Senior Life 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: Senior Life Underwriting Officer

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

Responsibilities

• The Senior Life Underwriting Officer would be responsible for managing a portfolio of accounts (treaties and facultative) for cedants in Anglophone West Africa.
• The post is at the Local Professional Staff category with possibilities of advancement in the organizational chart of the Corporation.
• Reporting directly to the Assistant Director, Underwriting & Marketing (Life Operations), the successful candidate would have the direct responsibilities of underwriting and development of the assigned portfolio.

As such, the duties of the Senior Life Underwriting Officer shall comprise:

• Soliciting and negotiating for new and renewal of Reinsurance contracts
• Portfolio management and business relations
• Monitoring premium and claims payments
• Insurance Risk selection and assessment
• Assessment and Rating of Life Insurance risks
• Managing cedant relationships
• Compile Performance Progress report
• Monitoring the profitability of markets serviced and progress towards the achievement of corporate objectives in the assigned markets
• Assist the Life Underwriting Unit in coordinating activities of the Unit.
• Perform underwriting support activities associated with information gathering of all businesses, renewals, and mid-term changes.
• Manage Policy cessions in the system
• Manage Life Reinsurance Contract details in the system
• Renewal of contracts in the system
• Recording, verifying, and processing statements received from cedants, including premium closings, monthly or quarterly accounts, CAT excess of loss premiums, etc.
• Preparing renewal notices for facultative businesses and forwarding the same to cedants upon approval
• Maintain Proper records of all business offers and transactions received and concluded
• Ensure that all the treaties/facultative contracts are processed and the cover notes/slips/wordings signed and sent out to cedants as and when due
• Attending to client inquiries, social and business functions, and other related activities for overall marketing effectiveness.
• Assisting the finance team in the reconciliation exercise of cedants’ accounts and following up on outstanding amounts due from cedants, while also ensuring timely remittance of amounts due to Africa Re.
• Any other duties that may be required or assigned by the Management  

Academic Qualifications
Minimum Qualification and Experience

• Bachelor’s Degree or Equivalent in Insurance/Actuarial Science or /relevant field
• Must have 8 – 10 years of relevant work experience in Life Underwriting or Claims or Reinsurance in the Insurance and/or Reinsurance industry.
• Professional qualifications in insurance
• Relevant Working Exposure in a Multicultural Environment will also be an added advantage.

Main Competencies:
Competencies and Additional Requirements:

• Good command of both written and spoken English
• Good knowledge of Life Assurance, Underwriting, Claims, Reinsurance and Retrocession.
• Good knowledge of Health Insurance Laws and Regulations
• Adequate knowledge of some actuarial concepts such as the present values of a series of payments, compound interest and amortization schedule.
• Excellent IT skills in MS Office products (Word, Excel, Office 365, SharePoint, PowerPoint, and Outlook) are required
• Strong interpersonal skills, detailed oriented and customer service focused
• Self-motivated
• Good supervision and reporting skills
• Strong problem-solving skills
• Willingness and passion to learn and work.
• Ability to work under pressure, without close supervision and within established timeframes.
• Ability to multitask and manage change.
• Excellent problem-solving skills (i.e., conceptual, and analytical thinking).
• High level of Integrity and proven sense of responsibility.
• Good team player (i.e. working collaboratively with colleagues to achieve organizational goals)

Additional Requirements:
Applicants must also be:

• Nationals of one of the 42 member States of Africa Re.
• A good working knowledge of the second language (French) 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.