Assistant Manager, Life Department at WAICA Reinsurance Corporation Plc

WAICA Reinsurance Corporation Plc is one of the fastest growing reinsurance companies in Africa. WAICA Re is headquartered in Freetown (Sierra Leone) and operates through four (4) Regional Offices across Africa namely Lagos (Nigeria), Accra (Ghana), Abidjan (Côte d’Ivoire) and Tunis (Tunisia). It also has three (4) Subsidiary Companies namely, WAICA Re Zimbabwe Limited in Harare (Zimbabwe), WAICA Re Kenya in Nairobi (Kenya) and investments company namely WAICA Capital, Accra (Ghana) and WAICA Re (United Kingdom).

WAICA Re is rated by A.M. Best with a Financial Strength Rating of B+ and a long-term
Issuer Credit rating of “bbb-” with a stable outlook.

We are recruiting to fill the position below:

Job Title: Assistant Manager, Life Department

Location: Lagos

Duties and Responsibilities

• Assisting the Head Life to maximize profits with prudent underwriting measures through developing sales strategies that matches customer requirements and promoting life assurance Reassurance products and services.
• Liaising with the Head Life to identify new production opportunities through research of new and existing markets and product design.
• Identify Life training underwriting needs, claim administration and reassurance and technical support for cedants.
• Conduct life trainings in all our regions of operation and beyond.
• Responsible for the design of life promotional activities in our operational countries.
• Responsible for new and renewal premium in the company on assigned life accounts.
• Data Management of life schemes.
• Assist in the formulation of life underwriting manual for underwriting and claim administration.
• Evaluating and analyzing the risks involved in reassuring lives and establishing pricing for accepted assurable life risks to determine the likelihood and magnitude of mortality and morbidity risks for all the reassuring schemes.
• Verification of all life reassurance underwriting documentation with a standard premium obtainable by best practice.
• Implementation of all work processes within the specified time frame.
• Reassurance premium quotation on standard, or sub-standard lives with relevant loadings on mortality related risks.
• Rendition of statutory retro returns as at when due.
• Ensuring the attainment of the collection KPI for assigned accounts.
• Liaising with the Finance department to ensure that claims processing is done accurately and settled in a timely manner.
• Formulates all necessary reports as requested by Head Life to aide decision making.
• Command of the Life Reinsurance system including but not limited to keeping records of business offered, declined and accepted in the Life software.

Qualifications

• A Degree in Insurance or a related field
• Professional qualifications
• CII

Experience:

• At least 8 years’ experience in Life insurance of which 4 years are at Managerial level.
• Knowledge of Life Underwriting is a must.
• Experience of data management and producing Management Information relative to both Life information using a software.
• Experience with a Reinsurance company in the Life department is an added advantage.
• Ability to speak both French and English shall be an added advantage.
• Fair Medical examination and interpretation of medical report.

Competencies:

• Good analytical skills
• Excellent interpersonal skills
• Working knowledge of MS Office
• Excellent oral and written communication skills
• Ability to work under minimal supervision
• Ability to work and meet deadlines
• Proactive and result oriented.

Application Closing Date
25th April, 2023.

Method of Application
Interested and qualified candidates should send their Application Letters and CV to: vacancies@waicare.com using the Job Title as the subject of the email.