Kenyan Alliance Insurance Reinsurance Supervisor Jobs
Kenyan Alliance Insurance Reinsurance Supervisor Jobs
Main Purpose of the Job- (Job Summary)The role holder is responsible for all operational aspects of the third-party recoveries undertaken by Kenyan Alliance Insurance through the courts.
Responsibilities
Treaty and Facultative Recoveries Role
Identification and follow up on excess of loss claims recovery from the treaty reinsurers.
Making provisional loss notification to reinsurers,
Making cash calls for large claims from reinsurers.
Facultative reinsurance placement of risks exceeding the treaty capacity.
Quarterly reconciliation and summarizing of treaty accounts in liaison with Finance department.
Processing of treaty renewal data and sharing it with the reinsurers.
Analyzing treaty wordings & cover notes, identify amendments and communicate to users.
Reconciliation and calling for payments of facultative accounts and calling for reinsurance treaty recoveries.
Subrogation Recoveries Role
Assessing, Commencing and following up Recoveries against Third Parties to completion.
Instituting direct recoveries by way of demand letters and documentation to third party insurers with a view to securing settlements out of the court process.
Maintaining a progress report of all third-party recoveries to keep track of their progress from inception to completion.
Issuing instructions to advocates to institute third party recoveries on behalf of the company.
Drafting and dispatching, receiving and responding to recovery litigation related correspondences.
Documenting subrogation recoveries to advocates and third-party insurers to facilitate recovery.
Ensuring third party recoveries do not fall below the periodic budgets of the company.
Attending Court and Testifying in proof of the company’s case(s) in recovery matters.
Ensuring service providers are paid in line with the Company’s claims philosophy.
Salvage Disposal Role
Plan and participate in salvage disposal as per company guidelines for recovery minimization of claims ratio.
Leadership and Administrative Role
Plan and participate in salvage disposal as per company guidelines for recovery minimization of claims ratio.
Supervising, mentoring and managing the performance of officer(s) seconded to the section.
Other duties management may impose from time to time.
Knowledge & Experience
The candidate must demonstrate and possess the following skills and qualifications:
A University Degree in a business discipline.
Insurance qualifications or progress in AIIK an added advantage
4 Year minimum working experience in a corporate setting
Excellent communication skills.
Excellent knowledge of Microsoft Office Packages,
Excellent application of customer service skills
Thorough understanding of Insurance Principles & processes,
Demonstrated Honesty & Integrity
Good interpersonal skills
Capacity for speedy and reasoned decision-making,
Method of Application
If you are interested in the position and have the required qualifications, please email a detailed CV indicatingthe current and expected salary and cover letter clearly indicating ‘REINSURANCE SUPERVISOR’ on the subject line to hr@kenyanalliance.com by 3rd July, 2022. Only shortlisted candidates will be contacted.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Jobs.
