Job Description

The principal responsibility is to ensure that the employee satisfies its obligation by handling all the required reinsurance tasks promptly, such as but not limited to the following:

• Ensure timely and professional handling of all administrative aspects of facultative & treaty operations including the exchange of correspondence with reinsurers and reinsurance brokers and follow-up on the receipt of counter-signed slips.
• To efficiently and effectively manage the FAC RI placements, preparing closings in time, subsequent updating of any endorsement/s to fac participant and filing and documentations
• Coordinate with Underwriting, Claims Finance/Accounts and IT Depts. for proper execution of reinsurance functions of the company, including arranging, submission and settlement of balances due to/by reinsurers.
• Advise loss notification to Facultative reinsurers in timely manner (if any)
• Answer to queries raised by underwriters, brokers and reinsurers as appropriate and follow up the pending issues.
• Ensure timely reporting and settlement of RI balances for all products (Individual Life, Group Life, & Credit Life).
• Responsible to follow up on the inward reinsurance business process (policy issuance, reporting, premium collection, settlement, RI slip,…)
• Handle all treaties maintenance processes and renewal
• Handle and follow up all claims recoveries
• Monitor and update rating records of all reinsurers.
• Prepare/Generate various reports
• Ensure complying with local laws and regulation.

Education:

• Bachelor’s Degree

Experience:

• Minimum 3 years’ experience in insurance

Personal Attributes / Skills:

• Analytical skills – mathematical & statistical
• Attention to detail
• IT skills
• Negotiation and interpersonal skills
• Planning and Organizing skills
• Report writing skills