Reinsurance Officer at Phillips Outsourcing Limited

Phillips Outsourcing Limited has been in existence for over 16 years. We have a vast experience in the outsourcing business as we currently manage resources for major clients in all sectors of the Nigerian economy. In addition, our prolific manpower cuts across the 36 states in Nigeria. After successfully gaining ground in all the 36 states of the federation, we are gradually spreading our tentacles to other African Nations. We are currently registered to also do business in Ghana. Our framework is developed to fully support the businesses of our clients, ensuring continuous improvement of the outsourced services. This ultimately thrusts our clients to achieve their business objectives.

We are recruiting to fill the position below:

Job Title: Reinsurance Officer

Location: Lagos

Responsibilities

• Responsible for the analysis of risks for the purpose of business acceptance
• Analyze insurance risks for the purpose of ascertaining the company’s exposure and facilitating reinsurance placement where necessary
• Verification of all risks captured by Underwriters to ensure that all risks are properly treated
• Preparing offer slips and credit advice to Reinsurer
• Liaise and negotiate with Reinsurer on acceptance of the offered risk
• Ensuring that these risks are adequately reinsured
• Liaising with the Underwriting units to ascertain receipt of premium on risk so as to process premium to reinsurers on facultative outward placement.
• Responsible for the payment of premium on Treaty returns.
• Reconciliation of books with Insurance companies on facultative acceptances.
• Handling claim recoverable from Reinsurers by notifying them.

Requirements

• Minimum of a Bachelor’s Degree in Insurance, Actuarial Science or a related field.
• Minimum of three (3) years relevant experience in an insurance firm
• Should have started writing the Chartered Insurance Institute examination (CIIN).
• Tact and understanding when dealing with claimants.
• Ability to show impartiality and zeal to maintain integrity.
• Proficient in the use of Microsoft Office.

Application Closing Date
5th February, 2025.

How to Apply
Interested and qualified candidates should send their Applications to: recruitment@phillipsoutsourcing.net using the Job Title as the subject of the mail.