Job Expired
Senior Reinsurance Officer
Global Insurance Company
Business
Business Administration
Addis Ababa
4 years
1 Position
2022-05-13
to
2022-05-16
Business Administration and Management
Business Administration
Full Time
Share
Job Description
Application Deadline: May 16, 2022
- Arrange appropriate reinsurance program in consultation with the Executive Officer, Underwriting Department before underwriting a particular risk;
- Underwrites facultative business in accordance with the Company’s rules and guidelines within authorized limits;
- Propose maximum amount of risk to be retained by the Company either on treaty or facultative reinsurance or co-insurance basis;
- Compute premium adjustment and profit commission figures at year ends and transmit same (after approval) to Finance Department for the necessary action;
- Conduct a survey whereby to find out risk absorption capacity of local insurers for co-insurance arrangement;
- Draft treaty terms for further agreement with re-insurers;
- Check periodically bordereaux in line with treaty agreements;
- Make constant follow-up on the timely settlement of premiums to re-insurers;
- Collect risk profile, treaty statistics from branches and consolidate for treaty negotiation;
- Prepares biannual credit notes for excess of loss treaty as per the agreement;
- Advise and guide branches on understanding treaty terms when writing big businesses;
- Consolidate and summarize treaties for branch reference and end use;
- Train, coach, motivate and develop staff to achieve high level of technical expertise;
- Evaluate the performance of employees under his/her supervision;
- Perform other related duties when assigned by the Supervisor.
Job Requirements
- BA in Management, Marketing Management Business Administration and Similar
- 4 years Relevant Work Experience
How to Apply
Interested applicants who fulfill the above requirements can submit their applications with CV and non- returnable copies of credentials in person to Global Insurance Company Head Office, located at Arada Sub-city, Wereda 01, Somale Tera, to the HR Department, on the 4th floor or via post Global Insurance Company (S.C) Arada Sub-city Wereda 01, Somale Tera 1565850/53
Fields Of Study
Business Administration and Management
Business Administration
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