Coordinate the administration of treaty and facultative reinsurance arrangements.
Prepare and maintain reinsurance documentation, schedules, statements, and correspondence.
Ensure reinsurance transactions are accurately recorded and processed within agreed timelines.
Monitor treaty terms, conditions, limits, and obligations.

Reinsurance Placement & Coordination:

Support the placement and renewal of reinsurance programs in line with business requirements.
Liaise with reinsurance brokers, reinsurers, underwriting, claims, and finance teams on placement and operational matters.
Obtain and review reinsurance terms, quotations, and supporting documentation.
Assist with facultative placements for risks requiring additional capacity or specialized protection.

Reinsurance Claims & Recoveries:

Monitor reinsurance claims and recovery processes to ensure timely settlement.
Review supporting documentation for reinsurance claims and recovery submissions.
Follow up with reinsurers and brokers on outstanding recoveries and disputed claims.
Maintain accurate records of recoveries and related correspondence.

Reporting & Reconciliation:

Prepare periodic reinsurance reports, statements, and management information.
Reconcile reinsurance balances, premiums, commissions, recoveries, and outstanding amounts.
Identify discrepancies and work with relevant teams to resolve them promptly.
Support audits and regulatory reporting requirements relating to reinsurance activities.

Risk & Compliance:

Ensure reinsurance activities comply with internal policies, regulatory requirements, and approved treaty arrangements.
Monitor counterparty exposures and highlight potential reinsurance risks to management.
Maintain proper documentation and records for audit and compliance purposes.

Requirements
Education:

Bachelor's Degree in Insurance, Actuarial Science, Finance, Economics, Accounting, Business Administration or a related discipline.
Professional qualifications such as ACII, CIIN, or relevant reinsurance certifications are an added advantage.

Experience:

Minimum of 5–7 years of relevant experience in reinsurance, insurance operations, underwriting, or a related technical function.
Practical experience with both treaty and facultative reinsurance arrangements.
Experience coordinating with reinsurers, brokers, underwriting, claims, and finance teams.
Good understanding of reinsurance documentation, premium calculations, commissions, recoveries, and reconciliations.
Experience within the Nigerian insurance industry is strongly preferred.

Core Competencies:

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Consulting, business support, auditing Jobs in Ikoyi, Nigeria