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Saturday, 30 April 2022

New Job Vacancy at UAP Insurance Tanzania - Reinsurance Officer

  AjiraLeo Tanzania       Saturday, 30 April 2022
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AJIRALEO TANZANIA
UAP Old Mutual Group
Jobs in Tanzania 2022: New Jobs Vacancies at UAP Old Mutual Group 2022
New Job Vacancies UAP Old Mutual Group 2022, Ajira Mpya Tanzania, Nafasi Za Kazi, Jobs In Tanzania
UAP Insurance Tanzania is a member of the UAP Old Mutual Group in East Africa, which is a subsidiary of Old Mutual Limited (OML). UAP Insurance has been in operations in Tanzania since 2013 following the acquisition of the majority stake in Century Insurance Company.
We are proud of our contribution in the growth of the Insurance Industry and our commitment is to enable our customers achieve their financial goals through the provision of innovative insurance solutions.

UAP Insurance Tanzania contributes to the communities that we operate in through CSR activities in education, health and social welfare and participates in industry initiatives aimed at improving financial literacy and inclusiveness in the country.
The Company operates a large footprint in the country with offices in all major cities and now wishes to recruit a high caliber individual to fill the following position below...
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Reinsurance Officer
Position: Reinsurance Officer
Job Description

To monitor the various reinsurance arrangements including treaty and facultative reinsurance protection for all classes of business written by the company in line with the companies operating manuals

Key outputs
The following key outputs are required from this role.
  • To perform routine reinsurance administrative duties, such as maintaining records.
  • To verify and process payments for reinsurance companies by providing status reports on payments.
  • To organize and prepare monthly and quarterly reports on reinsurance
  • To record reinsurance information accurately.
  • To perform reconciliation of premium billing statements, WHT tax calculations and maintain various reinsurance registers.
  • To provide guidance to underwriting, claims and finance teams on reinsurance.
  • Train new staff on the Reinsurance product
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Deliverables (work elements)

The following detailed outputs are required from this role.
  • To analyze the risks accepted and ensure risks are yielded properly
  • To obtain all necessary underwriting information required to place the risk in the reinsurance market.
  • To arrange proper reinsurance protection as and when required
  • To manage the administration of the reinsurance activities
  • To monitor timely submission of closing and accounting documents as well as for settlement of premium recovery of claims from reinsurers
  • To maintain accuracy of reinsurance contracts with reference to original terms at which reinsurance is accepted
  • To maintain efficient communication lines between the company and brokers
  • To prepare reinsurance underwriting and claims statistics on a regular basis and update the same at periodic intervals as per requirements.
  • To review reinsurance payments/recoveries relating to reinsurance premium, commissioning and claims
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Skills
Education
  • BA: Actuarial Science (Required)
The deadline for submitting the application is 04 May 2022.
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