Engineering Jobs in Kenya 2013. African Reinsurance Corporation
Engineering Underwriter (PS 2)
The African Reinsurance Corporation (Africa Re), a pan-African International Financial Institution, announces a vacancy for the position of Engineering Underwriter in the Nairobi Regional Office.
A. Main Duties / Responsibilities
This position is for an Engineering Underwriter who will manage a portfolio of accounts (treaties and
facultatives) for cedants in East Africa.
B. Detailed Duties/Responsibilities
The successful candidate will have the direct responsibility of underwriting and developing the portfolio he/she is in charge of and shall report to the Regional Director.
The duties of the Underwriter shall comprise :
Negotiation for new and renewal of Reinsurance contracts;
Portfolio management and business relations;
Monitoring premium and claims payments;
Insurance Risk Surveys and assessments;
Assessment and Rating of Engineering risks;
Managing relationships with Cedants;
Compiling Performance Progress reports.
C. Key Performance Indicators
Premium production in line with budget and growth potentials;
Good claims management;
Good relationship with cedants;
Underwriting profitability in the class of business written;
Market/ Product expansion;
Reliability of forecast made on premium, claims and underwriting results;
Accuracy of data provided to management.
D. Technical Competencies Required For This Position
Applies the core principles of insurance to everyday situations;
Demonstrates an understanding of standard policy wordings, extensions and limitations;
Applies knowledge of what is needed for an insurance contract to be legally valid;
Demonstrates an understanding of underwriting capacity;
Knows and applies organizational underwriting philosophy;
Identifies data sources which can be used for pricing decisions and factors that can affect pricing;
Provides complete and accurate quotations for risks and apply the underwriting policy and guidelines;
Demonstrates awareness of the data that indicates how an underwriting portfolio is performing for own area of business;
Knows how claims notification information is used in the claims handling process for own area of business;
Manages the claims handling process to achieve timely settlement and minimize leakages;
Advanced technical competence in reinsurance & retrocession;
Good skills in business software tools: Word, Excel, PowerPoint, RMS;
Very good technical knowledge of reinsurance and retrocession.
E. Minimum Qualifications and Experience
Applicants not older than 40 years and should hold the following qualification:
First University degree in relevant field (Engineering) plus Masters plus 5 years post qualification relevant qualitative work experience with emphasis on risk surveys, underwriting/rating engineering risks and Reinsurance underwriting;
Or
First University degree in relevant field (Engineering) plus full professional qualification plus 5 years post qualification relevant qualitative work experience with emphasis on risk surveys, underwriting/rating engineering risks and Reinsurance underwriting;
Or
First University degree in relevant field (Engineering) plus 9 years post qualification relevant qualitative work experience with emphasis on risk surveys, underwriting/rating engineering risks and Reinsurance underwriting.
F. Additional Requirements For Candidates For This Position:
Applicants must be:
Nationals of member States of Africa Re;
Additional professional qualifications would be an added advantage;
Bilingualism (English/French) would be an added advantage;
Relevant work experience in a Reinsurance company or in the department of Reinsurance of an insurance company would be an added advantage.
G. Other Information
Salary and other conditions of service are competitive and comparative to what is obtainable in similar international organizations.
H. Procedure
Interested candidates for this position are requested to complete and submit the employment form online.
Closing date for submission of applications: 3rd May 2013
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