African Reinsurance Corporation (Africa Re) is a leading African Reinsurance Company, with its Headquarters in Lagos, Nigeria. Africa Re has six Regional Offices which includes; Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation additionally, has one (1) Branch Office in GIFT City (India), one(1) Local Office in Addis Ababa (Ethiopia), two Underwriting Representative Offices in Kampala (Uganda) and Kinshasa (DRC) as well as three (3) Subsidiaries (Africa Re South Africa Limited in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and Africa Re Underwriting Agency Limited in Dubai (The United Arab Emirates).
Africa Re has a broad-based shareholding comprising 42 African member states, the African Development Bank (AFDB), 112 African insurance and reinsurance companies and three (3) non-regional shareholders including leading global Insurers and Reinsurers.
The Financial Strength and Credit Rating of Africa Re is A by A.M. Best Company and A by Standard & Poor’s.
The successful candidate will provide support to the Underwriting function of the Gift City office, within the group’s overall policy & guidelines and consistent with the highest standards of client service. The job holder shall report to the Principal Officer – Africa-Re Gift City Office.
The main duties of the Life Underwriting Officer shall comprise, amongst others, the following:
• Receiving, assessing and onboarding new business partners, including cedent and broker relationships, and assuring that an adequate KYC process is conducted, consistent with the Corporation’s Compliance guidelines.
• Reviewing and underwriting individual Life facultative risks for designated markets/clients, and making recommendations to the supervisor, in line with the Corporation’s underwriting guidelines. This involves pricing of risks and preparation of quotations.
• Cultivating and growing a profitable book of Life facultative business premiums from the designated markets/clients. This involves building relationships with brokers and cedents to negotiate and write new business and ensure a high retention level for renewing accounts. The candidate shall maintain a regularly updated production register of new business generated and/or increased shares.
• Support the principal officer during Life treaty renewals including review and validation of the completeness of submitted statistics and other information, draft quotations, and other associated tasks as requested by the underwriters.
• Monitoring the business bound and assuring that appropriate follow up is conducted to ensure timely receipt of reinsurance slips and premium closings, including the timely settlement of premiums in accordance with premium payment conditions and internal procedures.
• Accurate processing of contracts in the SICS reinsurance administration system and booking any endorsements and/or changes as they occur.
• Regular and timely running of production and various exception reports from the SAP Business Objects (BO) reporting module, and preparation of scheduled Management reports (monthly, quarterly and annual). Compliance with reporting deadlines is paramount.
• Assist the principal Officer to conduct effective marketing activities, including preparation of relevant business development materials, updating the client contact list, monitoring the marketing visit schedule, and other associated logistics. The job holder shall liaise closely with the Underwriting Unit Administrative assistant to ensure that client seminars and training events are effectively planned and executed.
• Proactive and timely preparation of renewal notices for facultative business and forwarding them to the respective cedants/brokers.
• Assisting the finance and technical accounting teams to conduct effective cedent and broker accounts reconciliation exercises, including follow up of any outstanding balances.
• Monitoring the Business Unit’s retrocession activities and assuring that retro contracts and associated retro processes are booked timely in the SICS reinsurance system. This includes a complete understanding of the Corporation’s retrocession administration processes, including scheduled batch orders and retro premium remittance procedures.
• Prompt response to customer requests consistent with established turnaround times and Service Level Agreements (SLAs).
• Assure that business records (reinsurance slips, underwriting information, etc.) are appropriately filed in strict compliance with internal guidelines for keeping of business records, contracts management, archiving and retrieval. The job holder shall ensure that SharePoint business records are well organized, complete and updated.
• Carrying out any other roles assigned by the principal officer on ad-hoc basis within the office.
Support Staff category
The successful candidate shall be based in GIFT CITY, India but may later be transferred to other regional offices of the Corporation.
• Strong technical knowledge and experience in Life insurance business (underwriting and claims).
• Practical knowledge and experience with most types of reinsurance treaty and facultative arrangements.
• Very good knowledge of proportional and non-proportional treaty contract wordings including the practical application of reinsurance principles and administrative clauses.
• Basic understanding of Non-life Insurance is an added advantage.
• Good knowledge of and experience in the Indian insurance and reinsurance markets including important dynamics and practices.
• Excellent stakeholder management particularly with re/insurance market contacts such as brokers and cedants’ Reinsurance officers.
• Strong analytical skills, including good command of MS Office applications such as Word, Excel, Access and PowerPoint. Ability to sort and organize raw data and internal reports for Management decision making.
• Excellent oral and written communication, including Negotiation and Presentation skills.
• Capacity for analyzing, synthesizing and reasoning. Keen attention to detail with an ability to retain strategic direction.
• Practical knowledge of the SICS reinsurance management system (a product of DXC Technologies) will be an added advantage.
• Problem-solving abilities with strong decision-making capability.
• Ability to work with tight deadlines and handle volumes efficiently, including working without close supervision and within established timeframes.
• Ability to work in a high performance, diverse and multicultural environment
Candidates for this position should meet the following qualifications and requirements:
• Possess a University Degree in Economics, Mathematics, Statistics, Business, Finance, Actuarial science or in any relevant discipline related to the role, plus a minimum of 5 years’ practical work experience - particularly in underwriting or reinsurance.
• Relevant work experience in the Life underwriting or reinsurance department of a reinsurance company or direct insurance company is a must.
• Relevant Professional qualifications (ACII or equivalent) is an added advantage.
The successful candidate shall have the following benefits:
a) Competitive Basic Salary on the Corporation’s Grade Level.
b) Variable Pay (Annual Performance Bonus).
c) Joint contribution to the Provident Fund (12% of the basic salary paid by staff and 12% by the Employer).
d) Children Education Subsidy for each child up to 26 years (maximum 4 children).
e) Medical cover for staff and recognized dependents;
f) Housing Allowance.
g) Transport Allowance
h) Inflation Adjustment allowance that may increase or decrease depending on the economic situation and inflation.
Applicants must also be:
a) An Indian National.
b) A good working knowledge of the second language (English or French) 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.
Applications can also be sent to admin.mauritius@africa-re.com
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 may suit the profile, qualifications and experience of the successful candida
CLOSING DATE FOR SUBMISSION OF APPLICATIONS
The deadline for submission of interested candidates’ applications shall be 30 June 2026.
