Reinsurance Administration Specialist

Old Mutual Nigeria - (See More Jobs) 4 ★ 1 Reviews

October 22, 2019
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Old Mutual Nigeria is recruiting for fulltime Reinsurance Administration Specialist.

Job Details

Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients' circumstances.

We are recruiting to fill the position below:

Job Title: Reinsurance Administration Specialist
REF: 1347/NIGE/EU/REINSURANCE ADMINISTRATION SPECIALIST/Nigeria/180919
Location: Nigeria
Category: Insurance 

Introduction

  • Individually accountable to performing routine reinsurance administrative duties while ensuring reinsurance information are recorded accurately. A Reinsurance Administrator specialist is fully multi-skilled across products & processes, and has extensive relevant experience.

Job Specification

Descriptor

•          Follows standardised processes and provides administrative support in line with normal business functioning.

•          Delivers on daily operational standards and adheres to service and quality standards.

•          Provides an indirect service to customers and intermediaries.

•          Responds to immediate requirements within procedure.

•          Uses standard administrative techniques to coordinate own work.

•          Product and process knowledge in different areas may differ but basic skills remain the same.

•          Fully multi-skilled across products and processes.

•          Has extensive, relevant experience.

 

Key Result Areas

Documentation Processing:

o    Efficient management of Facultative inward portfolio.

o    Monitor the company’s risk portfolios, analyse and recommend risks for facultative outward placements.

o    Debiting and processing of payment.

o    Prepare and render quarterly treaty returns.

o    Prepare and review paid & outstanding loss bordereaux.

o    Prepare and interpret various reinsurance statistics.

o    Ensure timely delivery of regulatory returns.

o    Follows standardized processes and provides administrative support in line with normal business functioning.

o    Weekly reporting.

o    Uses standard administrative techniques to coordinate own work.

o    Prepare meeting reports/ presentations.

o    Interface with the other departments.

 

Personal Effectiveness:

o    Accountable for service delivery through own efforts.

o    Individually accountable for managing own time, tasks and output quality for periods of 1 day to a maximum of 3 months.

o    Makes increased contributions by broadening individual skills.

o    Collaborates effectively with others to achieve personal results.

o    Accepts and lives the company values.

Quality Assurance:

o    Performs quality checks on own work.

o    Adheres to service and quality standards

Job Requirements

Min Required Experience:

Not Specified

Min Qualification:

Bachelor's Degree/HND

Desired Courses:

Not Specified

Other Requirements:

Qualifications and Experience

o    A first degree or its equivalent.

o    Good Analytical skills.

o    Technical/insurance product knowledge and relevant experience would be an added advantage.

o    Good knowledge of Microsoft office suite

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About Old Mutual Nigeria

  • Type: Private
  • Headquarters: 3rd Floor EDC Building 19 Adeola Odeku Road Victoria Island Lagos Nigeria

Old Mutual in Nigeria, comprising a Life Assurance and General Insurance business, is a subsidiary of Old Mutual Limited, a premium African financial services group that offers life protection, genera...Know More about Old Mutual Nigeria

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