Vacancy announcement assistant officer, technical
Introduction of the Corporation :
WAICA Re is one of the fastest growing reinsurance companies in Africa. WAICA Re is headquartered in Freetown (Sierra Leone) and operates through four (4) Regional Offices across Africa namely Lagos (Nigeria), Accra (Ghana), Abidjan (Côte d'Ivoire) and Tunis (Tunisia). It also has four (5) Subsidiary Companies namely, WAICA Re Zimbabwe Limited in Harare (Zimbabwe), WAICA Re Kenya in Nairobi (Kenya), WAICA Re (DIFC) in Dubai (United Arab Emirates) and investments companies namely WAICA Re Capital, Accra (Ghana) and WAICA Re (United Kingdom).
Job purpose:
The Assistant Officer, Technical role is responsible for assisting with underwriting and marketing the non-life reinsurance business by analyzing risk, managing client relationships, coordinating the tools and daily administration for servicing assumed and ceded reinsurance treaties and providing operation processes to support efficient service delivery. Working with the Regional Director, the candidate is also to ensure growth in market share in the region in a profitable manner.
Country: Tunisia
Job duties and responsibilities:
- To analyze risks and make appropriate recommendations.
- Responsible for new and renewal premium in the region on assigned accounts for both treaty and facultative risks.
- Liaising with the Senior Officer, Technical to identify new production opportunities through research of new and existing markets, products and works.
- To process technical statements and facultative closings.
- Maintaining cash call schedule, ledgers and following up outstanding cash call credits from cedants.
- Following up on outstanding premium for assigned accounts.
- Liaising with the Finance department to ensure that claims processing is done accurately and settled in a timely manner.
- Prepares reports prior to any marketing visit to ensure all clients' accounts are up to date.
- Handling client queries within his/ her portfolio with a response time within 24 hours.
- To monitor and validate claims to ensure that only genuine claims are paid.
- Where required, visiting, and engaging existing and potential customers including brokers regarding performance of the portfolio and opportunities.
- Ensure that treaty and facultative contracts are created accurately in the underwriting svstem.
- Assisting in reconciliations as may be required by cedants and brokers.
- Ensure that all the deadlines in the performance of various duties and tasks set by management are met.
- Command of the Reinsurance system including but not limited to keeping records of business offered, declined, and accepted on SICs system.
- Run various underwriting/claims reports requested by Senior Officer, Technical and Regional Director for analysis.
- Contribute to system testing, ad hoc projects, and research work.
Candidate Profile
Qualifications
A Degree in Insurance or related field
Professional qualifications
Studying towards a relevant professional qualification
EXPERIENCE
- 1 year experience in insurance.
- Knowledge of Non-Life Underwriting, treaty wordings (proportional and non-proportional) and facultative is an added advantage.
Competencies
- Good analytical skills
- Excellent interpersonal skills
- Working knowledge of MS Office
- Excellent oral and written communication skills
- Ability to work under minimal supervision.
- Ability to work and meet deadlines.
- Proactive and result oriented.
Application procedure Interested Candidates for this role should send an application letter and a CV to vacancies [at] waicare [dot] com
Closing date for application: 24 December, 2023