Reinsurance Manager at a Leading Insurance Company - TeraWork

TeraWork - Our client, a Leading Insurance Company is recruiting to fill the position below:

Job Title: Reinsurance Manager

Location: Lagos
Employment Type: Full-time

Responsibilities

• Manage all communications related to reinsurance, ensuring accuracy and compliance with
  industry standards.
• Oversee the placement of facultative reinsurance for both inward and outward coverage.
• Coordinate the recovery process for facultative outward claims, ensuring timely and accurate
  settlements.
• Prepare and submit quarterly returns for treaty reinsurance arrangements.
• Manage the recovery of cash calls associated with treaty reinsurance agreements.
• Lead the annual arrangement and negotiation of treaty reinsurance agreements.
• Ensure the timely and accurate submission of yearly treaty documentation to the National
  Insurance Commission (NAICOM).
• Maintain and reconcile bordereaux for outstanding treaty claims.
• Manage and analyze bordereaux for paid losses under treaty reinsurance.
• Oversee the technical accounting aspects of reinsurance, ensuring accuracy and compliance.
• Prepare and submit quarterly returns to NAICOM, ensuring adherence to regulatory
  requirements.
• Conduct an in-depth analysis of the company's reinsurance portfolio to assess the effectiveness
  of coverage.

Requirements

• BSc / HND in Insurance and other related field.
• Minimum of 10 years of experience in reinsurance.
• ACII Certification is a plus.
• Possess a deep understanding of the legal and regulatory framework governing insurance
  business.
• Demonstrate comprehensive knowledge of general insurance principles and best practices.
• Proficient in underwriting management and claims processing within the reinsurance
  context.
• Utilize IT applications effectively in managing reinsurance processes.
• Proficiency in Microsoft Office.
• Excellent communication and interpersonal skills with the ability to collaborate effectively
  across different teams and levels of the company.

Salary
N400,000 monthly. 

Application Closing Date
23rd April, 2024.

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