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Introduction to the Corporation

WAICA Reinsurance (Kenya) Limited is a subsidiary of WAICA Reinsurance Corporation PLC (WAICA Re), a reinsurance company with operations in 7 African countries.

Job Purpose

WAICA Re (Kenya) seeks to recruit suitable candidates to fill the following position of Assistant Officer (Technical).

Job duties and responsibilities
Strategic
  • Analysis of business offers from clients to ensure that only good risks are accepted.
  • Continuous follow up of technical statements, facultative slips and closings.
  • Processing technical statements and facultative closings in the system.
  • Timely analysis and validation of claims to ensure that only the genuine claims are paid within stipulated timelines.
  • Maintaining cash call credit schedule, ledgers and following up outstanding cash call credits from cedants.
  • Handling of client queries
  • Updating and maintaining clients underwriting files in the system.
  • Ensuring that treaty and facultative contracts are created accurately in the system.
  • Continuous follow up on premiums debtors balances to adhere to the company credit management policy.
  • Assisting in reconciliations as may be required by cedants and brokers.
  • Any other duty as may be called upon from time to time

Candidate Profile

Qualifications & Competencies
  • University degree in Commerce, Actuarial Science, or a business-related field.
  • Intermediate professional qualification with the Chartered Insurance Institute, IIK or equivalent will be added advantage.
  • Proficiency in analyzing financial data.
  • Working knowledge of MS Office.
  • Excellent oral and written communication skills.
  • Detail oriented.
  • Excellent interpersonal skills.
Application Procedure

If you meet the requirements, you may submit your application with a detailed CV giving names of three referees, current remuneration and telephone numbers, by 15th October 2022 to: kenyavacancy@waicare.com

Introduction to the Corporation

WAICA Reinsurance (Kenya) Limited is a subsidiary of WAICA Reinsurance Corporation PLC (WAICA Re), a reinsurance company with operations in 7 African countries.

Job Purpose

WAICA Re (Kenya) seeks to recruit suitable candidates to fill the following position of Senior Officer (Technical).

Job duties and responsibilities
Strategic
  • To analyze risks and make appropriate recommendations.
  • Responsible for new and renewal premium in the region on assigned accounts for both treaty and facultative risks.
  • To identify new production opportunities through research of new and existing markets, products and works.
  • To process technical statements and facultative closings.
  • Maintaining cash call schedule, ledgers and following up outstanding cash call credits from cedants.
  • Following up on outstanding premium for assigned accounts to ensure that claims processing is done accurately and settled in a timely manner.
  • Prepares reports prior to any marketing visit to ensure all clients’ accounts are up to date.
  • Handling client queries within his/ her portfolio with a response time within 24 hours.
  • To monitor and validate claims to ensure that only the genuine claims are paid.
  • Where required, visiting, and engaging existing and potential customers including brokers regarding performance of the portfolio and opportunities.
  • Ensure that treaty and facultative contracts are created accurately in the system.
  • Assisting in reconciliations as may be required by cedants and brokers.
  • Ensure that all the deadlines in the performance of various duties and tasks set by management are met.
  • Command of the Reinsurance system including but not limited to keeping records of business offered, declined, and accepted on SICs system.
  • Run various underwriting/claims reports and contribute to system testing, ad hoc projects and research work.

Candidate Profile

Qualifications & Competencies
  • University degree in Commerce, Actuarial Science, or a business-related field.
  • CII Diploma/Associate or hold its equivalent
  • Proficiency in analyzing financial data.
  • Working knowledge of MS Office.
  • Excellent oral and written communication skills.
  • Detail oriented.
  • Excellent interpersonal skills.
Application Procedure

If you meet the requirements, you may submit your application with a detailed CV giving names of three referees, current remuneration and telephone numbers, by 6th January 2023 to: kenyavacancy@waicare.com

Introduction to the Corporation

WAICA Reinsurance (Kenya) Limited is a subsidiary of WAICA Reinsurance Corporation PLC (WAICA Re), a reinsurance company with operations in 7 African countries.

Job Purpose

The Assistant Officer, HR and Administration role is responsible for the provision of administrative support to the office staff and the implementation of approved HR policies. The role will take a lead in the management of various stakeholders including clients and employees. Working with the Manager, HR and Administration, the role seeks to ensure the achievement of both internal and external stakeholder experience through guidance from approved HR and Administration policies.

