Summary
Date Posted: Thursday, April 30, 2020 , Base Salary: Not Disclosed

JOB DETAILS:
Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. Our Mission is to provide outstanding financial services to our customers. Our Vision is to be the most trusted financial service partner. We aim to provide our clients, with an unmatched offering, ensuring first class solutions that help secure the future.
Reporting to the Chief Operating Officer (COO) General insurance, the job holder shall develop and manage underwriting and reinsurance activities in accordance with the company’s underwriting and reinsurance policy and standards so as to meet and exceed customers and shareholders’ expectations. .

Key Responsibilities
• Oversee underwriting and reinsurance activities of general insurance business in Kenya
• Vet all risks to ensure that only quality business is accepted into the company at acceptable rates to ensure profitability and achievement of the set loss ratio targets
• Implement the underwriting strategy, philosophy, policies and procedures
• Ensure achievement of the agreed renewals retention targets in Kenya
• Ensuring that the risks undertaken by the company are adequately covered through reinsurance programmes
• Manage relationships with clients, intermediaries and service providers to ensure agreed service level agreements are achieved and goodwill with all stakeholders is maintained
• Ensuring timely preparation of reports
• Supervision, appraisal, training and development of staff in the department
• Manage staff and resources, provide direction, set goals and ensure the department goals are attained.
• Delegated Authority: As per the approved Delegated Authority Matrix

Key Performance Measures
• Reinsurance accounting Program management
• Facultative business budget
• Timely security and risk placement
• Reinsurance cost

Qualification;
• A business related University Degree
• Professional Insurance qualification (CII or IIK) • Must have a minimum of 5 years’ experience in reinsurance field.
• In depth understanding of insurance operations and concepts
• Knowledge of underwriting processes, procedures and concepts
• Knowledge of insurance regulatory requirements
• Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation

Job Education Requirements: Not Specified

Job Education Experience: Not Specified

Work Hours: 8

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