Reinsurance Officer - Arabic Nationality

Job description

We assisting one of our international banking client's hire a Reinsurance Officer for their Dubai office, UAE.



Job Title: Reinsurance Officer

Scope of Work: Assisting Sr. Reinsurance Officer in Treaty and Facultative Reinsurance related matters and carry out other assignments as required from time to time in Reinsurance Department.

Reporting to: Reinsurance Manager/ Sr. Reinsurance Officer

Duties and Responsibilities:  -                  

New Business:

Receive and review U/W Department request / Obtain Reinsurance support / Compare Client’s requirements with the Reinsurers proposed terms / provide all the R/I details to Underwriters / Advise Reinsurers the results / Coordinates with Reinsurers for new and renewal.

Other Activities:

  • Update the record of files in the computer (both materialized and not materialized / put in proper files the Reinsurance closings (Debit and Credit Notes).
  • Review requests for new Business and renewal.
  • Risk analysis and Risk Management.
  • Placement of Risk with approved International Reinsurers / Local Insurance Companies.
  • Follow-up with Reinsurers and Technical Department.
  • Processing Renewal of the Policies.
  • Drafting and typing of presentation to Reinsurers.
  • Assisting in reconciliation matters.
  • Claims handling with reinsurers
  • To prepare treaty statistics
  • To prepare treaty statement of account
  • To review treaty slips
  • To intimate large losses and claims under XL treaties
  • To liaise with Reinsurers/ RI Brokers for Treaty/ Fac related matters
  • To prepare treaty related reports on need basis as per the requirements

Internal Dynamics : Coordinates with Underwriting Department, Claims Department and Accounts Department as well as Branches of the Company.

Job Requirements: -                          

  • University Degree or Equivalent and minimum of 3 years of Reinsurance Experience
  • Insurance qualification will be an added advantage
  • Computer Knowledge
  • Fluency in English, proficiency in other languages is an advantage.
  • Experience in Reinsurance and Insurance.                                                      




Job Summary

  • Industry : Banking and Finance
  • No of vacancies : 1
  • Job type : Full Time
  • Location : Dubai,United Arab Emirates
  • Experience : 3 to 5
  • Driving License : Not required
  • Visa : To be provided by employer
  • Job code : JB453