Reinsurance Team Lead

Division: Technical

Job Profile


The Re-insurance Analyst will provide the required support in the implementation of Wapic’s reinsurance strategy. They will be involved in gathering data from internal and external sources to deepen understanding of risk transfer needs, pricing environment, available options as well as its impact on the organization


Functions & Responsibilities

        Identify facultative and treaty placement needs and annual contract language review/changes.

        Proactively identify gaps that may bring about recovery disputes          

        Provide support to corporate underwriting by tapping into reinsurance relationships for expertise in new products and providing reinsurance solutions to help manage underwriting risk appetite.

        Effectively manage treaty renewal process in conjunction with brokers, corporate underwriting and actuarial department to identify and gather information necessary for each reinsurance treaty submission.

        Provide comprehensive analysis related to reinsurance purchase including but not limited to analysis of received quotes, quoting behaviour, treaty structure, year on year changes in treaty cost, budget to actual treaty cost, comparison of direct policy pricing vs. facultative pricing, etc.

        Research on and profile reinsurance partners and clients

        Closely monitor treaty and facultative recoveries and ensure all identified reconciliation items on facultative accounts are acted on

        Consistently monitor and report on financial stability of reinsurance partners to management


Required Qualification /Experience/ Professional Membership

           A good first degree in social/physical sciences, preferably Insurance, Actuarial Science, Mathematics, Statistics, Finance or Economics. Preference will be given for MBA.

           An Insurance professional certification is compulsory



Required Skills / Competencies

     Knowledge and understanding of the Nigerian Insurance Sector

     Extensive Knowledge of core underwriting in all classes of insurance

     Extensive Knowledge of reinsurance in all classes of insurance

     Excellent customer relationship development/management

     Good negotiation, problem-solving and conflict resolution

     Creative and innovative

     Knowledge and understanding of commercial financial products


     Good product development and portfolio management capabilities

  • JOB ID:012
  • LOCATION:Ghana
  • CATEGORY:General
  • CLOSING DATE:31 Jul, 2017
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