Re-Insurance Officer

Job Title: Re-Insurance Officer

Location: Lagos

Our client is one of the leading insurance firms in Nigeria with location across different states in Nigeria. They provide life insurance business and non-life Insurance business services to Organizations and Private individuals.

The Company is seeking to hire a Re-Insurance Officer who will among other thingslook after the various reinsurance arrangements and assist in implementation of the company s reinsurance program based on overall company s objectives.

Key Responsibilities:

• Perform on reinsurance monthly, quarterly and yearly closing process.
  
• Ensure the general ledger shows all accounting transactions for given period and reconciliations are conducted.
  
• Prepare monthly or quarterly journal entries relevant to reinsurance.
  
• Evaluate and process utmost complicated domestic as well as international reinsurance unspecified treaty accounts.
  
• Review profit commissions accounts and adjust retrospective premium.
  
• Perform calculation of unjustified premium and audit related treaty provisions following treaty terms.
  
• Recommend management on implicit and ceded reinsurance account along with policies and processing claims.
  
• Supervise and confirm all security actions involving letters of credit, funds withheld and trusts.
  
• Ensure to correctly maintain all accounts complying with agreements terms.
  
• Conduct balances recovery on complicated reinsurance accounts through working with brokers and re-insurers.
  
• Develop and maintain relations with collections unit to search and resolve complicated settlement issues.
  
• Identify key changes in losses incurred and leftover balance loss reserves.
  
• Prepare reinsurance analysis reports for management review.
  
• Develop financial illustrations for various pooling and captive arrangements.
  

Requirements

• Good First Degree in Insurance, Statistics, Accounting or any relevant field.
  
• Proficiency in the use of Microsoft Office.
  
• Minimum of 2 years Cognate experience as a Re-Insurance Officer or similar role.
  
• Good business writing and communication skills.
  
• Excellent numerical skills.
  
• Excellent team management skills.
  
• Strong attention to details.
  
• Willingness to learn on the job.
  
• Excellent customer service skills.
  
• Ability to work with minimal supervision and pay attention to details.
  

Benefits