Company: TATIL Life Assurance Ltd.

Job Summary:

• Responsible for the administration of reinsurance treaties for Individual and Group Business within authorized limits. Maintains records and ensures compliance and regulations with CBTT. Ensures timely accounting, reporting and auditing.
• Researches and analyzes reinsurance prices and specifications. Liaises directly with the reinsurers to resolve any outstanding queries.
• Performs any business analyst function related to continuous improvement in the Reinsurance Administrative process for Life and Group Business.

Job Description:

• Demonstrates a thorough knowledge of the Company’s products and procedures, and a good understanding of industry regulations and compliance.
• Confirms the applicability of Reinsurance on insurance risk recognizing policy coverages and appropriate retention limits. Protecting the coverage rights of the company.
• Cedes the risk to the reinsurer according to the limits (auto or Facultative).
• Assist in the upgrade with Reinsurer to improve administrative process to maintain currency in the reinsurance process.
• Supports the Billing process by validating the accuracy of reinsurance billings and promoting prompt payment and collections.
• Verifying of premiums for all policies submitted for reinsurance from new business, contractual changes and termination.
• Reconciliation of reinsurance treaties ensuring that all policies submitted to the Reinsurer are included in each monthly statement.
• Liaises with Reinsurers on queries related to Reinsured policies.
• Monitors the reinsurance for Group and Life Claim analysis process. Serves as a resource for the Claim Administrator in the interpretation and applicability of reinsurance Treaties, Facultative Certificates, retrocessional or insurance contracts regarding payment, collection and reserve issues that arise.
• Regulatory compliance under CBTT, Group Internal Audit, external audit and other compliance and regulation.
• Submission of reports to the reinsurer
• Continuous review and assessment of the reinsurance portfolio in line with policy Issues, claims and Treaty standards.
• Provide information and recommendations pertinent to reinsurance decisions.

Qualifications & Experience:

• Bachelor degree in Business studies, Mathematics, Accounts Actuarial Science, Economics or related field an asset
• Professional Insurance qualifications such as LOMA – Reinsurance, ALMI
• Minimum of (2) year experience in Reinsurance and Three (3) years in Life Insurance or strong working experience.
• Technical knowledge of underwriting and the Insurance Industry relating to theories and practices.
• Sound knowledge of Reinsurance