The Senior Underwriting Officer supports Underwriters in daily activities (processing) that provide services to customers.
The incumbent will carry out the following functions:
a) Reviewing and underwriting individual risks for designated markets/clients, with recommendations to supervisor, in line with the Corporation’s underwriting guidelines.
b) Growing of premiums from the designated markets/clients – top and bottom-line growth. This involves chasing for new businesses and pushing for increased shares on renewable businesses.
c) Pricing of risks and preparation of quotations to cedants/brokers.
d) Preparation (and presentation during WARO monthly meetings) of unit’s performance reports(monthly/quarterly) or other from Business Objects reporting module. Compliance with reporting deadlines is paramount.
e) Accurate processing of premiums in SICS reinsurance system.
f) Maintenance of online facultative business documents file register.
g) Assistance in negotiation of facultative business contract terms/conditions with brokers/clients and making recommendations for supervisor approval.
h) Building strategic partnerships with key brokers/retrocessionares/cedants for placement of special and mega risks.
i) Conducting marketing activities for designated markets/clients to build client relationships and source for new businesses as well as maintaining reports.
j) Preparation of renewal notices for facultative businesses and forwarding the same to cedants/brokers to achieve a 99% renewal retention for existing businesses.
k) Assisting the finance team on reconciliation issues of cedants/brokers and chasing for outstanding balances whilst also ensuring timely remittance of amount due to them.
l) Chasing for statements for closed businesses and ensuring the outstanding closings report is updated for future follow up.
m) Manage and ensure risks are within the corporation’s underwriting capacity and liaising / retroceding risks that exceed the capacity to A rated securities for top line growth.
n) Timely and accurate processing of Retro premiums and ensuring that finance remits them on time to the Retrocessionaires or brokers.
o) Prompt response to customer requests per recommended turnaround times in the internal Service Level Agreements
p) Ensuring all the special treaties/facultative contracts are processed in the SICs reinsurance system and the cover notes/slips/wordings are signed timeously and sent out to cedants and brokers.
q) Training of clients and subordinates to build competencies.
r) Carrying out any other roles assigned on ad-hoc basis within the regional office.
Applicants must also be Nationals of member States of Africa Re
Support Staff category
The successful candidate shall be initially based in Lagos, Nigeria, but may later be transferred to other regional offices of the Corporation.
1. Strong technical knowledge and experience in all the classes of non-life insurance business. (underwriting).
2. Competencies in Underwriting of Energy, Oil, Gas and Aviation classes of business is paramount.
3. Good knowledge and exposure to insurance and reinsurance markets.
4. Practical knowledge of all types of reinsurance treaty and facultative arrangements.
5. Very good knowledge of facultative business contract wordings and clauses.
6. Stakeholder management skills particularly with key re/insurance partners such as reinsurance brokers and retrocessionaires.
7. In-depth knowledge of appropriate insurance and reinsurance principles practices and laws as applicable to different lines of business.
8. Strong analytical skills.
9. Excellent oral and written communication.
10. Capacity for analyzing, synthesizing and reasoning.
11. Negotiation and presentation skills.
12. Problem-solving abilities with strong decision-making capability.
13. Keen attention to detail with an ability to retain strategic direction.
14. Ability to work with tight deadlines and handle volumes efficiently.
15. Ability to work without close supervision and within established timeframes.
16. Good use of MS Office applications (Word, Excel, PowerPoint, and Outlook) and knowledge of integrated business-related software will be an added advantage.
17. Practical knowledge of SICs reinsurance management system will be an added advantage.
18. Ability to train subordinates.
a) Bachelor’s Degree or Equivalent in Insurance/Engineering or /relevant field
b) Minimum of 7 years of relevant practical work experience in Non - Life Underwriting department (specifically underwriting of special classes – Energy, Oil, Gas & Aviation in addition to the traditional classes of insurance) or Reinsurance in the Insurance and/or Reinsurance industry.
c) Professional qualifications in insurance will be an added advantage.
d) Relevant Working Exposure in a Multicultural Environment will also be an added advantage.
e) Relevant Working Exposure in a Multicultural Environment will be an added advantage.
The successful candidate shall have the following benefits:
a) Competitive Basic Salary on the Corporation’s Local Professional Staff Grade Level.
b) Variable Pay (Annual Performance Bonus).
c) Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the Employer).
d) Children's Education Subsidy for each child up to 26 years (maximum 4 children).
e) Medical Cover for staff and family.
f) Housing Allowance.
g) Dependency Allowance.
h) Transport Allowance
i) Inflation Adjustment (Cost of Living Allowance), which may increase or decrease depending on the economic situation, is paid in local currency.
Applicants must also be:
a) Fluent in English and/or French and having a working knowledge in the second language shall be an added advantage.
Interested candidates are requested to visit the Africa-Re website at https://www.africa-re.com/career to complete the online employment form.
Africa-Re is an equal opportunity employer and offers a good working environment commensurate with international organizations.
The Corporation reserves the right to appoint at the advertised grade level or at any other level that best suits the successful candidate's profile, qualifications, and experience.
CLOSING DATE FOR SUBMISSION OF APPLICATIONS: Friday, June 12, 2026
