Senior Reinsurance Officer

Reinsurance Administration:

• 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:

• Analytical Thinking
• Attention to Detail
• Relationship Management
• Negotiation
• Communication
• Problem Solving
• Organization & Planning
• Risk Awareness
• Team Collaboration
• Integrity
• Results Orientation.