Reinsurance Administrator

POSITION: REINSURANCE ASSISTANT

JOB SUMMARY:
The position is responsible for providing administrative support to the reinsurance department, ensuring efficient and organized operations. This role involves handling communications with reinsurers, managing documentation, and assisting in various tasks related to reinsurance processes.

QUALIFICATIONS:

• At least a 4-year college degree holder
• At least a year of work experience, preferably in the non-life insurance industry.
• Prior experience in insurance or reinsurance administration is advantageous.
• Willing to work in Ayala, Makati

DUTIES AND RESPONSIBILITIES:

• Ensure accurate encoding and timely release of Incoming Binders within the 30-day turnaround time after policy issue.
• Secure RI placements before issuance or expiry of the contract.
• Provide timely response to RI offers/advice within the 24-hour turnaround time.
• Monitor and ensure that expiry notices are sent out 90 days before expiry.
• Monitor and follow up on outstanding reinsurance acceptances, ensuring timely resolution.
• Keep track of key dates, such as policy renewals and expiry, to facilitate proactive actions.
• Coordinates RI payment with Collection.
• Coordinates loss advice with Claims.
• Prepare regular reports on reinsurance activities, including acceptance status, claims, and financial transactions.
• Provide data and information as needed for the management report.
• Accept/entertain Reinsurer's calls and inquiries.
• Follow-up on Outstanding RI Acceptances.
• Release RI documents for delivery.
• Proper filing of RI Binders and Acceptances.
• Performs other related functions as may be assigned from time to time.

Job Types: Full-time, Permanent

Pay: Up to Php16,400.00 per month

Benefits:

• Health insurance
• Life insurance

Ability to commute/relocate:

• Makati: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• Are you a graduate of a 4-year course?
• What is your expected monthly salary?

Experience:

• any work: 1 year (Required)

Work Location: In person