Reinsurance Placement Officer

A Leading Insurance Broker Company In Bahrain

Bahrain

Posted
Ref: SP902-01

Job description / Role

Employment: Full Time

A leading insurance broker is looking to hire Reinsurance Placement Officers to be based in Bahrain. The job responsibilities will be as follows:

- Participate in reinsurance treaties arrangements and negotiations with reinsurers.
- Carry out facultative business placement and acceptance.
- To liaise with reinsurers for quotations, placements and renewal terms.
- Ensure collection of all claims recoveries (and payments) pertaining to treaty and facultative business.
- Timely and accurate reconciliation of reinsurance accounts on a monthly basis, making necessary adjustments as appropriate.
- To collect, collate statistics and provide technical information to facilitate decision-making.
- Any other duties assigned by your supervisor.

Requirements

The ideal candidate should have the following:
- Minimum of Bachelor degree.
- MUST have at least 2 year(s) of working experience in reinsurance underwriting or broking industry
- Solid understanding of reinsurance including underwriting, accounting, finance concepts
- Can work with minimal supervision and customer oriented
- Excellent communication skills (English).
- Proficiency with MS Office applications (i.e. MS Word, Excel)

About the Company

We are a leading insurance and reinsurance broking firm with a sound reputation among the insurance community in the Kingdom of Bahrain and in the region.

As part of a coherent approach to business development we provide international specialized insurance, reinsurance (including takaful and re-takaful) and advisory services to insurance and reinsurance companies and other corporate & commercial entities in its chosen regions.

Our team enjoys detailed knowledge and long-standing relationships that extend geographically to cover the whole Middle-East, Asia, Europe and Africa, which also assist international organizations with their insurance requirements in this region.

The Company is serving insurance needs ranging from the traditional lines to the most complex of risks and placing business with appropriate markets ensuring most effective solutions for their requirements.

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