Assistant Manager - Reinsurance - Orient

Job description / Role

Orient is an Al-Futtaim company, considered a leader in the regional insurance market with representation in the UAE, Oman, Egypt, Syria and Sri Lanka, and the only company in the Middle East that carries a combined ratings A Excellent from A.M. Best and A (strong) from Standard and Poor's.

Orient is also accredited with ISO 9001 Quality Management Certification. The company believes in a well structured transparent corporate culture, highly professional standards and integrity, clear strategy and employee empowerment.

The duties and responsibilities for this role are the following:

* Work with the underwriting departments to ensure good understanding of the written portfolios.
* Perform the internal and external daily correspondence, answering the queries under the supervision of Vice President - Reinsurance.
* Monitor the development of portfolios during the year and inward acceptances through obtaining different reports from IT system.
* Collect all renewal information and make sure of its correctness and do relevant analysis for proposing enhancements in the treaties.
* Prepare the required renewal information including As if statistics, risk profiles, statistical results, top risks, underwriting philosophy and major losses…etc.
* Answer to queries raised by brokers and underwriters as appropriate and follow up the pending issues.
* Review the placing slips, cover notes and wordings and raise his points to the next level of management.
* Prepare the relevant internal and external correspondence.
* Prepare the relevant bordereaux as required.
* Handle and follow up all claims exposing the XOL protection and provide all information up the claim is closed.
* Prepare the required reports for different institutions.
* Prepare the requested information by Rating Agencies.
* Monitor and update rating records of all reinsurers.
* Perform the daily administrative activities.
* Follow up on daily basis the developments in the international insurance markets through internet access.

Requirements

To be successful in winningthis role, the candidatemust possess the following qualifications:

* Holding a relevant university degree or an insurance qualification.
* Must have at least 5 years of work experience in reinsurance.
* Having good understanding of the principles and applications of reinsurance and can actively participate in designing the treaty arrangement.
* Excellent communication and interpersonal skills.
* Well versed in MS office applications, working knowledge in Premia will be an added advantage.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.