Jubilee Insurance Job Openings

Job Ref. No: JHIL068

Role Purpose

The job holder shall implement the company’s reinsurance program based on overall company’s objectives, underwriting and reinsurance philosophy and manage expectations of all reinsurance stakeholders.

Main Responsibilities

• Spearhead the design, negotiation, and renewal of reinsurance treaties in line with the business needs and regulatory guidelines.
• Communicating with clients, brokers, intermediaries, and other stakeholders to provide information on reinsurance policies and procedures.
• Design and implement an optimal reinsurance program for the all the group business entities.
• Providing technical guidance on business evaluation and acceptance in line with the reinsurance program, good underwriting practice and underwriting capacity
• Crafting, implementation and review of reinsurance strategy, policy, and guidelines in line with business strategy and various regulatory requirements
• Ensure timely collection of premiums & timely remittance to reinsurance partners.
• Ensure that all risks accepted are properly reinsured in line with the reissuance contracts in place and the company reinsurance strategy document.
• Regular review of the reinsurance premium register to ensure risks are ceded optimally and in line with the reinsurance arrangements in place.
• Ensure timely facultative placement of any risks beyond company’s capacity with approved securities.
• Seek for competitive terms and special acceptance for treaty excluded risks from the reinsurers either directly or through reinsurance brokers.
• Ensure compliance with internal and statutory requirements governing risks placements and timely reinsurance data submission to the IRA.
• Prepare reinsurance underwriting and claims statistics on a regular basis.
• Ensure timely preparation and submission of reinsurance periodical returns in line with treaty terms and conditions.
• Collaborating with other departments to ensure overall company profitability.

Key Competencies

• Customer Service
• Leadership Skills
• Interpersonal Skills
• Good analytical skills
• Ability to communicate effectively.
• Good understanding of Medical Insurance products
• Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation.

Qualifications

• A Bachelor’s degree in a Business-related course (Risk Management, Insurance, Actuarial)
• ACII or AIIK insurance qualification
• Proficient in the use of Microsoft Office Suite and packages

Relevant Experience

• Must have a minimum of 5 years’ experience in the Reinsurance field.

Sales Training and Recruitment Executive

Job Ref. No: JHIL069

Role Purpose

The job holder will be responsible for developing and implementing training programs for the intermediaries as well as recruiting and onboarding new intermediaries

Main Responsibilities

• Designing and delivering training programs for intermediaries.
• Conducting regular training sessions for all intermediaries.
• Recruiting, interviewing, and onboarding new intermediaries while ensuring they receive adequate training and support.
• Measuring effectiveness of training programs and making improvements as needed.
• Building and maintain relationships with key stakeholders and the regulators.
• Working with the compliance department in line with intermediary trainings.

Key Competencies

• Customer Service
• Leadership skills
• Interpersonal skills
• Communication skills
• Good understanding of regulatory requirements and industry standards

Qualifications

• A Bachelor’s degree in a Business-related course
• ACII or AIIK insurance qualification
• Professional Training qualification will be an added advantage
• Proficient in the use of Microsoft Office Suite and packages

Relevant Experience

• Minimum of 4 years’ experience in a similar role

Assistant Manager – Intermediary Operations

Job Ref. No: JHIL070

Role Purpose

The job holder will be responsible for developing and implementing training programs for the intermediaries as well as recruiting and onboarding new intermediaries

Main Responsibilities

• Overseeing the day-to-day operations of intermediaries and ensuring they are receiving efficient and effective services.
• Building and maintain strong relationships with intermediaries and other stakeholders.
• Providing support and guidance to intermediaries on operational and regulatory matters.
• Developing and implementing policies and procedures to ensure the effective and efficient operation of intermediaries.
• Continuously identify and implement process improvements to enhance operational efficiencies and to reduce cost.
• Monitoring and analyzing performance data to identify areas for improvement and implementing changes as necessary.
• Ensuring compliance with regulatory requirements and industry standards.
• Collaborating with other departments to resolve operational issues and improve processes.
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• Working with the training person to develop training programs for intermediaries on new products, processes, and procedures.
• Participating in the development of new products and services and the implementations of changes to existing ones.
• Identify, assess, and manage operational risks ensuring that appropriate controls are in place to mitigate those risks.
• Build and maintain relationships with key stakeholders to ensure smooth and effective operations.
• Providing regular reports and updates to management on the performance of intermediaries.

Key Competencies

• Skills: leadership, interpersonal, communication, analytical, decision making and problem solving
• Good understanding of regulatory requirements and industry standards

Qualifications

• A Bachelor’s degree in a Business-related course
• Insurance Professional qualification
• Proficient in the use of Microsoft Office Suite and packages

Relevant Experience

• Minimum of 4 years’ experience in a similar role