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UAP Insurance Tanzania Jobs 2024
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…
Reinsurance Officer at UAP Insurance Tanzania May 2024
locations Dar Es Salaam
time type Full time
job requisition id JR-54503
Lets Write Africa’s Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
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
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
- Bachelors Degree (B): Mathematics With Acturial Studies (Required)
Education
Closing Date 31st May 2024
