Reinsurance Officer

A Well-Established Insurance Company

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A Well-Established Insurance Company seeks the services of a Reinsurance Officer

 

Job Title: Reinsurance Officer

 

Job Location: Accra, Greater Accra

 

Job Summary

  • The successful candidate will be responsible for routine reinsurance duties and will among other things manage the Companies reinsurance arrangements for all classes of business written by the Company and assist in the implementation of the Company’s reinsurance programme

 

Job Description

  • Prepare relevant Reinsurance reports for management at the prescribed dates
  • Ensure effective management of Treaty accounts at all times
  • Reconcile reinsurance Premiums and Commissions ( inwards & outwards) for accurate management reporting
  • Reconcile premium/claims positions for all Insurance/Reinsurance Companies
  • Issue all end of year reinsurance reports including XL Adjustments, Portfolio Transfers and Profit Commission and others
  • Manage Facultative (outward/Inward) Portfolio to 100% compliance with the policy
  • Ensure all monthly, quarterly, annual regulatory  returns are submitted by set dates
  • Operates calculator to verify computations made by prime insurer

 

Qualification and Requirement

  • A minimum of Bachelor’s Degree in Insurance, Mathematics, Statistics, Economics or a related subject
  • Have at least three (2) years post National Services working experience in Underwriting or Reinsurance
  • Membership of insurance professional body will be an advantage
  • Good insurance knowledge plus appreciation of underwriting tools
  • Good communication skills
  • Good analytical and organizational skills
  • Very meticulous and tactful

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