The African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest re-insurer in Africa with the Financial Strength and Credit Rating of Africa Re is “A / Stable Outlook” by A.M. Best and “A – / Positive Outlook“ by Standard & Poor’s.
Headquartered in Lagos (Nigeria) since its inception in 1976, Africa Re operates through:
a. Six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius),
b. One (1) Contact Office in Addis Ababa (Ethiopia),
c. Three (3) Subsidiary Companies (Africa Re South Africa Limited in Johannesburg, South Africa), Africa Retakaful Company Limited in Cairo (Egypt) and Africa Re Underwriting Agency in Dubai (UAE).
Africa Re has a broad-based shareholding of:
• 42 African member States,
• the African Development Bank,
• 113 African insurance and reinsurance companies,
• three (3) non-regional insurance groups, and
• Employee Shares Ownership Plan
Africa Re announces the vacancy for the position of Manager, Technical Inspection/ Risk Prevention Engineer in her Head Office (Lagos, Nigeria) at the Professional Staff grade level.
To strengthen the control function in the corporation to ensure the effectiveness of the corporation’s internal control and also to provide technical assistance to the production centres by the way of carrying out risk surveys and providing quotations for Engineering risks.
Under the guidance of the Director of Central Operations & Special Risks, the key functions of the successful candidate will include but not limited to:
• Monitor the monthly reports of each Production centre
• Propose and implement the annual audit plan
• Produce technical inspection audit reports
• Follow-up the audit issues,
• Assist the Production centres in improving their production tools including, the underwriting manual, contract wordings, rates and reports.
• Monitor claims reserving and Reserve adequacy.
• Provide technical assistance to production centres.
• Carry out risk surveys and assessment on the request of the production centres.
• Provide quotations for Engineering risks at the request of the production centres
• Assist production centres in the handling of complex claims.
• Attend to any other duties as may be assigned by the supervisors.
The successful candidate shall be based in Lagos / Abuja (Nigeria).
The key competencies required for the role include but not limited to the following:
• Advanced knowledge of insurance and reinsurance.
• Capacity for technical and professional proficiency, particularly with regard Insurance and reinsurance underwriting as well as risk assessment;
• Ability to train cedants and subordinate
• Ability to quickly build very good and sustainable relationship with cedants
• Capacity to respect confidentiality and professional discretion.
• Capacity for taking initiatives and decision;
• Good supervisory skills.
• Capacity for analyzing, synthesizing and reasoning
• Very Good planning & reporting skills.
• High Integrity, Rigorous and good sense of responsibility
• Ability to work under pressure in a very busy environment.
• Excellent computer skills required in Microsoft Office (Word, Excel, PowerPoint, etc.) and Knowledge of any other business-related software will be an added advantage
• Good team player with proven leadership and managerial experience
• Works collaboratively with colleagues to achieve organizational goals; solicits input and is willing to learn from others
• Has the ability to defend and explain difficult issues and positions
• Establishes and maintains effective working relationships in a multicultural, multi-ethnic environment
• Help improve data quality for all Production centres
• Training Production centre staff through sharing lessons learnt.
Applicants shall be holders of:
• First University degree in the Engineering field (Civil/Construction, Mechanical, Electro-mechanical, etc.), plus Masters, plus 5 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both Treaty and Fac); reinsurance pricing ; claims management, risk survey and assessment.
Or
• First University degree in the Engineering field (Civil/Construction, Mechanic, Electro-mechanic, etc.), plus full professional qualification, plus 9 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both treaty and Fac); reinsurance pricing; claims management, risk survey and assessment.
Or
• First University degree in relevant field plus 9 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both treaty and Fac); reinsurance pricing; claims management, risk survey and assessment
• A qualification in relevant professional qualifications will be an added advantage.
The successful candidate shall have the following benefits:
• Competitive Basic Salary on the Corporation’s PS 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)
• Housing Allowance
• Medical cover for staff and family
• Home leave to country of origin every one (1) year paid by the employer - if Non- Nigeria National
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.
Applicants must also be:
• Able to communicate effectively (written and oral) in English Language.
• Working knowledge of French will be an added advantage.
Interested candidates are requested to visit the Africa Re website at https://www.africa-re.com/career to complete the online employment form.
Africa Re is an equal-opportunity employer and offers a good working environment commensurate with comparable international organizations.
The Corporation reserves the right to appoint at the advertised grade level or at any other level that may suit the profile, qualifications, and experience of the successful candidate.
The deadline for submission of interested candidates’ applications shall be July 31st, 2025.