Job duties and responsibilities
Strategic
  • Supporting the smooth running of the front office department, where all aspects of the guest journey and experience are delivered to the highest level and efficiently operate the PABX
  • Administrative responsibilities like managing office consumables and supplies, managing the office outlook, distributing incoming mail and managing office expenses.
  • Managing the procurement process through sourcing, analyzing and documenting all goods and services through the system.
  • Implementing any HR policies and initiatives as guided by the Group HR policies.
  • Being actively involved in recruitment process by preparing job descriptions, posting advertisements, and managing the hiring process.
  • Developing training and development programs through identification of skill gaps.
  • Assisting in the performance management processes.
  • Timely updating of any changes in the labour laws and ensure alignment of policies.
  • Supporting the talent management process through recommending initiatives that enable future skills development.
  • Recommending processes, procedures, and technology solutions to improve HR processes management.
  • Supporting the development and implementation of HR initiatives and systems.
  • Any other HR and Administrative responsibilities as assigned.

Candidate Profile

Qualifications
  • A Degree in Human Resources or Social Sciences or Business Administration

Professional qualifications
  • Studying towards a relevant HR professional qualification.

Experience
  • At least 2-year experience in Human Resources Management
  • Handling both Human Resources and Administration shall be an added advantage
  • Experience from the insurance industry shall be an added advantage

Competencies
  • Excellent interpersonal skills and organisational skills
  • Excellent oral and written communication skills
  • Ability to find creative solutions with proven problem-solving capabilities, offering support as required.
  • Proactive and result oriented
  • Experience of working with IT systems on various platforms.
Application Procedure

A competitive remuneration package will be offered to the successful candidate. If you meet the requirements, you may submit your application with a detailed CV giving names of three referees, current remuneration and telephone numbers, by by 20th January 2023 to: kenyavacancy@waicare.com

Introduction to the Corporation

WAICA Re is one of the fastest growing reinsurance companies in Africa. WAICA Re is headquartered in Freetown (Sierra Leone) and operates through four (4) Regional Offices across Africa namely Lagos (Nigeria), Accra (Ghana), Abidjan (Côte d’Ivoire) and Tunis (Tunisia). It also has four (4) Subsidiary Companies namely, WAICA Re Zimbabwe Limited in Harare (Zimbabwe), WAICA Re Kenya in Nairobi (Kenya), an investments company namely WAICA Re Capital, Accra (Ghana) and WAICA Re (United Kingdom).

WAICA Re announces the vacancy of the position of Actuarial Officer to be based in any of our operating countries.

Job Purpose

The Actuarial Officer, under the guidance of the Group Head Actuary, is responsible for supporting both the life and non-life Departments through provision of specialist support of the valuation process and provide insights on the Group financial results and performance, while ensuring appropriate controls.

Job duties and responsibilities
Strategic
  • Support the implementation of IFRS 17 standard across the Group by developing a thorough understanding of the standard and supporting in the technical modelling and actuarial computations under IFRS 17.
  • Assist in the development of rates, rating plans and pricing strategies using actuarial techniques and competitive analyses.
  • Participate in the development of new products by carrying out cashflow projections on the profitability of proposed products.
  • Assist in carrying out experience analysis for the various portfolios and develop insights for use by the management.
  • Assist in the determination of the claims and premium reserves of the group and testing of the adequacy of historical reserves.
  • Data analysis and reconciliation of the data used for actuarial analysis between the underwriting and finance systems.
  • Assisting in the carrying out stress testing and in the calculations of the risk-based capital requirements for the Group.
  • Assist in the financial modelling of business scenarios/projects to inform business decision making
  • Assist the Business Units and Risk Department in identifying and quantifying risk (insurance, market, credit risks etc.) where appropriate.
  • Research on emerging trends, competitive conditions and operational changes.
  • Provide specialist support of the valuation process and provide insights on the group financial results and performance.
  • Develop and maintain tools to analyse actuarial data and results to enhance management reporting.

Candidate Profile

Qualifications & Competencies
  • Degree in Actuarial Science, Statistics or Mathematics.
  • Experience of working with IT systems on various platforms.
  • Hands-on experience with office equipment (eg copiers and printers).
  • Working knowledge of MS Office.
  • Excellent oral and written communication skills.
  • Excellent presentation with a professional and friendly appearance and disposition.

