Latest Recruitment at the African Reinsurance Corporation (Africa Re), 30th January, 2020

The African Reinsurance Corporation (Africa Re) is the leading African reinsurance company with headquarters in Lagos (Nigeria). Africa Re has six regional offices: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation equally has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and one Local Office in Addis Ababa (Ethiopia).

Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 114 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers. The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A–by Standard & Poor’s.

We hereby announce the vacancy for the position below in our Lagos, West Africa Regional Office:

Job Title: Assistant Underwriting Officer

Location: Lagos
Slot: 2 Openings

Responsibilities

• The Assistant Underwriting Officers support underwriters in daily activities (processing) that provide services to customers.

Duties / Job Details
The duties of the Assistant Underwriting Officers shall comprise amongst others:

• Perform underwriting support activities associated with information gathering of all businesses, renewals, and mid-term changes on behalf of the Underwriter.
• Prepare renewal and new business quotations proposals to cedants and brokers
• Maintain Proper records of all businesses offers and transactions received and concluded
• Working directly with Underwriters to help manage and support their renewal and new business book
• Ensure that all the treaties/facultative contracts are processed and the cover notes / slips / wordings signed and sent out to cedants and brokers
• Attending to client enquiries, social and business functions and other related activities for overall marketing effectiveness
• Assisting the finance team in viewing the reconciliation of cedant and broker accounts and chasing outstanding amounts due from them while also ensuring timely remittance of amount due to them.
• Any other duties that may be required or assigned

Qualifications and Experience

• First University Degree in relevant field;
• 2 Years of relevant work experience in Underwriting or Claims fields in the Insurance and/or Reinsurance industry.
• Additional professional qualifications in insurance and working knowledge in French language shall be an added advantage.

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Grade Level SS2
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and recognized dependents;
• Transport Allowance
• Housing Allowance
• Inflation Adjustment allowance that may increase or decrease depending on the economic situation and inflation.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Manager, Human Resource & Talent Development

Location: Lagos, Nigeria

Responsibilities

• Reporting directly to the Director of Human Resource, the Senior Manager, Human Resource & Talent Development will assist in leading the delivery of the Corporation’s People Strategy.
• As a key member of the HR leadership team, he / she will work in a varied generalist role to assist in the development and leading the HR functions across the Corporation, ensuring that HR aligns with the Corporation’s strategic business objectives.
• The Senior Manager, Human Resources & Talent Development will build and oversee a Learning and Development ecosystem for employees to increase their value proposition, enable personal innovation and growth, and enhance career development and succession planning.

Duties / Job Details
The duties of the Senior Manager, Human Resource & Talent Development shall comprise amongst others:

• Contribute in planning, organizing, directing and coordinating the Human Resources Department’s work plan and related resource planning and utilisation; assign projects and programmatic responsibilities; review and evaluate work methods and procedures; engage staff to prevent and / or identify and resolve problems;
• Assist in formulating and recommending HR policies, procedures and programmes in line with the Corporation’s strategies and priorities, in the different aspects of HR Management, including institutional capacity building; career development; staff mobility; performance management, compensation and benefits management, and employee health and well-being;
• Plan, organize, direct and supervise human resources planning, recruitment, placement, performance management, career development, compensation and benefits, and health and well-being of Corporation employees;
• Contribute in driving change management programmes and effective culture changes that are required to ensure the success of the Corporation;
• Contribute in the development and review of Corporation’s human resources policies, rules, regulations, norms and standards; ensuring their successful dissemination across the Corporation and alignment to international practice and HR / Legal requirements;
• Ensure that appropriate systems for performance management and development, communications, quality measures, monitoring and review are in place to support organizational change, culture and values.
• Design and deliver the Talent Development strategy that is aligned with the Corporation’s vision, mission, strategic objectives ,as well as operations
• Provide leadership and direction in the implementation of talent development strategy for the entire Corporation that will enhance leadership and skills acquisition with appropriate linkages to the operational strategy of the Corporation;
• Partner with key internal external stakeholders to assess and identify core competencies for each role, design and implement organizational competency models to drive transparency and objectivity in decision making around people;
• Assist in designing, building, testing and implementing leadership pipeline identification and development solutions;
• Advice staff, Identify and implement Individual Development Plans (IDP) and career development paths for each employee and assist staff in career planning.
• Attending to any other duty as may be assigned from time to time.

Qualifications and Professional Experience
Applicants shall be holders of:

• At least a Bachelor’s Degree or its equivalent in Human Resources Management, Organizational Development, MBA or related disciplines from a recognized university, with a minimum of seven (7) years post qualification relevant qualitative work experience;
• Eleven (11) years of extensive and progressive experience in Human Resource Management, five (5) years of which should have been at managerial role and/or in supervising a team and coordinating work programs or projects;
• A professional qualification in HR management, project management will be an added value;
• Relevant work experience in the financial services sector and/or in international finance institutions or at similar level is required.
• The successful candidate shall be based in Lagos (Nigeria).

