Latest Insurance Jobs In Kenya

Reinsurance Officer Job At AAR Insurance

  • Job Type Full Time
  • Qualification BA/BSc/HND , Diploma
  • Experience 2 years
  • Location Nairobi
  • Job Field Insurance 

Overall Purpose of the Job

Reporting to the Manager Reinsurance & Non-Medical, the Reinsurance Officer will be responsible for all phases of reinsurance arrangement, accounting and reporting, from the initial phases of treaty development, coordination with third parties, monthly processing and recognition of appropriate assets liabilities, income and expenses items and periodic reporting, quotations and recoveries.

Key Responsibilities

  • Assist in preparation of presentations and written reports to keep Management informed of company reinsurance status/positioning and provide proposed or possible reinsurance direction recommendations to Senior Management.
  • Assist to oversee the execution of special projects designed to implement process changes driven by the provisions of the reinsurance contracts. 
  • Ensure optimal set up of reinsurance treaty parameters in the system for AIK after every treaty renewal period.
  • Enhance analysis processes and controls to support complete, timely and accurate reinsurance reporting, both statutory, and for management
  • Enhance data accumulation and generate reports to support the reinsurance processes.
  • Direct efforts to implement analytical review procedures that serve as a key control for the quarterly close process  
  • Enhance and maintain fluid working relationships with internal and external customers and service providers, including the external reinsurers and brokers, regional offices and AIK consumer departments
  • Ensure compliance with IRA reinsurance requirements, and other AIK requirements and audit processes.
  • Prepare Quarterly statements in liaison with Finance for onward submission to the reinsurers.
  • Continuous Excess of Loss claims recovery from the reinsurers.
  • Making sure that the Company is not exposed through facultative placement of any risk accepted that exceeds the Company’s Gross capacity.
  • Analyze and develop effective responses to audit findings – Audit Differences; Control Deficiencies; Management Letter Comments and develop and execute action plans to remedy any process deficiencies that arise. 
  • Assist in Underwriting and claims of Special Non-medical classes of insurance including Marine and other classes as may be assigned.
  • Any other duties as may be assigned from time to time.

Education, Experience & Competencies

  • Holder of a Business related Bachelor’s degree. 
  • Holder of a Diploma in Insurance.
  • Have at least 2 years relevant experience.
  • Demonstrate a good knowledge of reinsurance processes, treaties and administration software’s will be an added advantage. 
  • Ability to produce in a fast-paced environment while addressing projects and responsibilities effectively.
  • Excellent Communication and Interpersonal skills.
  • Customer focused with strong problem solving skills.

Method of Application

If you meet the above the requirements and wish to be part of our vibrant team, please send your application letter and updated CV attaching any testimonials to the email address hrdesk@aar.co.ke.

Your application should reach us by 12th September 2023.

Only shortlisted candidates will be contacted.

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