Reinsurance Supervisor at Madison Group Limited

Reinsurance Supervisor at Madison Group Limited | Iko Kazi

Key Responsibilities:

Processing of statutory returns.
Process and negotiate treaty renewals for both general and medical then liaising with Treaty leader and documenting the agreed terms on Treaties with Reinsurers i.e. treaty slips
Placement of Facultative Out business and ensuring we seek for Facultative In business.
Preparing each year reinsurance programme and circulating to claims, underwriting, marketing and finance.
Preparing of treaty accounts i.e. quarterly A/c's, premium Adjustment, Portfolio A/c's, Profit Commission
Processing of recoveries from reinsurers both facultative and Excess of loss.
Notifying reinsurer of cash losses and pursue recovery of the same timely as per treaty terms
Assist in dealing with routine Treaty and Facultative administration matters and account queries from Reinsurers.
Set up of new treaties in the system.
Identify reconciliation items on both treaty and facultative accounts and liase with finance and credit control departments to ensure reconciliation is done
Engage intermediaries and business partners in order to grow the business
Assist, advice and support marketing team in all marketing initiatives business acquisition and retention including training and visits.
Any other task as deemed necessary for the efficient operation of the department.

Skills and Competencies Required

Academic, Professional and Work Experience required

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