CIC Insurance Reinsurance Officer Job
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CIC Insurance Reinsurance Officer Job
Purpose
To support the business operations through supporting underwriting and claims departments in business. They will be responsible for placement of risks & recoveries from the reinsurers, reinsurance accounting and also handle reinsurance correspondences.
Key Responsibilities
- Grow inward facultative business and collect premiums, through acquisition of new and retention of existing business;
- Place all risks that are in excess of capacity;
- Any other duty as may be given by the Reinsurance Manager
- Ensure timely treaty and facultative claims recoveries and as per the set timelines and budgets
- Monitor the claims reinsurance register to ensure claims are correctly allocated into the relevant treaties;
- Ensure new claims payments are immediately documented to the reinsurers;
- Follow up with Treaty and Facultative reinsurers on claims recoverable;
- Following up on receipting of all recoveries to the appropriate accounts and maintain up to date records of the same.
- In liaison with the claims department, ensure claims payable to reinsurers (facultative) are registered and documented.
- Managing facultative inward and outward business and preparing reconciliations for all businesses
- Calling for payments of facultative accounts and calling for reinsurance treaty recoveries.
- Seeking of facultative support for risks not covered under the scope of the treaty arrangements;
- Follow up with facultative reinsurers on claims recoverable;
- In liaison with the claims department, ensure claims payable to reinsurers (facultative) are registered and documented.
- Travel insurance management
- Custom Bonds underwriting & Management
- Bankers Blanket Bond underwriting & claims Management
- Reconcile funds received from reinsurers vs cash book;
- In liaison with the finance department, clean up the reinsurance recoveries receipts;
- Track payments received from reinsurers;
Academic and Professional Requirements
Education
- Bachelor’s Degree in a relevant field,
- Computer literate in MS Office and other office applications
- Qualification in relevant professional field – Diploma in Insurance, ACII/AIIK
Experience Required:
- Relevant experience 3
How To Apply
Categories: Insurance Jobs In Kenya
Tags: CIC Insurance Jobs
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