African Reinsurance Corporation Assistant Claims Officer Jobs in Kenya

African Reinsurance Corporation Assistant Claims Officer Jobs in Kenya


Introduction of the Corporation

  • The African Reinsurance Corporation (Africa Re) is a pan-African financial institution with diplomatic status in its current 41 African member countries.

  • Headquartered in Lagos (Nigeria), Africa Re is the leading reinsurance company in Africa and the Middle East, with continental network of regional and local offices in Lagos (Nigeria), Casablanca (Morocco), Nairobi (Kenya), Abidjan (Côte d’Ivoire), Ébène (Mauritius), Cairo (Egypt) and Addis Ababa (Ethiopia) as well as two subsidiaries: Africa Re (South Africa) Ltd in Johannesburg and Africa Retakaful Ltd in Cairo (Egypt).

  • Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 114 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers.

  • The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A– by Standard & Poor’s.

  • Africa Re hereby invites applications from suitably qualified individuals to fill the position of Assistant Claims Officer at the Support Grade level in her Nairobi Regional Office, Kenya

    Job Details

    Responsibilities

  • The successful candidate will have the responsibility for managing the claims portfolio allocated to him/her and reporting to the Manager - Claims.

    Job Details

    The duties shall comprise amongst others

  • Review and acknowledge claims notification received from cedants and brokers

  • Maintain proper records of all claims notification and follow up to logical conclusion

  • Keep an audit trail of all reported claims

  • Ability to manage a portfolio - prompt review of reported claims and analyses of policy liability

  • Respond promptly and accurately to client and broker queries

  • Prompt processing of reported reinsurance claims recoveries and ensure reinsurance share are correctly calculated

  • Prepare claims files for management review and approvals

  • Reconciliation of cedants and brokers accounts

  • Follow up on claim payments and communicate efficiently to cedants and brokers

  • Provide and deliver quality services to cedants and brokers.

  • Prompt process and monitor the development of the outstanding claims provision

  • Prepare progress reports on claims development and any other management claim reports

  • Prompt request of claims supporting documents

  • Manage the follow up and reconciliation of cash call credit refunds

    Main Competencies

  • Strong technical knowledge and experience in all the classes of
    insurance business (underwriting and claims)

  • Proven experience in handling reinsurance claims recoveries

  • Practical knowledge of all types of reinsurance treaty and facultative arrangements

  • Very good knowledge of proportional and non-proportional treaty contract wordings and how the relevant clauses that affect the handling reinsurance claim recoveries

  • Stakeholder Management particularly with key re/insurance claims professional service providers

  • In-depth knowledge of appropriate insurance and reinsurance principles, practices and laws as applicable to different lines of business;

  • Strong analytical skills

  • Excellent oral and written communication

  • Negotiation and Presentation skills

  • Good use of MS Office applications (Word, Excel, PowerPoint, and Outlook);

  • Problem-solving abilities with strong decision-making capability

  • Ability to work with tight deadline and handle volumes efficiently

    Academic Qualifications

    Applicants shall be holders of:

  • Bachelor’s or equivalent degree with recognized institution of higher learning

  • Minimum of 5 years hand on experience in similar role

  • Relevant Professional qualifications will also be an advantage

  • Relevant work experience in a claims department of a reinsurance company or reinsurance and/or claims department of an insurance company is a must.

    Salary & Benefits

    The successful candidate shall have the following benefits:

  • Competitive Basic Salary on the Corporation’s Support Staff Grade Level

  • Variable pay (Annual Performance Bonus)

  • Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)

  • Children education subsidy for each child up to 26 years (maximum 4 children)

  • Medical cover for staff and family;

  • Housing Allowance

  • Inflation Adjustment that may increase or decrease depending on the economic situation

    Additional Requirements

    Applicants must also be:

  • Fluent in English language

  • Working knowledge of French is desirable

  • Ability to work in a multicultural environment

    How to Apply

    For more information and job application details, see; African Reinsurance Corporation Assistant Claims Officer Jobs in Kenya

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