Recruitment, apply for Coronation Insurance Plc recruitment 2024 below.
Gatekeepers News reports that Coronation Insurance Plc is a leading West African full-line insurance company offering a diverse range of products and services covering life, general, and special risk businesses.
Coronation Insurance Plc is recruiting to fill the position below:
Reinsurance Officer
Job Specifications:
Full Time
Required Qualifications: BA/BSC/HND
Location: Lagos | Nigeria
Job Description:
Principal Duties & Responsibilities
- Support the implementation of the reinsurance framework for new and existing products
- Apply organizational policies and procedures for processing a new application, renewal, cancellation and/or an alteration to an existing risk for the class of business being underwritten
- Participate in negotiation with reinsurance partners to derive competitive reinsurance arrangement
- Evaluate company’s portfolios to ensure adequacy of reinsurance against regulatory requirements
- Provide support on reinsurance system improvements through user acceptance testing
- Conduct analysis, improvement, and timely generation of assigned reporting for reinsurance department billing, collection, and reinsurance notification activities
- Validate that reinsurance arrangements are carried out in accordance with company’s reinsurance policies and regulatory requirements
- Manage reinsurer or broker relationships
- Review monthly account and collateral materials for a portfolio of reinsurance arrangements, ensuring a robust control framework and audit trail process is adhered to.
Qualifications and Requirements:
- First Degree in Insurance or related discipline.
- Minimum of 4-5 years’ experience in the Insurance Industry and experience in a reinsurance function
- Professional membership such as Chartered Insurance Institute of Nigeria is a key requirement
Skills and Competencies
- Able to identify indicators of compliance of reinsurance activities against reinsurance policies
- Able to negotiate with reinsurance partners to derive competitive reinsurance arrangement
- Able to monitor reinsurance activities effectively
- Able to provide accurate details on reinsurance status of the company from time to time.
- Able to identify and analyze factors affecting reinsurance arrangement
- Able to develop reinsurance objectives from company’s risk exposure policies
- Able to establish reinsurance policies for individual business lines
- Knowledge of standard policy wordings, extensions, and limitations
- Knowledge of IFRS 17
- Skilled in using Microsoft Excel and core insurance software
- Communication and Influencing skills
- Data analysis and Interpretation
Method of Application
Interested candidates should send resumes and credentials to careers@coronationinsurance.com.ng Using the Job Title as the Subject of the Email.
Deadline: October 16, 2024
Disclaimer: Gatekeepers News gets job vacancies from advertising agencies and other sources to inform the public about employment opportunities. Gatekeepers News or any agent does not seek any payment in whatever form for prospective candidates to apply. We, therefore, implore you not to pay for any job vacancies because they are not for sale, and we are not responsible for any loss that may arise as a result of this.
