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Fresher Reinsurance Claims Officer Career Jobs – UAP Old Mutual Group
Job Title: Reinsurance Claims Officer (Fresher Career Jobs)
Organisation: UAP Old Mutual Group
Duty Station: Kampala, Uganda
About US:
The UAP Old Mutual Group is an integrated Financial Service business comprising Faulu Microfinance Bank, UAP and Old Mutual. The Group, which is operational in East Africa services to more than 1.2 million customers across Kenya, Uganda, Tanzania, Rwanda and South Sudan. The UAP Old Mutual Group now comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisitions resulted in Old Mutual Kenya UAP Holdings and Faulu Microfinance Bank, forming one of the largest financial services groups with a growing footprint in East and Central Africa. UAP and Old Mutual have been major players in the financial services market in East Africa for decades. The two entities have vast experience in Insurance, Investment, Asset Management and Banking, and are passionate about helping our customers achieve their financial goals.
Key Duties and Responsibilities:
- To manage effectively and efficiently the reinsurance claims function
- Register reinsurance claims.
- Review claim support documents shared.
- Recompute reinsurance share as per the signed placement slip.
- Process payment , communicate to the reinsurer.
- Timely notification of losses .
- Update reinsurers with all the required claim support documents except internal information.
- Keep a report on reinsurance claims.
- Advising finance on reinsurance claim payments made and keep receipts on claim files.
- Making of cash calls on the surplus claims that exceed the cash limit.
- Having an understanding on how to compute both facultative and treaty claims.
- Making of claim recoveries from other reinsurers
Qualifications, Skills and Experience:
- The applicant must hold a Bachelor’s Degree (B): Actuarial Science (Required), Bachelors Degree (B): Business Administration/Management
How to Apply:
All candidates should apply online at the link below.
Deadline: 16th April 2022
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