Underwriting & Re- Insurance Manager
Job Skills:
Computer Literacy, Budgeting, Negotiation , Strong Leadership Skills, Problem Solving Skills, Highly Innovative, Business Acumen, High level of technical and management ability, Attention to detail, People managment skills, Strong Analytical Skills, Decisive, Confidence, Highly motivated, Decision Making skills
Description:
There is a new vacancy for the position of an Underwriting and Re- Insurance Manager in the Insurance Division. Reporting to the General Manager the primary responsibilities in the two areas will be to
Underwriting:
•Ensure that all documentation in the underwriting are correctly issued and dispatched.
•Ensure that new risks accepted and/or renewed with the company are vetted to meet the basic quality standards.
•Ensure incorporation of such risk improvement recommendations into policy warranties.
•Ensure that reasonable renewal terms are communicated and/or discussed with the intermediaries and/or policyholders within the set benchmarks and those renewal instructions are received on time to achieve minimum lapse ratios. Also ensure that monthly lapse ratio reports are compiled and availed to management.
•Ensure that production budgets are well communicated to the underwriting team and that all business transacted/closed is recognized in the books of the company within the effective month. Further ensures that all such premium debits/credits are dispatched to the policyholders and/or intermediaries as applicable to facilitate premium collection.
•Ensure that all identified reconciliation items are acted on and discussed with the intermediaries and/or policyholder as applicable to facilitate premium collection.
•Prepare the table of minimum rates as required by the Commissioner of Insurance and ensure it is lodged.
•Ensure that all the risks accepted in the company are in tandem with the Reinsurance Treaty programmes and that premium are reasonably ceded into the treaties thus minimizing and/or eliminating chances of under ceding and/or over ceding.
•Ensure that the franking machine is adequately stocked with stamps at all times and that its safety and usage is reasonably maintained.
•Continually review the business processes and recommends measures that are likely to improve efficiency.
Reinsurance:
Ensure that the reinsurance treaties are arranged with financially solid reinsurance companies.
•Ensure that adequate treaties are in place every year and all the contract documents lodged with the commissioner of insurance.
•Ensure that the treaty statements of accounts are prepared such as quarterly statements of accounts, profit commissions, portfolio transfers, non-proportional treaty premium adjustments etc.
•Ensure that the statutory statements such as Quarterly reinsurance premium tax, tax on minimum and deposit premium, commissioners treaty renewal statistic etc. are prepared and/or paid on timely basis as applicable.
•Accept and/or recommends inward facultative acceptances with creditworthy Insurance Companies
•Arrange outward facultative reinsurances with creditworthy Insurance Companies
•Ensure that treaty claims recoveries are pursued aggressively.
•Ensure both treaty and facultative premium payments are made on timely basis
•Ensure that all identified reconciliation items on both treaty and facultative accounts are acted on
•Continually review the business processes and recommend measures that are likely to improve efficiency.
•Communicate important changing reinsurance business trends to the immediate superior.
The right candidate must have;
•Professional Qualification: ACII or IIK
•Education level: first Degree
•At least 5 years experience
If you meet the above requirements, kindly apply on or before 11 May 2012.
Only successfully shortlisted candidates will be contacted for the next phase.
To apply, visit:
http://www.aarhealth.com/recruiter/users/prescreen_introduction.php?job2=88
Job Skills:
Computer Literacy, Budgeting, Negotiation , Strong Leadership Skills, Problem Solving Skills, Highly Innovative, Business Acumen, High level of technical and management ability, Attention to detail, People managment skills, Strong Analytical Skills, Decisive, Confidence, Highly motivated, Decision Making skills
Description:
There is a new vacancy for the position of an Underwriting and Re- Insurance Manager in the Insurance Division. Reporting to the General Manager the primary responsibilities in the two areas will be to
Underwriting:
•Ensure that all documentation in the underwriting are correctly issued and dispatched.
•Ensure that new risks accepted and/or renewed with the company are vetted to meet the basic quality standards.
•Ensure incorporation of such risk improvement recommendations into policy warranties.
•Ensure that reasonable renewal terms are communicated and/or discussed with the intermediaries and/or policyholders within the set benchmarks and those renewal instructions are received on time to achieve minimum lapse ratios. Also ensure that monthly lapse ratio reports are compiled and availed to management.
•Ensure that production budgets are well communicated to the underwriting team and that all business transacted/closed is recognized in the books of the company within the effective month. Further ensures that all such premium debits/credits are dispatched to the policyholders and/or intermediaries as applicable to facilitate premium collection.
•Ensure that all identified reconciliation items are acted on and discussed with the intermediaries and/or policyholder as applicable to facilitate premium collection.
•Prepare the table of minimum rates as required by the Commissioner of Insurance and ensure it is lodged.
•Ensure that all the risks accepted in the company are in tandem with the Reinsurance Treaty programmes and that premium are reasonably ceded into the treaties thus minimizing and/or eliminating chances of under ceding and/or over ceding.
•Ensure that the franking machine is adequately stocked with stamps at all times and that its safety and usage is reasonably maintained.
•Continually review the business processes and recommends measures that are likely to improve efficiency.
Reinsurance:
Ensure that the reinsurance treaties are arranged with financially solid reinsurance companies.
•Ensure that adequate treaties are in place every year and all the contract documents lodged with the commissioner of insurance.
•Ensure that the treaty statements of accounts are prepared such as quarterly statements of accounts, profit commissions, portfolio transfers, non-proportional treaty premium adjustments etc.
•Ensure that the statutory statements such as Quarterly reinsurance premium tax, tax on minimum and deposit premium, commissioners treaty renewal statistic etc. are prepared and/or paid on timely basis as applicable.
•Accept and/or recommends inward facultative acceptances with creditworthy Insurance Companies
•Arrange outward facultative reinsurances with creditworthy Insurance Companies
•Ensure that treaty claims recoveries are pursued aggressively.
•Ensure both treaty and facultative premium payments are made on timely basis
•Ensure that all identified reconciliation items on both treaty and facultative accounts are acted on
•Continually review the business processes and recommend measures that are likely to improve efficiency.
•Communicate important changing reinsurance business trends to the immediate superior.
The right candidate must have;
•Professional Qualification: ACII or IIK
•Education level: first Degree
•At least 5 years experience
If you meet the above requirements, kindly apply on or before 11 May 2012.
Only successfully shortlisted candidates will be contacted for the next phase.
To apply, visit:
http://www.aarhealth.com/recruiter/users/prescreen_introduction.php?job2=88