Head of Re-Insurance & Claims Department
Job Description
Title: Head of Re-Insurance & Claims Department
Company Name: Sikder Insurance Company Limited
Vacancy: Not specific
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ 04 years Graduation /Post Graduation Degree in any discipline.
Experience Requirements:
∎ At least 15 year(s)
Job Context:
∎ Sikder Insurance Company Limited is a place where you can plan your career with the exposure to unique challenging experiences, utilization of your creativity and expertise. You may be part of our bright, energetic and dedicated team. We are looking for innovative, self-motivated, proactive, target & result-oriented professionals for the following positions for immediate recruitment:-
∎ Job Location : Head Office.
Job Responsibilities:
∎ Analyze the risks accepted by the reinsurance department and evaluate the captive exposure, adequacy of premium, appropriateness of the terms and conditions of each and every risk accepted.
∎ Ensure that all acceptances are protected by proper reinsurance arrangement on a back to back basis without any gaps in risks accepted and reinsurance protection availed.
∎ Obtain all necessary underwriting information required to place the risk in the international /regional/local reinsurance market.
∎ Coordinate with reinsurance brokers for the placement of each and every declaration to the appropriate reinsurance arrangement
∎ Coordinate with reinsurance brokers for the placement of each and every declaration to the appropriate reinsurance arrangement
∎ Arrange proper reinsurance protection as and when required.
∎ Place reinsurance directly to the market or through the broker whether on facultative or any other basis depending on the need of the situation.
∎ Review Insurance closings for basic insurance coverage, terms and conditions, gross and net premiums commissions etc. and correspond / discuss with ceding companies as and when necessary.
∎ Follow up with broker/ceding company for timely submission of closing and accounting documents as well as for settlement of premium from ceding companies and recovery of claims from reinsurers.
∎ Prepare reinsurance slips / reinsurance contracts ensuring its accuracy with reference to original terms at which reinsurance is accepted.
∎ Maintain efficient communication lines between reinsured company and brokers.
∎ Prepare reinsurance underwriting and claims statistics including outstanding claims and reinsurance recoveries there from on a regular basis and update the same at periodic intervals as per requirement.
∎ Review reinsurance payments/recoveries relating reinsurance premium, commissioning and claims.
∎ Calculate reinsurance premium, profit commission and other reinsurance deductions and able to prepare relevant documentation.
∎ Good knowledge of dealing with International Reinsurance markets and good relation with international reinsurance underwriters.
Additional Requirements:
∎ Minimum of 15 years experience in reinsurance field in non-life insurance company.
∎ Professional Insurance qualifications (BIA/CII/ACII) will be preferable.
∎ Candidate should be smart, energetic, strong personality, hard working & self motivated with sound physical & mental health.
Salary:
∎ Attractive salary will be offered for deserving candidates.
Compensation & Other Benefits:
∎ As per Company's policy.
Application Deadline: September 19, 2019
Company Information:
∎ Sikder Insurance Company Limited
Category: Bank/Non-Bank Fin. Institution
