Summary
Date Posted: Thursday, March 31, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
To monitor the various reinsurance arrangements including treaty and facultative reinsurance protection for all classes of business written by the company in line with the companies operating manuals

Key outputs
• The following key outputs are required from this role.
• To perform routine reinsurance administrative duties, such as maintaining records.
• To verify and process payments for reinsurance companies by providing status reports on payments.
• To organize and prepare monthly and quarterly reports on reinsurance
• To record reinsurance information accurately.
• To perform reconciliation of premium billing statements, WHT tax calculations and maintain various reinsurance registers.
• To provide guidance to underwriting, claims and finance teams on reinsurance.
• Train new staff on the Reinsurance product
• Deliverables (work elements)
• The following detailed outputs are required from this role.
• To analyze the risks accepted and ensure risks are yielded properly
• To obtain all necessary underwriting information required to place the risk in the reinsurance market.
• To arrange proper reinsurance protection as and when required
• To manage the administration of the reinsurance activities
• To monitor timely submission of closing and accounting documents as well as for settlement of premium recovery of claims from reinsurers
• To maintain accuracy of reinsurance contracts with reference to original terms at which reinsurance is accepted
• To maintain efficient communication lines between the company and brokers
• To prepare reinsurance underwriting and claims statistics on a regular basis and update the same at periodic intervals as per requirements.
• To review reinsurance payments/recoveries relating to reinsurance premium, commissioning and claims

Skills
• Education
• BA: Actuarial Science (Required)

Job Experience: No Requirements

Work Hours: 8

Level of Education: Bachelor Degree

Job application procedure
To apply follow this link https://oldmutual.wd3.myworkdayjobs.com/en-US/Old_Mutual_Careers/job/Dar-Es-Salaam/Administration-Specialist--OMAO-_JR-21757 

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