Job description

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

DEPARTMENT: REINSURANCE DEPARTMENT       

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.