Summary
Date Posted: Tuesday, November 05, 2019 , Base Salary: Not Disclosed

JOB DETAILS:
Innovate General Insurance, a subsidiary of Innovate Holdings is a wholly owned Zambian Company with branches in Lusaka, Ndola, Kitwe and Solwezi.
The Company invites applications from suitably qualified individuals to fill the position of REINSURANCE MANAGER.
Purpose of the Job
To effectively and efficiently plan, organize, coordinate and control the reinsurance requirements for the Company. .

Job Responsibilities:
• Analyses the company’s risk portfolios presented by primary underwriters and determine risks retention levels for the company.
• Plans the company’s reinsurance programme to ensure timely negotiations of both treaty and facultative reinsurance with reinsurers and brokers.
• Verifies details of claims on the company and submits them to the reinsurers to ensure that they meet their obligations promptly.
• Negotiates and updates changes or amendments to treaty and facultative agreements approved by company management.
• Verifies a variety of reinsurance accounts and liaises with Finance Department for remittance or reinsurance premiums in accordance with the contract requirements.
• Markets and accepts inward reinsurance business for the company and secures the appropriate reinsurance protection for the business.
• Reviews working relationships with and competence of the reinsurers and reinsurance brokers advising management on the need to continue the relationships.
• Monitors and implements the department’s annual revenue and expenditure budgets to ensure that reinsurance requirements are adequately funded and controls expenditure within budget.
• To liaise with the reinsurers and brokers with the view of securing technical assistance in underwriting and claims handling management..

  Job Skills:
• Analytical ability
• Numerical skills
• Verbal and written communication skills
• Very good interpersonal skills
• Negotiation skills

  Job Qualifications:
• Degree in Business related studies
• Diploma /degree in insurance
• At least five years working experience in insurance 2 years of which should be in reinsurance

  Job Education Requirements:
• Degree in Business related studies

Job Experience Requirements:
• At least five years working experience in insurance 2 years of which should be in reinsurance

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Job application procedure
Interested candidates who meet the above stated requirements should submit their applications by e-mail to jobs.innovategroup@yahoo.com  . Applications should consist of letter and curriculum vitae for now and should be received by Friday 15th November 2019.

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