Reinsurance Officer

Reinsurance Operations

• Administer treaty and facultative reinsurance transactions in line with established procedures and contractual requirements.
• Support the processing of inward and outward facultative placements with approved insurance and reinsurance counterparties.
• Monitor reinsurance premiums, commissions, retentions, and other contractual obligations to ensure timely settlement.
• Follow up on outstanding treaty and facultative claims recoveries and resolve identified reconciliation issues.
• Review reinsurance documentation and transaction records to identify discrepancies and ensure accuracy.

Reinsurance Analysis & Accounting

• Support the preparation of reinsurance account entries, reconciliations, and related financial schedules.
• Assist in analysing reinsurance contracts, including limits, retentions, rates, deductibles, and other applicable terms.
• Monitor large losses and assess their implications for reinsurance recoveries.
• Provide relevant information for statutory, management, and reinsurance reporting requirements.

Reporting & Compliance

• Support the preparation of periodic reinsurance reports, treaty statistics, premium schedules, and renewal information.
• Maintain accurate records of reinsurance transactions and supporting documentation.
• Provide information required for internal and external audits.
• Ensure reinsurance activities are conducted in accordance with company policies, contractual obligations, and applicable regulatory requirements.

Stakeholder & Team Support

• Maintain effective working relationships with reinsurers, insurance partners, brokers, and internal stakeholders.
• Support treaty renewals, reinsurance projects, system enhancements, and other departmental initiatives.
• Provide accurate information and operational support to the Head, Reinsurance and other relevant stakeholders.

Requirements

Education Bachelor's Degree in:

• Insurance, Finance, Accounting, Economics, Business Administration Or a related discipline.
• Relevant professional qualifications in insurance or reinsurance will be an added advantage.

Experience

• 5–7 years of relevant experience within the insurance industry.
• Practical experience in reinsurance operations, treaty administration, facultative placements, or reinsurance accounting.
• Good understanding of insurance and reinsurance principles and practices.
• Experience working with reinsurance claims, premiums, recoveries, reconciliations, and contractual documentation.
• Familiarity with IFRS, insurance regulations, and relevant industry practices is desirable.