Reinsurance Manager - (2000001K)

Reporting to the Chief Operating Officer (COO) General insurance, the job holder shall develop and manage underwriting and reinsurance activities in accordance with the company’s underwriting and reinsurance policy and standards so as to meet and exceed customers and shareholders’ expectations.
Knowledge, experience and qualifications required
A business related University Degree

Professional Insurance qualification (CII or IIK)

Must have a minimum of 5 years’ experience in reinsurance field.

In depth understanding of insurance operations and concepts

Knowledge of underwriting processes, procedures and concepts

Knowledge of insurance regulatory requirements

Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation
Responsibilities

Oversee underwriting and reinsurance activities of general insurance business in Kenya
Vet all risks to ensure that only quality business is accepted into the company at acceptable rates to ensure profitability and achievement of the set loss ratio targets

Implement the underwriting strategy, philosophy, policies and procedures

Ensure achievement of the agreed renewals retention targets in Kenya

Ensuring that the risks undertaken by the company are adequately covered through reinsurance programmes

Manage relationships with clients, intermediaries and service providers to ensure agreed service level agreements are achieved and goodwill with all stakeholders is maintained

Ensuring timely preparation of reports

Supervision, appraisal, training and development of staff in the department

Manage staff and resources, provide direction, set goals and ensure the department goals are attained.

Delegated Authority: As per the approved Delegated Authority Matrix

Key Performance Measures

Reinsurance accounting Program management

Facultative business budget

Timely security and risk placement

Reinsurance cost

Job Requirements
Required education
: Bachelor's degree

Required relevant work experience
: 5 years

Required languages:
English (Spoken: fluent | Written: fluent)
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