Professional
  • Studying towards an Actuarial qualification with at least 5 actuarial professional exams passed from the IFOA or SOA
Experience
  • 3+ years’ relevant actuarial experience.
  • Experience in non-life and life insurance valuations
  • Knowledge of IFRS 17
  • Prophet, DCS, VBA, SQL,R or any other programing knowledge would be advantageous

Experience
  • 3+ years’ relevant actuarial experience.
  • Experience in non-life and life insurance valuations
  • Knowledge of IFRS 17
  • Prophet, DCS, VBA, SQL,R or any other programing knowledge would be advantageous

Competencies
  • Strong technical skills and attention to detail.
  • Ability to communicate effectively to diverse technical and non-technical audience.
  • Ability to collaborate effectively
  • Ability to work on a range of deliverables
  • Ad-hoc projects: Support the delivery of relevant projects objectives.

Application Procedure

Interested Candidates for this role shall be required send an Application letter and a CV to vacancies@waicare.com. by 30th January 2023.

Introduction to the Corporation

WAICA Re is one of the fastest growing reinsurance companies in Africa. WAICA Re is head quartered in Freetown (Sierra Leone) and operates through four (4) Regional Offices across Africa namely Lagos (Nigeria), Accra (Ghana), Abidjan (Côte d’Ivoire) and Tunis (Tunisia). It also has four (4) Subsidiary Companies namely, WAICA Re Zimbabwe Limited in Harare (Zimbabwe), WAICA Re Kenya in Nairobi (Kenya), an investments company namely WAICA Re Capital, Accra (Ghana) and WAICA Re (United Kingdom).

WAICA Re announces the vacancy of the position of Investments Manager to be based in any one of our operating countries.

Job Purpose

The Investments Manager will be responsible for the overall development of investment strategies, managing investment portfolios, preparing and reporting on the analysis of investments and assist in the analysis of a variety of treasury activities including capital, liquidity and cash management, banking relationships, managing variety of internal and external risks such as foreign exchange risk, interest rate risk and investment operational risk. The successful candidate will work with Chief Finance officers from subsidiaries and report directly to the Group Chief Finance Officer.

Job duties and responsibilities
Strategic
  • Prepare and implement an annual investments strategy to help achieve the agreed Return on Investment KPI.
  • anage sourcing activities for investment funds including professional networking, strategy evaluation and due diligence in line with the approved Investment Policy and guidelines.
  • Develop and implement risk-based asset allocation model and performance analytics to prepare recommendations for Executive Management.
  • Monitor and evaluate portfolios by communicating with external managers and performance appraisals of the investments quarterly.
  • Investigate potential portfolio additions and reallocations that optimize the management of risk and long-term return of identified investment goals.
  • Prepare and analyze investment reports for Executive Management and the Board committee for effective decision making.
  • Supervise and coordinate activities of the investment team in sourcing, due diligence, monitoring and reporting on investments.
  • Direct internal investment research activities: evaluate existing and prospective investment managers, capital markets and other activities related to investment from quantitative and qualitative perspectives.

Candidate Profile

Qualifications & Competencies
  • Minimum of first degree or equivalent in business administration, finance, economics, investment, statistics or other relevant fields.
  • A Masters in Business Administration or equivalent will be an added advantage.

Professional qualifications
  • A professional qualification such as Chartered Financial Analyst (CFA) or its equivalent.

Experience
  • Must possess 10 years relevant working experience in investment/fund management with a minimum of 5 years in a managerial role.

Competencies
  • Must have good knowledge of investment instruments particularly Fixed Income instruments
  • Possess global market knowledge including good understanding of sustainable and green investing.
  • Ability to monitor and analyze investment portfolios and recommend changes when necessary.
  • Strong analytical skills with a high level of accuracy and attention to detail.
  • Ability to collaborate and communicate effectively to diverse stakeholders.
Application Procedure

Interested Candidates for this role shall be required send an Application letter and a CV to vacancies@waicare.com. by 20th January 2023.

Be Part of WAICA Re Culture and Discover a world of Opportunities

While we don't have any open roles right now, we're always on the lookout for talented people to join our ranks. Please feel free to send us your CV along with a covering letter to info@waicare.com

We provide reinsurance solutions for large and complex risks across business lines and borders.

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