Africa Re recruits 02 Underwriting & marketing professional

African Reinsurance Corporation (Africa Re)

Abidjan, Côte d’Ivoire

UNDERWRITING & MARKETING PROFESSIONAL – TWO (2) POSITIONS
Abidjan Regional OfficeAbidjan, Côte d’IvoireClosing date for applications 2022-04-25Job Code:Grade Level:
Introduction of the CorporationThe African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest re-insurer in Africa. Headquartered in Lagos (Nigeria), Africa Re operates through six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Port Louis (Mauritius) and one (1) Contact Office in Addis Ababa (Ethiopia). It also has three (3) Subsidiary Companies (Africa Re South Africa Limited in Johannesburg (South Africa), Africa Retakaful Company Ltd. in Cairo (Egypt) and Africa Re Underwriting Agency in Dubai (UAE).
Africa Re has a broad-based shareholding of 42 African member States, the African Development Bank, 113 African insurance and reinsurance companies, and three (3) non regional shareholders, including leading global insurers, reinsurers and international finance institutions.
The Financial Strength and Credit Rating of Africa Re is A by A.M. Best Company and A– Standard & Poor’s.
Africa Re announces the vacancy of two (2) positions of Regional Underwriting & Marketing Professionals in her Francophone Central & West Africa Regional Office based in Abidjan (Côte d’Ivoire) on the Professional Staff Grade level.
Job DetailsRESPONSIBILITIESThe successful candidate shall organize and co-ordinate underwriting activities of the Treaty and Facultative Underwriting Operations and manage the business relationship with all cedants and brokers from assigned markets in Francophone Central & West Africa Region to achieve profitability, liquidity, business growth and customer satisfaction on a sustainable basis.
DUTIES/JOB DETAILSThe main duties of the Underwriter shall comprise, amongst others, the following:
Marketing contacts with prospective / existing clients with a view to securing new treaties and / or enhancing our shares.Preparing renewal and new business quotation proposals to cedants and brokers.Regularly reviewing facultative and treaty acceptances ahead of renewal.Soliciting and receiving treaty offers from existing and potential clients, assessing such offers when received and determining whether or not to accept them in line with the Corporation’s underwriting policies/guidelines.Maintaining proper records of all business offers received and transactions concludedAttending to client correspondences, social and business functions as well as other related activities for overall marketing effectiveness.Ensuring that all the treaties and facultative contracts are processed and the cover notes signed and sent out to cedants or brokers.Monitoring the profitability of markets serviced and progress made towards the achievement of income targets in the assigned marketsPaying regular market visits for new businesses and the renewal of existing business as well as obtaining market statistics and other relevant information for the Corporation’s strategic and operational use.Assist in reviewing and monitoring the proper processing of all technical transactionsReviewing all claims along with other claims supporting documentation, and ensuring proper processing and timely settlement of verified cash callsCarrying out risk assessment and giving risk improvement recommendations;Processing of death claims, lapses and alterations, following-up on collections of premiumsProviding training, advice and other forms of technical support to both staff and clients on a regular basis.Assisting Finance & Technical accounts in reviewing the reconciliation of cedant and broker accounts and recovering outstanding amounts due from them while also ensuring timely remittance of amounts due to them;Participate and provide data / input to the development, implementation and review of strategic, business development, marketing and operational plans as well as budgets for the Region;Supervising the cash-matching and reconciliation carried out by the Accounts OfficersEnsure the timely rendition of all required reports relating to the underwriting and marketing function on clients, for consolidated reporting to the Head OfficeAttending to any other duties as may be assigned by Supervisors and the Corporation’s Management from time to time.
LocationJOB LOCATIONThe successful candidate shall be based in Abidjan (Côte d’Ivoire).
Main CompetenciesMAIN COMPETENCIES REQUIRED FOR THIS POSITIONKnowledge of Insurance and Reinsurance underwriting, Retrocession, Claims and Risk assessmentExperience in treaty and facultative insurance and reinsurance practiceExposure to Francophone Central & West Africa Region Markets (practices and key stakeholders)Good knowledge of treaty and facultative Insurance Products and benefits including TakafulPractical knowledge of a reinsurance-related software and life underwriting softwareAbility to quickly build good and sustainable relationship with the main brokers and cedantsAnalytical, planning and reporting skills
Proven Managerial skill/experienceAcademic QualificationsQUALIFICATIONS AND PROFESSIONAL EXPERIENCEApplicants shall be holders of
University degree, a relevant Master’s degree and a minimum of 5 years post qualification work experience with emphasis in reinsurance underwriting (treaty and facultative); reinsurance pricing; claims management and risk survey assessment.Or
University degree in relevant fields, Professional qualification, and a minimum of 5 years post qualification work experience with emphasis in reinsurance underwriting (treaty and facultative); reinsurance pricing; claims management and risk survey assessment.Or
University degree in relevant field and 10 years post qualification work experience with emphasis in reinsurance underwriting (treaty and facultative); reinsurance pricing; claims management and risk survey assessment.Relevant work experience in a reputable Insurance/Reinsurance organization at similar level is required; preferably with exposure to international life products.Relevant Professional qualifications will be added advantage
Salary & BenefitsSALARY AND BENEFITSThe successful candidate shall have the following benefits:
Competitive Basic Salary on the Corporation’s Professional Staff Grade LevelVariable pay (Annual Performance Bonus)Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)Children education subsidy for each child up to 26 years (maximum 4 children)Medical cover for staff and family;Housing AllowanceHome leave to country of origin every year paid by the employer (if non-national);Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid
Additional Requirements
Able to communicate effectively (written and oral) in French
Working knowledge of English will be an added advantage.
Procedure for ApplicationPROCEDURE FOR APPLICATIONInterested candidates for this positions are requested to visit the Africa Re website (africa-re.com/career) to complete the employment form and upload their curriculum vitae.
The Company reserves the right to appoint at the advertised level or at any other level that may suit the profile, qualifications and experience of the successful candidate.
CLOSING DATE FOR RECEIVING APPLICATIONSClosing date for submission of applications: 25 April, 2022
POSTULER