Re-Insurance Officer at a Leading Insurance Firm - Dunn and Braxton Limited

Dunn and Braxton Limited - Our client is one of the leading Insurance firms in Nigeria with location across different states in Nigeria. They provide life insurance business and non-life Insurance business services to Organizations and Private individuals.

They are recruiting to fill the position below:

Job Title: Re-Insurance Officer

Location: Lagos
Employment Type: Full-time

Job Description

• The Company is seeking to hire a Re-Insurance Officer who will among other things look after the various reinsurance arrangements and assist in implementation of the company’s reinsurance program based on overall company’s objectives.

Key Responsibilities

• Perform on reinsurance monthly, quarterly and yearly closing process.
• Ensure general ledger shows all accounting transactions for given period and reconciliations are conducted.
• Prepare monthly or quarterly journal entries relevant to reinsurance.
• Evaluate and process utmost complicated domestic as well as international reinsurance unspecified treaty accounts.
• Review profit commissions accounts and adjust retrospective premium.
• Perform calculation of unjustified premium and audit related treaty provisions following treaty terms.
• Collaborate with accounts statements rendered by cedant.
• Recommend management on implicit and ceded reinsurance account along with policies and processing claims.
• Supervise and confirm all security actions involving letters of credit, funds withheld and trusts.
• Ensure to correctly maintain all account complying with agreements terms.
• Conduct balances recovery on complicated reinsurance accounts through working with brokers and reinsurers.
• Develop and maintain relations with collections unit to search and resolve complicated settlement issues.
• Identify key changes in losses incurred and leftover balance loss reserves.
• Prepare reinsurance analysis reports for management review.
• Develop financial illustrations for various pooling and captive arrangements.

Key Requirements

• Good First Degree in Insurance, Accounting or any relevant field.
• Minimum of 2 years’ Cognate experience as a Re-Insurance Officer or similar role.
• Proficiency in the use of Microsoft Office.
• Good business writing and communication skills.
• Excellent team management skills.
• Strong attention to details.
• Willingness to learn on the job.
• Excellent customer service skills.
• Ability to work with minimal supervision and pay attention to details.

Compensation
NGN 82,000.00 / Month Net

Application Closing Date
29th December, 2022.