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Senior Underwriter- International (Treaty/Facultative)

Kenya Reinsurance Corporation

full time Nairobi Posted 18 hours ago

Academic Qualifications**

  • A Bachelor’s Degree in Actuarial Science, Statistics, Mathematics, Commerce (Insurance), Business Administration, or a related field.

Professional Qualifications****

  • Associate of the Chartered Insurance Institute (ACII – London) or Associate of the Insurance Institute of Kenya (AIIK) or equivalent.

  • Completion of a Supervisory Course lasting not less than two (2) weeks.

  • Proficiency in computer applications and underwriting systems.

  • Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Experience****

  • At least six (6) years of relevant work experience in insurance or reinsurance underwriting.

  • Advanced expertise in treaty and facultative reinsurance.

  • French language proficiency will be a distinct advantage.

Key Competencies**

  • Excellent negotiation, communication, and presentation skills.

  • Strong analytical and problem-solving abilities.

  • Proven underwriting experience with analytical tools and statistical packages.

  • Deep knowledge of reinsurance products, wordings, and market dynamics.

  • Sound judgment, attention to detail, and confident decision-making

Underwriting & Risk Assessment

  • Analyse, negotiate, and approve complex reinsurance treaties and facultative risks within approved authority limits.

  • Utilize actuarial data, market trends, and financial analysis to determine appropriate premiums, terms, and coverage structures.

  • Conduct thorough risk assessments and make informed acceptance/declination decisions.

 Business Development & Stakeholder Management

  • Build and maintain strong relationships with brokers, cedants, and retrocessionaires.

  • Identify new business opportunities and provide market intelligence for strategic planning.

  • Deliver excellent and responsive customer service to clients and brokers.

Portfolio Management & Analysis

  • Monitor portfolio performance to identify growth and profitability opportunities.

  • Reconcile accounts and verify treaty statements of accounts and facultative closings.

  • Analyse emerging issues and support resolution of complex underwriting challenges.

 Team Leadership & Development

  • Mentor and train junior underwriters.

  • Contribute to the development of underwriting policies and procedures.

Compliance & Governance

  • Ensure all underwriting decisions comply with company policies and regulatory requirements.

  • Perform any other duties as may be assigned from time to time.