Job Duties and Responsibilities

• Analyse the risks and evaluate the exposure, adequacy of premium, terms and conditions of each risk accepted.
• Ensure that all acceptances are protected by proper reinsurance arrangement
• Obtain necessary underwriting information required to place the risk in the international /regional/local reinsurance market.
• Coordinate with reinsurance brokers for placement of each and every declaration in appropriate arrangement
• Place reinsurance directly to the market or through the broker whether on facultative or any other basis depending on the need of situation.
• Assist in administration of the Company outward reinsurance program.
• Follow up with broker/ceding company for timely submission of closing and accounting documents
• Review reinsurance closings for basic insurance coverage, terms and conditions, gross and net premiums commissions etc. and correspond / discuss with ceding companies as and when necessary.
• Prepare and ensure the accuracy of reinsurance slips / contracts
• Prepare reinsurance underwriting and claims statistics including outstanding claims and reinsurance recoveries
• Calculate reinsurance premium, profit commission and other reinsurance deductions and able to prepare relevant documentation.
   

Requirements

• Insurance qualification, ANZIIF or ACII, preferably University Graduate in Risk and Insurance Management or any related field
• 3 to 5 years relevant working experience for the reinsurance department of a General Insurance Company / Property & Casualty Reinsurance Company.
• Have a good knowledge of General Insurance company and the relative reinsurance protection.
• Knowledge of dealing with International Reinsurance markets and Brokers
• Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation

We offer attractive remuneration package including medical benefit, birthday leave and discretionary annual bonus, etc.

Interested parties please send resume indicating current, expected salary and availability to HR Department by clicking Apply Now.

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