Senior Reinsurance Officer

Department: Reinsurance
Reports to: Manager Reinsurance
Directly Supervises: Reinsurance Officer(s)

KEY RESULT AREAS AND RESPONSIBILITIES

Result Area 1: Planning and Organizing for Reinsurance Services

• Contribute to the development of strategies, work plans, and budgets for reinsurance services.
• Ensure the availability of necessary facilities and resources for reinsurance operations.
• Set performance targets for Reinsurance Officers and conduct periodic appraisals against these targets.

Result Area 2: Ensuring Effective Provision of Reinsurance Services

• Assist in preparing reinsurance programs.
• Arrange facultative insurance for business exceeding the company’s capacity.
• Prepare quarterly reconciliation statements for insurers, reinsurers, and brokers, and submit them to IRA.
• Supervise the preparation of reinsurance credit/debit notes, cession slips, loss advice, and statistical returns.
• Monitor recoveries from reinsurers for claims and follow up on remittances.
• Prepare and manage reports for business production, profit commission statements, and quarterly Bordereaux for surplus treaties.
• Handle reinsurance certificates and risk profiles for reinsurers.

Result Area 3: Leadership

• Assign and supervise work for Reinsurance Officers.
• Evaluate staff performance and provide guidance and training as needed.
• Identify capacity development needs and foster teamwork and motivation among staff.
• Participate in the coaching and on-the-job training of new staff.

Result Area 4: Institutional Management and Development

• Address internal and external queries and represent the company in meetings as needed.
• Maintain up-to-date data on reinsurance programs and provide actionable advice to the Manager Reinsurance.
• Suggest improvements in reinsurance services and participate in departmental and management meetings.
• Assist in the preparation of periodic reports for submission to regulators and deputize for the Manager Reinsurance when required.

PERSON SPECIFICATION: Assistant Manager Reinsurance

Minimum Academic and/or Professional Qualifications:

• Bachelor’s Degree in Insurance, Actuarial Science, Business Administration, Social Sciences, or Arts.

Additional Training/Qualifications:

• Professional insurance qualification (e.g. CII).

Minimum Experience and Exposure:

• At least 5 years of progressive work experience in underwriting, claims, or reinsurance, with 3 years at a supervisory level.

Key Knowledge Required:

• In-depth knowledge of the insurance industry and insurance accounting.

Key Skills Required:

• Negotiation, computer proficiency, communication, and report writing skills.
• Strong analytical, problem-solving, relationship management, and people skills.

Other Qualities/Attributes:

• Teamwork, time management, creativity, and the ability to work under minimum supervision.
• High integrity, accuracy, attention to detail, and a commitment to quality and thoroughness.

HOW TO APPLY:

Candidates who had already applied need not re-apply. Interested persons should submit applications, CVs, and copies of academic qualifications, with two referees, addressed to:

The Human Resource Manager
Statewide Insurance Company Limited
Plot 1, Bombo Road
P.O. Box 9393
Kampala, Uganda.

Applications can be submitted at SWICO Head Office or emailed to [email protected] with the subject line “Senior Reinsurance Officer”.

Deadline: Friday, 13th September 2024, by 5:00 pm.

Note: Only shortlisted applicants will be contacted. If you do not hear from us within two weeks of submission, please consider your application unsuccessful.