Assistant Underwriting Officer at the African Reinsurance Corporation (Africa Re) - 2 Openings

The African Reinsurance Corporation (Africa Re) is the leading African reinsurance company with headquarters in Lagos (Nigeria). Africa Re has six regional offices: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation equally has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and one Local Office in Addis Ababa (Ethiopia).

Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 114 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers. The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A–by Standard & Poor’s.

We hereby announce the vacancy for the position below in our Lagos, West Africa Regional Office:

Job Title: Assistant Underwriting Officer

Location: Lagos
Slot: 2 Openings

Responsibilities

• The Assistant Underwriting Officers support underwriters in daily activities (processing) that provide services to customers.

Duties / Job Details
The duties of the Assistant Underwriting Officers shall comprise amongst others:

• Perform underwriting support activities associated with information gathering of all businesses, renewals, and mid-term changes on behalf of the Underwriter.
• Prepare renewal and new business quotations proposals to cedants and brokers
• Maintain Proper records of all businesses offers and transactions received and concluded
• Working directly with Underwriters to help manage and support their renewal and new business book
• Ensure that all the treaties/facultative contracts are processed and the cover notes / slips / wordings signed and sent out to cedants and brokers
• Attending to client enquiries, social and business functions and other related activities for overall marketing effectiveness
• Assisting the finance team in viewing the reconciliation of cedant and broker accounts and chasing outstanding amounts due from them while also ensuring timely remittance of amount due to them.
• Any other duties that may be required or assigned

Qualifications and Experience

• First University Degree in relevant field;
• 2 Years of relevant work experience in Underwriting or Claims fields in the Insurance and/or Reinsurance industry.
• Additional professional qualifications in insurance and working knowledge in French language shall be an added advantage.

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Grade Level SS2
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and recognized dependents;
• Transport Allowance
• Housing Allowance
• Inflation Adjustment allowance that may increase or decrease depending on the economic situation and inflation.

Application Closing Date
31st January, 2020.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note: Africa-Re is an equal opportunity employer and offers good working environment commensurate with international organizations.