Non-Life Reinsurance Manager
Al Jazira Takaful
Total years of experience :13 years, 9 Months
Key Responsibilities:
• Analyse the company’s risk portfolios presented by primary underwriters and determine risks retention levels for the company.
• Plan the company’s reinsurance programme to ensure timely negotiations of both treaty and facultative reinsurance with reinsurers and brokers.
• Verify details of claims on the company and submit them to the reinsurers to ensure that they meet their obligations promptly.
• Negotiate and update changes or amendments to treaty and facultative agreements approved by company management.
• Verify a variety of reinsurance accounts and liaises with Finance Department for remittance or reinsurance premiums in accordance with the contract requirements.
• Review working relationships with and competence of the reinsurers and reinsurance brokers advising management on the need to continue the relationships.
• To liaise with the reinsurers and brokers with the view of securing technical assistance in underwriting and claims handling management.
Key Responsibilities:
• Analyse the company’s clients’ portfolios presented by cedents and determine risk retention levels
• Plan the company’s clients’ reinsurance programme to ensure timely negotiations of both treaty and facultative reinsurance with reinsurers
• Verify company’s clients’ details of claims and arrange claims’ submissions to reinsurers to ensure that they meet their obligations promptly
• Negotiate and update change or amendments to cedents’ treaties and facultative placements
• Verify a variety of reinsurance accounts and liaise with finance department for remittance or reinsurance premiums in accordance with the contract requirements
• Market and accept inward reinsurance business for the cedents and secure the appropriate reinsurance protection
• Review working relationships with and competence of the reinsurers and cedents advising management on the
need to continue the relationships
• Monitor and implement the department’s annual revenue and expenditure budgets to ensure that reinsurance targets are adequately funded and control expenditure within the budget
• To liaise with the reinsurers and cedents with the view of securing technical assistance in underwriting and claims handling management
Key Responsibilities:
• Auditing of ceded business through prompt and thorough research and response to outstanding issues
• Carrying out the outward and inward reinsurance process in line with the guidelines and policies of UIB by
overseeing the ongoing administration of various reinsurance contracts
• Communication and managing large projects and initiatives
• Ensuring the company maintains a successful relationship with all internal and external reinsurance parties by
analyzing and accurately responding to inquiries
• Submit regular reviews of progress to the management
• Ensuring staff maintains robust detailed procedures and documentation for all processing and special projects
• Keeping claims up to date and working with reinsurers on outstanding unpaid claims to ensure a timely resolution
• Reviewing reinsurance settlements, staff statistics and related reports
• Follow the market trends and continuously refurbish knowledge on products and services
• Fulfil all SAMA requirements
Key Responsibilities:
• Auditing of ceded business through prompt and thorough research and response to outstanding issues
• Carrying out the outward and inward reinsurance process in line with the guidelines and policies of UIB by
overseeing the ongoing administration of various reinsurance contracts
• Communication and managing large projects and initiatives
• Ensuring the company maintains a successful relationship with all internal and external reinsurance parties by
analyzing and accurately responding to inquiries
• Submit regular reviews of progress to the management
• Ensuring staff maintains robust detailed procedures and documentation for all processing and special projects
• Keeping claims up to date and working with reinsurers on outstanding unpaid claims to ensure a timely resolution
• Reviewing reinsurance settlements, staff statistics and related reports
• Follow the market trends and continuously refurbish knowledge on products and services
• Fulfil all SAMA requirements
Highlight:
• Played key role in implementing various reinsurance arrangements including treaty and facultative reinsurance
protection for all classes of business written by the company.
• Actively involved in implementation of the company’s reinsurance program based on overall company’s objectives.
Maintain regular interaction with the company’s underwriting and finance department as well as with local, regional
and international reinsurance market based on business and operational requirements.
• Evaluate insurance proposals for assessing reinsurance applications by collating background information for
ascertaining anticipated risks.
• Calculate possible risks for finalizing premium amounts for individuals and organizations, recommending re-
insurance based on estimated risks.
• Negotiate terms with policy holders or brokers based on collated information and various types of reports acquired
from diverse sources.
• Liaise with various internal and external teams prior to specifying conditions to be imposed on various types of
policies.
• Research on insurance policies and negotiated with underwriters for identifying most suitable insurance policies
for clients at the best price
• Customize insurance cover in complex cases based on approval by insurance underwriters, surveyors and
insurers.
• Assist clients in understanding terms, extent of cover provided including making claims on policies aligned to
industry regulations.
• Update business status to the senior management and other stakeholders using detailed reports and presentations
to enable effective decision making.
Audit and Risk Review Group (ARR)
Assessed credit cards transactions to capture fraud transactions by using the bank's facilities and software and
delivered reports about counterfeit activities to
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