Assistant Underwriting Officer at African Reinsurance Corporation

The African Reinsurance Corporation (Africa Re) is the leading African reinsurance company with headquarters in Lagos (Nigeria). Africa Re has six regional offices: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation equally has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and one Local Office in Addis Ababa (Ethiopia).

Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 114 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers. The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A – by Standard & Poor’s.

We are recruiting to fill the position below:

Job Title: Assistant Underwriting Officer

Location: Lagos
Employment Type: Full Time

Responsibilities

• The Assistant Underwriting Officer supports Underwriters in daily activities (processing) that provide services to customers.

Duties / Job Details
The incumbent will carry out the following functions:

• Perform underwriting support activities associated with information gathering of all businesses, renewals, and mid-term changes on behalf of the Underwriter.
• Prepare renewal and new business quotations proposals to cedants and brokers
• Maintain Proper records of all businesses offers and transactions received and concluded
• Working directly with Underwriters to help manage and support their renewal and new business book.
• Ensure that all the treaties/facultative contracts are processed and the cover notes/slips/wordings signed and sent out to cedants and brokers.
• Attending to client enquiries, social and business functions and other related activities for overall marketing effectiveness.
• Assisting the finance team in viewing the reconciliation of cedant and broker accounts and chasing outstanding amounts due from them while also ensuring timely remittance of amount due to them.
• Any other duties that may be required or assigned.

Academic Qualifications
Minimum Qualifications and Experience:

• Bachelor’s Degree or equivalent in Insurance / Actuarial Science or relevant field
• Minimum of 2 Years of relevant work experience in Underwriting or Claims fields in the Insurance and/or Reinsurance industry.
• Additional professional qualifications in insurance and working knowledge in French language shall be an added advantage.
• Relevant Working Exposure in a Multicultural Environment will be an added advantage.

Main Competencies:
Competencies and Additional Requirements:

• Good technical knowledge with regard to Insurance and Reinsurance underwriting, Retrocession, Claims as well as risk assessment.
• Outstanding interpersonal and communication skills; ability to communicate effectively with technical and non-technical audiences.
• Good team player with proven leadership and managerial experience.
• Works collaboratively with colleagues to achieve organizational goals; solicits input and is willing to learn from others.
• Establishes and maintains effective working relationships in a multicultural, multi-ethnic environment.
• Experience and knowledge in a Re/Insurance system will be an added value.
• Strong interpersonal skills, detailed oriented and customer service focused
• Knowledge of Microsoft Office products such as Office 365, SharePoint, Teams
• Strong problem-solving skills
• Self-motivated
• Willingness to learn and to work long hours.
• Ability to work under pressure, without close supervision and within established timeframes.
• Ability to multitask and manage change.
• Excellent problem-solving skills (i.e., conceptual, and analytical thinking).
• High level of Integrity and proven sense of responsibility.
• Proficiency in use of Microsoft Office: Word, Excel, PowerPoint, and knowledge of integrated business-related software’s will be an added advantage.

Applicants must also be:

• Nationals of one of the 42 member States of Africa Re.

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Support Staff Grade Level.
• Housing Allowance.
• Inflation Adjustment (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.
• Variable Pay (Annual Performance Bonus).
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the Employer).
• Children Education Subsidy for each child up to 26 years (maximum 4 children).
• Medical Cover for staff and family.

How to Apply
Interested and qualified candidates should:
Click here to apply

Note

• Africa-Re is an equal opportunity employer and offers good working environment commensurate with international organizations.
• The Corporation reserves the right to appoint at the advertised grade level or at any other level that may suit the profile, qualifications and experience of the successful candidate.

Application Deadline 15th August, 2023.