3 Dec 2019

Reinsurance & Underwriting Officer, UAP Insurance at UAP Old Mutual Group

Welcome to JobwebTanzania.com. This website helps you to achieve your career dream by linking you to vacancies from Top Companies in Tanzania. Job Seekers are also exposed to best articles for career growth and development. Click Here to Subscribe for Job Alerts We strongly advise graduates not to pay money before getting a Job. Report fraudulent jobs to [email protected]


Introduction…

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.

Minimum Requirements…

Qualification:

Bachelor’s Degree & progress towards CII qualifications, Reinsurance certificate

The following key behavioural competencies are required to be successful in this role.

–  Strong interpersonal skills

  • Organized and self-driven
  • Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance slips preparation
  • Good analytical skills
  • Computer knowledge
  • Ability to communicate effectively
  • Good understanding of general Insurance products

Job Specification…

Reinsurance:

 

  •   ·         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

UndUnderwriting:

 

  • ·         Apply standard rates, calculate premiums, and underwrite new business, renewals, endorsements, and cancellations
  • ·         Generations of renewal notices and follow up
  • ·         Prepare premium invoices and collection
  • ·      Analyze and assess proposals and risk notes and report to the team leader on the need to carry risk surveys for small to medium size non-standard risks
  • ·         Works closely with BD marketing staff/agents, brokers to develop and maintain positive business partnerships
  • ·         Liaison with brokers/agents and direct clients to verify information, explain and interpret coverage
  • ·         Ensure compliance with standards of service/Customer service charter in all underwriting operations
  • ·         Ensure proper documentation and updated records keeping in EDMS
  • ·         Perform any other duties as may be requested by Management

 

  1. 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
Sharing is Caring! Click on the Icons Below and Share

How to Apply

Submit your CV and Application on Company Website : Click Here




Dont Miss Latest Jobs In Tanzania. Subscribe Today. CLICK HERE





Apply for this Job