Reinsurance Officer Job in Kenya

Directline Assurance

We are looking for a motivated and qualified professional to fill the position of Reinsurance Officer.

Overall Purpose of the Job: The role holder is responsible for placement of risks and reinsurance recoveries

Key Roles and Responsibilities

Assist in processing of statutory returns i.e. Reinsurance renewal returns

Assist in processing and negotiating treaty renewals for general and motor business.

Liaising with treaty leader and documenting the agreed terms / treaty slips on treaties with Reinsurers.

Placement of facultative business and ensuring acquisition of facultative business.

Assist in preparation of yearly reinsurance programme and circulating to claims, underwriting, marketing and finance

Preparation of treaty accounts i.e. quarterly accounts, premium Adjustment, Portfolio Accounts, Profit Commission

Processing of recoveries from reinsurers both facultative and Excess of loss.

Notify the reinsurer(s) of cash losses and pursue recovery of the same in a timely manner as per treaty terms.

Preparation of treaty summaries for consumption by the management

Ensuring that all businesses booked by the company follows proper reinsurance placements as per treaty terms.

Assist in dealing with routine treaty and facultative administration matters and account queries from Reinsurers.

Negotiate special acceptances of unusual risks and assist in setting up of new treaties in the system.

Identify reconciliation items on both treaty and facultative accounts and liaise with finance and credit control departments to ensure reconciliation is done in a timely manner

Ensure underwriting renewal process is streamlined by regular follow-ups with the branches on the status.

Risk Management Compliance - Assist in compliance to reinsurance and underwriting guidelines.

Internal Controls - Maintain risk register on a weekly basis,

Assist in preparation of renewal statistics before 30th September and the treaty cover slips before 31st December to the regulator.

Assist in preparation of quarterly and annual accounts six weeks after end of every quarter.

Competitive Analysis - Assist in reviewing Reinsurance Strategy.

Maintain a good relationship with our reinsurance partners.

Talent Management - Assist in training on basic Reinsurance principles to Underwriting team.

Any other responsibilities will be communicated to the Officer from time to time.

Person Specifications

Academic Qualifications & Professional Qualifications

University degree in Insurance & Risk Management Option/Marketing/Business Administration/Finance or equivalent from an institution recognized by Commission for Higher Education

Diploma in insurance (CII) or its equivalent

Proficiency In Short Term Reinsurance Practice ( Zep Re Academy) or local equivalent (AIIK) will be an added advantage

Member of a relevant professional body


Minimum five (5) years’ relevant experience in the Insurance Industry two of which must be in a reinsurance company, reinsurance broker or reinsurance function in an insurance company

Excellent knowledge and understanding of contemporary risk management principles, practices and reporting

Technical competence and experience in underwriting all classes of insurance

Skills and Attributes

Excellent communication, negotiation and interpersonal skills

Excellent planning and organization skills

Excellent problem solving and decision making skills

Excellent knowledge of industry rules and regulations

Results oriented and customer focused

Excellent analytical skills and strong appetite for numbers

Strong supervisory and leadership skills in managing team performance

Excellent presentation skills

High standards of integrity and professionalism

Self-initiative and innovative

Key account management skills

Computer literate in MS Office and other office applications

Strong understanding of the working environment and competition

Application Instructions

If you qualify for the above advertised role, kindly send us a detailed CV and Application Letter clearly demonstrating your fit as per the roles & responsibilities and the person specifications (academic/professional qualifications, experience, skills & attributes) listed above.

Applications that do not conform to the Application Instructions will not be considered.

Kindly send your application documents to to reach us on or before 5.00pm Friday, 19th May 2023.