Main Competencies Required for this Position

• Strong generalist HR experience, especially in; (i) supporting managers and staff in planning and implementing change (ii) employee relations, well-being and work life balance, (ii) people search, attraction, selection and retention, (iii) compensation design, implementation, and management, (iv) equal opportunities and employment policies, (v) management of HR information systems and processes (vii) performance management and assessment, (vi) people planning, career planning, and succession management;
• Demonstrable experience executing organizational transformational change and improvement of processes;
• Sound understanding of the business and operational needs with proven capacity to innovate, promote and direct change initiatives in corporate human resource policies and services in large Pan-African organizations and in a customer-centric and result-oriented environment;
• Sound analytical skills, with ability to build and analyse HR data accuracy including HR approved KPIs;
• Proven track record of HR and Talent Development Projects Management;
• Passion for Talent Development, with a genuine desire to grow other people;
• Comfortable working in a multicultural and geographically distributed environment and delivery high impact virtual solutions;
• Demonstrated ability to manage pan African scaled projects (e-learning programme and other training initiatives), work-prioritization, planning and coordination across teams and work streams;
• Ability to write, advise and develop policies, procedures and regulations related to staff development, and ability to write proposals for funding of training programmes.
• Ability to work well with all levels of management and across group operations
• Strong team player and proven leadership and managerial skills/experience;
• Result-oriented with demonstrable capacity to mobilize the appropriate resources to deliver results on time, aiming for operational excellence;
• Customer focused, with ability to identify and understand the current and future needs of internal and external customers and stakeholders, and provide excellent customer service, demonstrate responsiveness and perseverance until results are met;
• Open-minded and adaptable, with strong capacity to learn from synergies, promote all form of diversity within the teams and embrace differences to improve efficiency and performance;
• Interpersonal effectiveness: demonstrate empathy, show emotional intelligence, and anticipate conflicts and take the necessary action to resolve them;
• Accountability and commitment, with ability to promote and make sure the Corporation’s Rules and standards are adhered to, even under pressure, anticipate potential risks and actively contribute to joint decision-making, and take responsibility for;
• Exemplary behaviour, unquestionable integrity and proven sense of responsibility;
• Communicate and write effectively in French or English, with a good working knowledge of the other language;
• Bilingual (ideally), with the ability to deal with various cultures,
• Competence in the use of standard Microsoft Office Suite applications and ERP Systems (preferably Oracle HCM) and e-Recruitment systems and project management software like Share Point or any similar software.

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Professional Staff Grade Level
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and family;
• Housing Allowance
• Home leave to country of origin every year paid by the employer (if non-national)
• Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Manager, Risk Management, Compliance & Actuarial Services

Location: Lagos, Nigeria

Responsibilities

• Providing direct support to the Director of Risk Management, Compliance and Actuarial Services in the day-to-day operations of the department, implementing appropriate risk management processes and methodologies to handle risk-related issues across the Corporation.

Duties / Job Details
Under the supervision of the Director, the incumbent will carry out the following functions:

• Identify and report risks across the Corporation by conducting risk workshops and reviewing risk registers in line with the Corporation’s strategy
• Implement appropriate risk management processes and methodologies to handle risk-related issues across the Corporation
• Advise and coach production centres on risk management by establishing a standard risk management approach to be used across all areas of the Corporation
• Co-ordinate appropriate and timely delivery of risk management information in line with the Corporation’s risk management strategy and processes
• Liaise with risk champions to regularly collect risk and financial data and perform analyses on such data
• Update and manage the Corporation’s risk software
• Support in analysing data and assumptions to be used in risk and capital modelling
• Periodically review and maintain the Corporation’s risk and compliance related policies
• Monitor risk exposures and compliance with risk policies
• Liaise with business units to obtain KYC information on existing and new clients and business partners, as well as performing due diligence checks on such entities
• Manage business continuity plans
• Generate and prepare risk reports
• Support in enterprise-wide risk awareness initiatives and communication
• Support in coordinating rating exercises
• Any other duties as may be determined by the supervisor from time to time.

Competencies and Additional Requirements

• Sound knowledge in data analysis and interpretation of financial statements
• Excellent numerical and analytical skills
• Sound knowledge of the financial services and Insurance / Reinsurance industry
• Ability to multitask, learn fast, and proven capacity to work well under pressure
• Excellent communication and presentation skills, as well as proven writing skills
• Good interpersonal skills with ability to quickly build good and sustainable relationships with stakeholders
• Ability to work successfully in multicultural teams and across boundaries
• Very high integrity, good sense of responsibility, and able to maintain confidentiality
• Genuine commitment to highest ethical standards and to sustainable development
• Advanced proficiency in Microsoft Excel and excellent skills in other MS Office applications (Word, Access, PowerPoint)
• Must have occupied similar positions

Minimum Qualifications and Experience

• University degree and Master’s (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus 5 years post qualification relevant work experience

Or

• University degree (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus full professional qualification in a relevant field, and 5 years post qualification relevant work experience

Or

• University degree (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus 9 years post qualification relevant work experience
• Preferably, experience should be from a (re)insurance company
• Professional qualifications in Risk management and Actuarial science will be an added advantage
• Relevant Professional qualifications will be an advantage

Additional Requirements for Candidtates for this Position
Applicants must also be:

• Fluent in English and working knowledge of French will be an added advantage
• Nationals of Members state of Africa Re

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Professional Staff Grade Level
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and family;
• Housing Allowance
• Home leave to country of origin every year paid by the employer (if non-national);
• Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note: Africa-Re is an equal opportunity employer and offers good working environment commensurate with international organizations.