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Resident Underwriter Career Opportunity – African Reinsurance Corporation (Africa Re)
Job
Title: Resident
Underwriter
Organization: African Reinsurance
Corporation (Africa Re)
Corporation (Africa Re)
Duty
Station: Kampala,
Uganda
Station: Kampala,
Uganda
About US:
The African
Reinsurance Corporation (Africa Re) is an International Financial Institution
with Headquarters in Lagos (Nigeria). Africa Re has six Regional Offices in
Casablanca (Morocco), Nairobi (Kenya), Abidjan (Côte d’Ivoire), Port Louis
(Mauritius), Lagos (Nigeria) and Cairo (Egypt); a Local Office in Addis Ababa
(Ethiopia) as well as two subsidiary companies: Africa Re South Africa in
Johannesburg (South Africa) and Africa Retakaful in Cairo (Egypt). The
Corporation is owned by 41 member States of the African Union (AU), the African
Development Bank (AfDB), the International Finance Corporation (IFC), German
Investment and Development Corporation (DEG), PROPARCO (subsidiary of the
Agence Française de développement), IRB-Brasil Re and 109 African insurance and
reinsurance companies.
Reinsurance Corporation (Africa Re) is an International Financial Institution
with Headquarters in Lagos (Nigeria). Africa Re has six Regional Offices in
Casablanca (Morocco), Nairobi (Kenya), Abidjan (Côte d’Ivoire), Port Louis
(Mauritius), Lagos (Nigeria) and Cairo (Egypt); a Local Office in Addis Ababa
(Ethiopia) as well as two subsidiary companies: Africa Re South Africa in
Johannesburg (South Africa) and Africa Retakaful in Cairo (Egypt). The
Corporation is owned by 41 member States of the African Union (AU), the African
Development Bank (AfDB), the International Finance Corporation (IFC), German
Investment and Development Corporation (DEG), PROPARCO (subsidiary of the
Agence Française de développement), IRB-Brasil Re and 109 African insurance and
reinsurance companies.
Job Summary: The Resident
Underwriter will be responsible for developing facultative reinsurance businesses
in the Ugandan market and provide support to Nairobi Regional Office during
treaty renewal negotiations. The incumbent will run and Manage the Local
Representative Office but also be the face of Africa Re and the first point of
contact in the Ugandan market.
Underwriter will be responsible for developing facultative reinsurance businesses
in the Ugandan market and provide support to Nairobi Regional Office during
treaty renewal negotiations. The incumbent will run and Manage the Local
Representative Office but also be the face of Africa Re and the first point of
contact in the Ugandan market.
Key Duties and Responsibilities:
- The
duties of the Resident Underwriter shall comprise amongst others: - Conduct
regular visits to cedants to solicit for Facultative reinsurance business. - Assess
facultative offers, provide quotations, negotiate and conclude placement
terms with cedants. - Offer
timely support to underwriters at the Nairobi Regional Office during
treaty renewal negotiations. - Expeditiously
follow – of premium collection for all accounts – both treaty and
facultative - Actively
coordinate with the Regional Office to have all major risks surveyed and
following up implementation of recommendations. - Support
in the reconciliation of accounts where face-to-face meetings are
required. - Responsible
for the collection and compiling of relevant insurance market data and
general information about the market. - Assist
to improve Africa Re claims service by ensuring all required procedures
are explained and fulfilled – information and support documents are
collected on time, visit sites for major losses etc. - Prepare
and send periodic (weekly and monthly) reports covering all activities
undertaken such as visit to cedants, quotations made, business closed etc. - Manage
relationship with host governments, media and the public etc. in
consultation with the Regional Office/Head Office. - Actively
coordinate training, meeting and conference done by Africa Re. - Perform
any other duties that may be assigned from time to time.
Qualifications, Skills and Experience:
- The
ideal candidate should hold a First University degree plus Masters in
relevant fields plus 7 years post qualification relevant qualitative work
experience with emphasis in a relevant discipline preferably in Insurance
or Actuarial Science OR - A
First University degree in relevant fields plus full professional
qualification, plus 7 years post qualification relevant qualitative work
experience with emphasis in a relevant discipline preferably in Insurance
or Actuarial Science. OR - First
University degree in relevant field plus 11 years post qualification relevant
qualitative work experience with emphasis in a relevant discipline
preferably in Insurance or Actuarial Science. - Relevant
Professional qualifications in Mathematics, Finance, Statistics and
Economics is an advantage - Fluency
in the English language. Working knowledge of French will be an added
advantage. - The
applicant should preferably be an East African citizen. - Excellent
proven managerial skills/experience - Proven
and very respected insurance professional in the market - Past
insurance professional experience at a senior management level - Excellent
marketing skills - Good
and proven public relations skills - Deep
knowledge of the Uganda Insurance market – practice, norms and the key
stakeholders - Sound
Insurance and reinsurance technical knowledge - Excellent
reporting skills; - Excellent
communication & Presentation skills - Data
analysis & interpretation of financial statements - Past
supervisory skills; - Possess
the ability to quickly build good and sustainable relationship with
stakeholders; - Excellent
skills in MS Office (Word, Excel, PowerPoint, and Outlook) is required. - Ability
to work under pressure.
How to Apply:
All candidates
should apply online by filling out the form on the e-recruitment portal and
uploading their curriculum vitae.
should apply online by filling out the form on the e-recruitment portal and
uploading their curriculum vitae.
Deadline: 30th March 2015.
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