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.
To strengthen the control function in the corporation to ensure the effectiveness of the corporation’s internal control and also to provide technical assistance to the production centres by the way of carrying out risk surveys and providing quotations for Engineering risks.
Job Details / Duties
Under the guidance of the Director of Central Operations & Special Risks, the key functions of the successful candidate will include but not limited to:
Monitor the monthly reports of each Production centre
Propose and implement the annual audit plan
Produce technical inspection audit reports
Follow-up the audit issues,
Assist the Production centres in improving their production tools including, the underwriting manual, contract wordings, rates and reports.
Monitor claims reserving and Reserve adequacy.
Provide technical assistance to production centres.
Carry out risk surveys and assessment on the request of the production centres.
Provide quotations for Engineering risks at the request of the production centres
Assist production centres in the handling of complex claims.
Attend to any other duties as may be assigned by the supervisors.
Qualifications and Professional Experience
Applicants shall be holders of:
First University degree in the Engineering field (Civil/Construction, Mechanical, Electro-mechanical, etc.), plus Masters, plus 5 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both Treaty and Fac); reinsurance pricing ; claims management, risk survey and assessment.
Or
First University degree in the Engineering field (Civil/Construction, Mechanic, Electro-mechanic, etc.), plus full professional qualification, plus 9 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both treaty and Fac); reinsurance pricing; claims management, risk survey and assessment.
Or
First University degree in relevant field plus 9 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both treaty and Fac); reinsurance pricing; claims management, risk survey and assessment
A qualification in relevant professional qualifications will be an added advantage.
Main Competencies:
The key competencies required for the role include but not limited to the following:
Advanced knowledge of insurance and reinsurance.
Capacity for technical and professional proficiency, particularly with regard Insurance and reinsurance underwriting as well as risk assessment;
Ability to train cedants and subordinate
Ability to quickly build very good and sustainable relationship with cedants
Capacity to respect confidentiality and professional discretion.
Capacity for taking initiatives and decision;
Good supervisory skills.
Capacity for analyzing, synthesizing and reasoning
Very Good planning & reporting skills.
High Integrity, Rigorous and good sense of responsibility
Ability to work under pressure in a very busy environment.
Excellent computer skills required in Microsoft Office (Word, Excel, PowerPoint, etc.) and Knowledge of any other business-related software will be an added advantage
Good team player with proven leadership and managerial experience
Works collaboratively with colleagues to achieve organizational goals; solicits input and is willing to learn from others
Has the ability to defend and explain difficult issues and positions
Establishes and maintains effective working relationships in a multicultural, multi-ethnic environment
Help improve data quality for all Production centres
Training Production centre staff through sharing lessons learnt.
Salary and Benefits
The successful candidate shall have the following benefits:
Competitive Basic Salary on the Corporation’s PS Grade Level
Variable pay (Annual Performance Bonus)
Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
Housing Allowance
Medical cover for staff and family
Home leave to country of origin every one (1) year paid by the employer - if Non- Nigeria National
Children education subsidy for each child up to 26 years (maximum 4 children)
Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.