Qureos Mentor

Salama Insurance

<div>
 
 We are seeking a proactive and detail-oriented
 
 Assistant Manager &ndash; Facultative Reinsurance
 
 to join our dynamic team. In this role, you will manage the end-to-end facultative placement process, ensuring seamless coordination across underwriting, operations, finance, and claims teams. Your efforts will support timely facultative cover binding, claims recoveries, and adherence to internal and regulatory standards. You will also play a key role in fostering strong relationships with reinsurers and brokers, driving an agile and efficient reinsurance function.
 
 
 
 
 
 
 Job Responsibilities:
 
 
 
 
 
 <ul>
 <li>
 Arrange Facultative quote/support for General Lines of Business based on UW/OPS requirements
 </li>
 <li>
 Follow up with markets on timely manner to assist UW team to release terms to the client/broker
 </li>
 <li>
 Preparation of RI Working &amp; RI File Note to keep track on the placement/support and necessary closing in system
 </li>
 <li>
 Closely follow up with RI to bind cover on timely manner
 </li>
 </ul>
 
 
 
 <ul>
 <li>
 Receipt of RI Cover Note / Signed slips before processing necessary closings
 </li>
 <li>
 Process RI Closings/Credit Note and send to Reinsurers within 15 days from end of each month
 </li>
 <li>
 Coordinate with Finance Team and arrange Counter Invoices / VAT Invoices from Fac Reinsurers/Brokers
 </li>
 <li>
 Prepare Special Acceptance Requests and take up with Treaty RI wherever there is deviation in the treaty conditions as advised by UW/Ops Team
 </li>
 <li>
 Month closing in system including coordination with UW/Ops to ensure approval of policy/endt in the system before the deadline
 </li>
 <li>
 Update Facultative register which includes details of Ultimate RI, FAC Share of SI, premium and other details
 </li>
 <li>
 Arrange KYC for new Reinsurers/RI Brokers on boarding in coordination with Legal/Compliance Team
 </li>
 <li>
 Month closing in system including coordination with UW/Ops to ensure approval of policy/endt in the system before the deadline
 </li>
 <li>
 Involvement in the Core system development and provide inputs/testing based on RI parameters and requirements.
 </li>
 <li>
 Coordinate with all internal and external colleagues on RI related matters
 </li>
 <li>
 Provide training and mentorship to junior reinsurance or underwriting staff where needed
 </li>
 </ul>
 
 
 
 
 
 Job Requirements:
 
 
 
 
 
 <ul>
 <li>
 A
 
 university degree
 
 or equivalent academic qualification.
 </li>
 <li>
 
 Minimum 5 years of relevant experience
 
 in reinsurance or insurance operations.
 </li>
 <li>
 
 Proficiency in Microsoft Excel
 
 and strong data analysis capabilities.
 </li>
 <li>
 Excellent
 
 written and verbal communication skills
 
 .
 </li>
 <li>
 Strong
 
 listening and comprehension skills
 
 to understand underwriting requirements effectively.
 </li>
 <li>
 Demonstrated
 
 problem-solving and decision-making abilities
 
 .
 </li>
 <li>
 Excellent
 
 interpersonal skills
 
 with a collaborative mindset.
 </li>
 <li>
 Proven ability to work effectively in
 
 cross-functional teams
 
 , especially with reinsurers and brokers.
 </li>
 <li>
 High level of
 
 ethical awareness and professionalism
 
 when handling sensitive and confidential information.
 </li>
 </ul>
 
 
</div>

Assistant Manager, Reinsurance Facultative

Join Salama Insurance and explore 1   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

Salama Insurance

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Assistant Manager, Reinsurance Facultative