Reinsurance Supervisor at Madison Group Limited

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

• Sound Technical Underwriting skills

• Intensive and extensive product knowledge

• People Management and overall managerial skills

• Good analytical skills

• Customer service skills

• Good Communication Skills

• Computer Literate with good knowledge of Excel

• Negotiation, influencing and selling skills

• Ability to develop relationships with key business partners

• Open mind to try new ways and alternative approaches of doing things

Academic, Professional and Work Experience required

• Bachelor's degree in business or related field.

• Completed professional qualification in insurance (IIK)

• Minimum 5 years of experience in Reinsurance