Reinsurance Manager
AI summary
NCBA Group is hiring a Reinsurance Manager in Nairobi to provide technical reinsurance support, manage treaty and facultative placements, ensure accurate reinsurance accounting and claims recoveries, and maintain compliance with treaties and regulations. The role requires a bachelor's degree in Insurance, Actuarial Science, Finance, Economics or a related field, a professional qualification such as ACII or AIIK, and at least 7 years of relevant experience including 3 years in a senior specialist or managerial capacity.
- Senior reinsurance role at a major Kenyan banking group in Nairobi
- Requires 7+ years experience including 3 years in senior specialist or managerial capacity
- Professional qualification such as ACII or AIIK required
- Covers treaty and facultative placement, claims recovery, accounting and compliance
- Full-time position in the insurance job field
AI job guide
Use this guide to check salary signals, requirements, documents, application steps and safety before you apply.
AI salary guide
Not enough public dataNot enough public salary data is available for this exact role. Before applying, prepare to ask about gross pay, benefits, contract length, probation period, transport and any allowances.
Can you qualify for this role?
- Required7+ years of relevant experienceThe job post includes a minimum experience signal.
- RequiredEducation or certification mentioned in the postThe captured text mentions education, a diploma, certificate, or licence.
- PreferredPractical evidence in internship, technology, financeThe tags and summary point to skills connected with this role.
- RequiredAvailability to work in Not specifiedThe vacancy is associated with this location.
- UnclearComfort with the Full Time contract termsConfirm hours, duration, probation and benefits at the original source.
Documents to prepare
- Likely requiredUpdated CV
- Role specificCover letter or short employer message
- OptionalProfessional references
- Role specificAcademic or professional certificates
- VerifyID or passport only after verifying the employer
Application tips for this job
- Place your strongest Reinsurance Manager evidence in the first half of your CV.
- In your cover letter or employer message, connect your experience to NCBA Group and the role in Not specified.
- Add concrete examples related to internship, technology, finance, ideally with measurable outcomes or clear responsibilities.
- Follow the instructions from MyJobMag Kenya; avoid sending documents to unofficial contacts or copied links.
- Confirm the deadline, interview location and employer contact before sharing personal documents.
- Prepare a polite question about pay, benefits and contract terms for later interview stages.
Source and safety check
- MyJobMag Kenya
- Original source link available
- Application method is clear
- Deadline not specified
- No major risk signal was detected in the captured text.
Never pay for interviews, shortlisting, medical checks, uniforms, or job placement. Confirm every application at the original source before sharing personal documents. Report suspicious listing.
Interview preparation
- What experience makes you a strong fit for this Reinsurance Manager role in internship, technology?
- How have you handled responsibilities similar to those in this job post?
- Are you available to work in Not specified under the listed contract or schedule?
- Prepare examples with clear responsibilities, tools used and measurable outcomes.
- Review the source and research NCBA Group before the interview.
Ask what the first priorities will be in the role and how success will be measured.
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Original source description
Never pay for any notarisation, certificate or assessment as part of any recruitment process. When in doubt, contact us The new NCBA has harnessed the power of both NIC and CBA to create a bank that brings together the best of both worlds from cutting edge mobile banking to good old-fashioned relationship management; from scalable business banking to financial services that grow as your business does; from best-in-class choice of products to investment solutions tailored to your specific needs. Read more about this company Reinsurance Manager Job Type Full Time Qualification BA/BSc/HND Experience: 7 years Location Nairobi Job Field Insurance Job Purpose Statement The role provides technical reinsurance support to ensure that NCBA Insurance effectively manages risk exposure, secures appropriate treaty and facultative protection, and maintains financial stability. The role supports the development, placement, servicing, monitoring and renewal of reinsurance programmes in line with underwriting requirements, contractual obligations, regulatory expectations and internal governance standards. The role also supports accurate reinsurance accounting, claims recoveries, reporting and documentation to ensure transparency, timely settlement, reliable financial records and adherence to industry best practice. Key Accountabilities (Duties and Responsibilities) Reinsurance Technical Support & Placement Assess policies and portfolios to determine reinsurance requirements, retention levels and appropriate risk transfer solutions. Analyse underwriting data, exposures and loss history to recommend suitable treaty and facultative arrangements. Reinsurance Operations, Accounting & Reporting Ensure timely execution, renewal, documentation and system set-up of reinsurance agreements and treaty parameters. Ensure accurate recording and reconciliation of reinsurance premiums, claims, commissions and related balances. Maintain complete records of ceded and assumed reinsurance contracts and prepare contractual, regulatory and management reports. Claims Recoveries & Servicing Coordinate claims notifications, documentation, settlement follow-up and recovery tracking with reinsurers and brokers. Track recoveries and ensure timely recognition and reconciliation with Claims and Finance. Escalate disputed or delayed recoveries and support timely resolution. Support reinsurance-related reserving and unearned premium considerations. Audit & Compliance Ensure compliance with reinsurance treaties, underwriting guidelines, delegated authorities, internal policies and applicable regulations. Maintain complete documentation and audit trails to support governance and audit readiness. Monitor market and regulatory developments and advise management on relevant implications. Stakeholder Service & Collaboration Maintain effective relationships with reinsurers, brokers and other market stakeholders. Provide timely technical support and collaborate with Underwriting, Claims, Finance and other teams to ensure efficient processing and resolution of reinsurance matters. Learning & Growth Maintain a development plan aligned to role requirements, complete required learning hours and pursue relevant professional development in insurance and reinsurance. Job Specifications Academic and professional qualifications: Bachelor’s degree in Insurance, Actuarial Science, Finance, Economics, Business or a related discipline. Professional insurance qualification such as ACII, AIIK or an equivalent recognised qualification; reinsurance-specific training is an advantage. Membership in good standing of a relevant professional body, where applicable. Work experience: At least 7 years’ relevant experience: in general insurance and reinsurance, including a minimum of 3 years in a senior specialist, supervisory or managerial capacity. Demonstrated experience: in treaty and facultative programme design, placement, renewal, wording review, portfolio and exposure analysis, and application of retention and risk appetite parameters. Hands-on experience: in reinsurance accounting, bordereaux, reconciliations, claims recoveries, counterparty balances, regulatory reporting and audit support. Proven ability to negotiate and manage relationships with reinsurers and brokers and to influence senior internal stakeholders across Underwriting, Claims, Finance, Risk and Compliance. Strong analytical and reporting capability, with proficiency in insurance core systems, spreadsheets and data tools used for exposure, accumulation and performance analysis. Working knowledge of Kenyan insurance and reinsurance regulation, governance requirements, financial controls and relevant international market practice. Check how your CV aligns with this job Method of Application Interested and qualified? Go to NCBA Group on jobs.workable.com to apply Build your CV for free. Download in different templates.