Summary
Date Posted: Tuesday, December 17 2024, Base Salary: Not Disclosed

JOB DETAILS:
JOB TITLE: REINSURANCE EXPERT
• GRADE: P3
• DUTY STATION: Lusaka
• REPORT TO: Senior Insurance Expert – Council of Bureaux Secretariat
• BASIC SALARY SCALE: COM$ 52,218.00 – COM$ 64,181.00 per annum

A. JOB PURPOSE
The Reinsurance Expert shall be responsible for the management of an effective implementation of the COMESA Yellow Card Scheme (the Scheme) under the Council of Bureaux Secretariat. She/He will preside over the implementation of policies, procedures, and guidelines for the Scheme. She/He shall ensure proper implementation of Yellow Card Scheme in relation to administrative, technical, risk management, and reinsurance activities.

B. MAIN DUTIES AND ACCOUNTABILITIES
Under the direct supervision of the Senior Insurance Expert and the general supervision of the Chief Executive Officer, the incumbent of the post shall be responsible for the following duties:
1. Assist in the implementation and coordination of the Scheme in the Member Countries.
2. Assist with reviewing the Pool Managers’ reinsurance structure and soliciting competitive reinsurance terms for the Common Excess of Loss reinsurance treaty.
3. Facilitate Reinsurance Pool Coordination by managing the interaction between the National Bureaux and the Reinsurance Pool.
4. Undertake studies to support product enhancement of the Yellow Card Scheme.
5. Assist with developing and implementing marketing activities of the Yellow Card Scheme business.
6. Undertake review of the key performance indicators of the Pool Managers on a quarterly basis.
7. Facilitate investigations of claims reported by the National Bureaux and provide necessary technical guidance.
8. Assist with the review of the Yellow Card Scheme implementation by National Bureaux, and enforcing compliance with guidelines from the relevant instruments and inter-bureaux agreements.
9. Prepare technical reports on the performance of the reinsurance Pool as input to financial reporting.
10. Undertake the monitoring and evaluation of the key performance indicators as guided by the Yellow Card Scheme strategic plan implementation.
11. Undertake annual technical training of National Bureaux staff on underwriting and claims management of the Yellow Card Scheme.
12. Assist with the review of the adequacy and competitiveness of the National Bureaux rating structure of the Yellow Card Scheme.
13. Undertake review of National Bureaux risk appetite and determination of optimal retention capacity.
14. Assist with the implementation, monitoring, and evaluation of institutional risk management by National Bureaux and other stakeholders.
15. Collaborate with stakeholders to define and provide business requirements for enhancements to the Digital Yellow Card (DYC) system, ensuring alignment with Reinsurance Pool operational needs and user expectations.
16. Any other related duties as assigned by your supervisor, from time to time.

C. PERSON SPECIFICATION
a) Education / Professional Qualifications
The candidate must:
• Have at least a bachelor’s degree in either Insurance and/or Risk Management, Quantitative Studies, Commerce or Business Studies.
• Be a holder of an internationally recognized professional Insurance qualification (e.g., Associateship of the Chartered Insurance Institute (ACII) or Fellow of the Insurance Institute of South Africa (FIISA)). Equivalent and internationally recognized qualifications for Francophone countries should also be considered.
• A Master’s Degree in any of the above fields will be an added advantage.

b) Experience
• Have at least 8 years’ experience in reinsurance, five of which should be at middle management level.
• Experience in Regional Integration issues would be an added advantage.
• Have experience and exposure to regional conference procedures.

c) Technical Skills
1. Strong interpersonal and communication skills and the ability to work effectively with a wide range of constituencies in a diverse community.
2. Demonstrated professionalism in reinsurance and risk management.
3. Excellent planning, organizational, analytical, and decision-making skills.
4. Excellent and proven experience in management, and a firm belief in teamwork.
5. Up-to-date computer literacy.

GRADE AND PERIOD
Both posts shall be professional category at P3 level and regular posts under Council of Bureaux Secretariat established professional staff contracts.

E. REMUNERATION
Remuneration will be in accordance with the Council of Bureaux Secretariat Conditions of Service for established Professional Staff.

F. LANGUAGES
Applicants must be fluent in English. A working knowledge of French will be an added advantage.

G. PERIOD OF APPOINTMENT
The incumbents of the two posts will be appointed for a period of four (4) years and shall be eligible for re-appointment subject to satisfactory performance.

H. ELIGIBILITY FOR APPLICATION
The position is open to qualified applicants who are from the following eligible Yellow Card Scheme Participating Member Countries:
• Burundi, DR Congo, Djibouti, Eritrea, Ethiopia, Kenya, Malawi, Rwanda, Sudan, Tanzania, Uganda, Zambia, and Zimbabwe.


Work Hours: 8

Experience in Months: 96

Level of Education: Postgraduate Degree

Job application procedure
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MODE OF APPLICATION
All applications MUST be submitted to the National Bureaux of Yellow Card Scheme of the respective Member Countries stated above under Clause H, on the prescribed COMESA APPLICATION FORM which can be accessed at the following COMESA website: http://www.comesa.int under "Opportunities" > "COMESA Job Application Format".
Applications submitted directly to the Secretariat will not be considered and only short-listed candidates will be contacted.

J. FINAL DATE FOR RECEIVING APPLICATIONS BY NATIONAL BUREAUX
Applications must reach the National Bureaux of the respective country by 21st January 2025.
K. FINAL DATE FOR RECEIVING APPLICATIONS FROM NATIONAL BUREAUX BY COUNCIL OF BUREAUX SECRETARIAT
Both hard and soft copies of the relevant documents of the short-listed candidates by the National Bureau should reach the address below by 30th January 2025 at least by 18:00 hours Lusaka time:

The Director of Human Resources and Administration
Common Market for Eastern and Southern Africa
COMESA Centre, Ben Bella Road
P.O Box 30051, LUSAKA, Zambia
Email: recruitment@comesa.int


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