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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 Manager (Technical).

Job duties and responsibilities
Strategic
  • Responsible for revenue growth and profitability for non-life resonance book of business.
  • Receiving and reviewing client reinsurance proposals and business offers; assessing such offers to ascertain adequacy of pricing and terms according to best practices, methodologies, tools for pricing and risk selection and WAICA Re underwriting guidelines, to determine whether to accept the offer.
  • Reviewing adequacy of conditions imposed on different types of reinsurance proposals, drawing up agreements and compiling contract wordings according to best practices, WAICA Re’s standard wordings and retrocession treaty terms.
  • Liaising with specialists such as risk surveyors, loss adjusters, actuaries, and engineers for risk assessment.
  • Rating, underwriting, and monitoring performance of non-life reinsurance accounts within the corporate underwriting guidelines.
  • Responsible for technical statistics for management, needed in decision making.
  • Ensuring effective credit control in line with the company’s credit policy.
  • Ensuring efficient and timely claims processing.
  • Managing the relationship with existing, new or prospective client relationships.
  • Identify initiatives to generate interest in cedants for profitable business development.
  • Marketing the Company to both existing and potential markets
  • Ensure prompt responses to queries from cedants and brokers on statement of accounts, facultative and claim settlements.
  • Analyze portfolio performance per market, class, cedant, contract etc. and making regular recommendations to the Senior Manager (Technical).
  • Ensuring that all deadlines in the performance of various duties and tasks set by management are met.
  • Ensuring proper SICs and Mfiles systems administration of underwritten business to ensure accuracy of data.

Candidate Profile

Qualifications & Competencies
  • University degree in Commerce, Actuarial Science, or a business-related field.
  • ACII or hold its equivalent.
  • 10 years of experience.
  • 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 19th April 2024 to: kenyavacancy@waicare.com

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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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