Reinsurance Officer at Coronation Insurance Plc

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• • Reinsurance Officer at Coronation Insurance Plc
  • View Jobs in Insurance / View Jobs at Coronation Insurance Plc

  Posted: Jun 24, 2026

  Deadline: Not specified

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  Coronation Insurance Plc has been in operations for over half a century, offering a comprehensive range of insurance coverage. Established in 1958, Wapic has built a strong franchise in the largest economies in Sub-Saharan Africa and operates two subsidiaries; Coronation Life Assurance Limited and Coronation Insurance (Ghana) Limited. The Company has a history of delivering efficient and transparent insurance solutions to discerning clients; a culture reflective of the strength and leadership which underpins the company’s foundation.
  

  Reinsurance Officer

  • Job Type Full Time , Hybrid
  • Qualification BA/BSc/HND , Professional Certificate
  • Experience 5 years
  • Location Lagos
  • Job Field Insurance&nbsp

  Principal Duties & Responsibilities

  • Apply organisational policies and procedures for processing a new application, renewal, cancellation and/or an alteration to an existing risk for the class of business being underwritten
  • Participate in negotiation with reinsurance partners to derive competitive reinsurance arrangement
  • Monitor company’s portfolios to ensure adequacy of reinsurance against regulatory requirements
  • Provide support on reinsurance system improvements through user acceptance testing
  • Conduct analysis, improvement, and timely generation of assigned reporting for reinsurance billing, collection, and reinsurance notification activities
  • Ensure reinsurance arrangements are carried out in accordance with company’s reinsurance policies and regulatory requirements
  • Review monthly account and collateral materials for a portfolio of reinsurance arrangements, ensuring a robust control framework and audit trail process is adhered to
  • Implement and manage an optimum reinsurance framework for new and existing products and standalone facilities for all geographies
  • Provide actuarial support by familiarizing with actuarial procedures and requirements of the company and/or assigned business lines

  What we are looking for

  Educational Qualification and Work Experience

  • Degree in Accounting, Insurance or related discipline.
  • Minimum 5 years’ relevant experience in similar role
  • CIIN membership is a key requirement

  Required Skills and Competencies

  • Able to identify indicators of compliance of reinsurance activities against reinsurance policies
  • Able to negotiate with reinsurance partners to derive competitive reinsurance arrangement
  • Able to monitor reinsurance activities effectively
  • Able to provide accurate details on reinsurance status of the company from time to time.
  • Able to identify and analyze factors affecting reinsurance arrangement
  • Able to develop reinsurance objectives from company’s risk exposure policies
  • Able to establish reinsurance policies for individual business lines
  • Knowledge of standard policy wordings, extensions, and limitations
  • Experience in managing, structuring and purchasing reinsurance treaty
  • Ability to manage large workloads and tight deadlines
  • Knowledge of IFRS 17
  • Able to apply advanced mathematical / actuarial concepts and techniques
  • Skilled in using Microsoft Excel and core insurance software

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  Method of Application

  Interested and qualified candidates should send their Applications and CVs to: [email protected] using the Job Title as the subject of the email.

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