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Assistant Manager Reinsurance & Claims Recovery

NIC Holdings Ltd

This is a Full-time position in Uganda posted March 18, 2022.

NIC Holdings Ltd Carreer opportunities in Uganda Assistant Manager Reinsurance & Claims Recovery Jobs opportunities in Uganda at NIC Holdings Ltd

# Job Description

Job Title: Assistant Manager Reinsurance and Claims Recovery
Reports to : Head Non – Life
Purpose: Act as a bridge between primary insurance agencies and reinsurance
companies through analyzing of insurance accounts, reviewing insurance plans,
and managing accounts for the reinsurance firms.

Key Result Areas
• Perform on reinsurance monthly, quarterly and yearly closing process.
• Ensure general ledger shows all accounting transactions for given period and
reconciliations are conducted.
• Evaluate and process utmost complicated domestic as well as international
reinsurance unspecified treaty accounts.
• Review profit commissions accounts and adjust retrospective premium.
• Perform calculation of unjustified premium and audit related treaty
provisions following treaty terms.
• Collaborate with accounts statements rendered by cedant.
• Recommend to management on implicit and ceded reinsurance account along with
policies and processing claims.
• Ensure to correctly maintain all account complying with agreements terms.
• Conduct balances recovery on complicated reinsurance accounts through
working with reinsurers.
• Identify key changes in losses incurred and leftover balance loss reserves.
• Prepare reinsurance analysis reports for management review.
• Develop financial illustrations for various pooling and captive
• Analyze reinsurance and claim coverage issues in the relevant reinsurance
contracts and/or insurance policies and provide analysis and coverage opinion.
• Drive active pursuit of reinsurance recoveries on delinquent or aging
reinsurance recoverable.
• Communicate well with reinsurers, in person, in writing, or by phone, to
continue to develop business relationship and report out on claims.
• Assist reinsurance underwriters with placements and renewals as requested.
• Ensure that appropriate documentation, implementation and communication of
established policy, procedures and operating standards is completed for area
of responsibility.
• Regularly monitors and evaluates activities to identify potential risks and
issues of non- compliance.
• Investigate and identify third parties, determines liability, and uses all
available resources to maximize the recovery.
• Post Action Plan outlining the course of action to bring the subrogation
claim to resolution with target dates.

• Bachelor’s Degree, insurance qualifications or equivalent experience.
• Seven 10years’ experience in Reinsurance Underwriting and Recovery.
• Strong verbal and written communication skills.
• Team player as well as capable of individual performance.
• Technical knowledge of multiple claims lines.
• Excellent organizational and time management skills.
• High level of integrity, takes accountability of work and good attitude over

Apply Online Now

Email:: [email protected]

All applications should be submitted by email to **[email protected]** not
later than 31st March, 2022 at 5:00 pm

We are an equal opportunity Employer, both female and males are encouraged to

Note: Only Shortlisted Candidates will be contacted.

NIC Holdings Ltd Carreer opportunities in Uganda Assistant Manager Reinsurance & Claims Recovery Jobs opportunities in Uganda at NIC Holdings Ltd

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