Director, Central Operations & Special Risks at The African Reinsurance Corporation (Africa Re)

The African Reinsurance Corporation (Africa Re) is the leading African reinsurance company. The Corporation is headquartered in Lagos (Nigeria). Africa Re operates through its wide commercial network. Six (6) Regional Offices: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius); two (2) subsidiaries: African Reinsurance Corporation South Africa Ltd Johannesburg (South Africa) and Africa Retakaful, Cairo (Egypt); and one (1) Local Office in Addis Ababa (Ethiopia).We are recruiting to fill the position below:Job Title: Director, Central Operations & Special RisksLocation: LagosJob Type: Full TimeResponsibilitiesReporting directly to the Group Deputy Managing Director/COO (DMD/COO), the Director, Central Operations & Special Risks will assist central management in planning and implementing the strategy of the underwriting function and ensuring that the set targets and the overall goals of the Corporation are achieved.Duties/Job DetailsThe duties of the Director, Central Operations & Special Risks shall comprise amongst others:Under the dual supervision of the Group GMD/CEO and the Group DMD/COO, to design and negotiate cost effective and operationally efficient retrocession programmes in order to enhance the corporation’s ability to realise its objectives.Monitor the technical operations of production centres guiding them, giving back office support and repositioning them for better effectivenessSupervise the computation of the technical reserves of the corporation and submit the records to Management.In dealing with rating agencies, to ensure that the underwriting performance and the retrocession programmes are well understood and represented so as to enhance the reputation of the corporation.To initiate, guide and coordinate research activities related to the underwriting function so as to enhance the overall effectiveness of the corporationTo initiate and enhance relevant training activities for the benefit of ceding companies and staffTo monitor and guide the special risks operationsTo manage and monitor acceptance and underwriting authority levelsTo evaluate the potential impact on underwriting income and profitability of changes in pricing factorsTo ensure compliance with the Africa Re's policies and procedures for the processing of risksTo ensure authority limits and underwriting controls are used effectively to manage exposure for the region.To manage retrocession facilities in relation to the claims notification and investigation process.To determine and review the process for settling claims in line with own organization’s strategyAttending to any other duty as may be assigned by the Corporation’s executive management from time to time. 

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