Underwriting Officer at African Reinsurance Corporation (Africa Re)

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.

We are recruiting to fill the position below:

Job Title: Underwriting Officer

Location: Lagos, Nigeria
Job type: Full-time
Job Grade & Duties: Support Staff category

Duties / Job Details
The incumbent will carry out the following functions:

• Perform underwriting support activities associated with information gathering of all businesses, renewals, and mid-term portfolio review on behalf of the Underwriter.
• Support the underwriters in preparation of renewal and new business quotations proposals to cedants and brokers
• Maintain Proper records of all businesses offers and transactions received and concluded
• Working directly with Underwriters to help manage and support their renewal and new business book.
• Update the treaty wording during and immediately after the annual treaty renewals.
• Ensure that the cover notes/slips/wordings signed are sent out to cedants and brokers promptly.
• Ensure that all treaty contracts assigned are renewed in the reinsurance system,
• Ensure that all M&DP are processed for all Non-Proportional treaties in the reinsurance system
• Attending to client enquiries, social and business functions and other related activities for overall marketing effectiveness.
• Assist Underwriter in the review of risk referral for approval/special acceptance.
• Ensure that cedants submit relevant underwriting information for risk review and pricing by the Underwriter.
• Liaising with brokers/cedants to ensure that annual accounts/statements such as premium adjustments, commission adjustments, loss participation, portfolio adjustments are rendered promptly and appropriately for both proportional and non-proportional treaties
• Review of quarterly statements and premium/claims bordereau.
• Issuance of debit/credit note as appropriate.
• Follow up with broker/cedants to ensure prompt payment of premium due to Africa Re.
• Generation of monthly production report and other reports that may be required from time to time.
• Assisting the finance team in the reconciliation of cedant and broker accounts and chasing outstanding amounts due from them.
• Any other duties that may be assigned.
• Applicants must also be Nationals of member States of Africa Re.

Academic Qualifications
Minimum Qualifications and Experience

• Bachelor’s Degree or equivalent in Insurance/Actuarial Science or /relevant field
• Minimum of 5 years of relevant work experience in Underwriting, Technical Accounting or Claims fields in the Insurance and/or Reinsurance industry.
• Additional professional qualifications in insurance and working knowledge in French language shall be an added advantage.
• Relevant Working Exposure in a Multicultural Environment will be an added advantage.

Main Competencies:
Competencies and Additional Requirements:

• Good underwriting skills in property and casualty lines of business;
• Good knowledge of appropriate insurance and reinsurance principles and practice;
• Good industry knowledge;
• Ability to quickly build good and sustainable relationship and effectively interact with internal and external business partners;
• Good oral and written communication, including Presentation skills;
• Strong interpersonal skills, detailed oriented and customer service focused
• Analytical and problem solving skills, with the ability to manage and prioritize multiple tasks;
• Ability to work with less supervision;
• Willingness to learn and work long hours.
• Ability to multitask and manage change.
• Works collaboratively with colleagues to achieve organizational goals; solicits input and is willing to learn from others.
• Establish and maintains effective working relationships in a multicultural, multi-ethnic environment.
• Good planning and reporting skills;
• Organization and time management skills;
• Discipline, reliable, with high Integrity;
• Ability to work under pressure and to adapt to a changing environment;
• Excellent skills in MS Office (Word, Excel, PowerPoint, and Outlook) are required Knowledge of other business-related software such as Sics will be an added advantage.

Additional Requirements:
Applicants must also be:

• Fluent in English and/or French and having a working knowledge in the second language shall be an added advantage.

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Support Staff 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).
• Children's Education Subsidy for each child up to 26 years (maximum 4 children).
• Medical Cover for staff and family.
• Housing Allowance.
• Dependency Allowance.
• Transport Allowance
• Inflation Adjustment (Cost of Living Allowance), which may increase or decrease depending on the economic situation, is paid in local currency.

Application Closing Date
12th June, 2026.

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

Note

• Africa-Re is an equal opportunity employer and offers a good working environment commensurate with international organizations.
• The Corporation reserves the right to appoint at the advertised grade level or at any other level that best suits the successful candidate's profile, qualifications, and experience.