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Reinsurance Technician

Location:
Lagos, Nigeria
Salary:
CAD 70,000
Posted:
March 08, 2021

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Resume:

OLUGBENGA AYODELE AYOKUNLE

**, **** ******, **** ******, OGUDU GRA, LAGOS.

MOBILE: 080********, 090******** EMAIL: adkrce@r.postjobfree.com To pioneer initiatives and fresh strategies in your organization while engaging my leadership skills/team spirit and leveraging on other skills acquired from my pedigree. PERSONAL DETAILS:

Date of Birth: 2nd June 1989.

Gender: Male.

State of Origin: Ondo State.

EDUCATION:

2018 CHARTERED INSURANCE INSTITUTE UK (Dip. CII)

2016 CHARTERED INSURANCE INSTITUTE OF NIGERIA (ACII) 2012 INSTITUTE OF STRATEGIC MANAGEMENT NIGERIA (ISMN) Member Institute of Strategic Management Nigeria

2006 – 2010 OBAFEMI AWOLOWO UNIVERSITY, ILE-IFE, OSUN STATE. Bachelor of Science (B.sc) Economics (Second Class Upper Division) 1999 – 2005 HALLMARK SECONDARY SCHOOL, ONDO, ONDO STATE. Secondary School Leaving Certificate (WASSC).

EXPERIENCE:

Waica Reinsurance Corporation Plc

August 2019 – Till date; (Senior Executive Officer – Facultative Underwriting.)

Ensure adequate pricing of these portfolios i.e Oil and Gas, Engineering, Marine, Bond, Agriculture risks through identification of exposures, proper classification, accuracy of information and adherence to underwriting standards with little oversight.

Complete quotes, policies, endorsements, question reviews and responses for agents and clients comprehensively and timely.

Prepare and present unit activity reports and recommendations to management.

Responds to requests from brokers and direct clients (Cedants) with resolution within established time and service standards to facilitate and expedite service needs. Handles escalated underwriting issues from unit.

Helps train less experienced underwriting staff. Coordinates, participates and/or leads training development or delivery as a subject matter expert. NSIA Insurance Company Limited

April. 2019 – July 2019; (Senior Executive Officer – Reinsurance Dept.)

Treaty Administration (Preparation of statement of account for quarterly returns which also involves the Premium bordereau, Claims paid bordereau and advice of outstanding loss bordereau)

Preparation of the yearly reinsurance final account (Portfolio Adjustment, Provisional commission adjustment, profit commission statement and Minimum and deposit premium adjustment)

Preparation of treaty renewal documents (Risk Profiles, five-year technical statistics, PML cession bordereau, Large loss bordereau, Portfolio Mix, Triangulation, Target risk bordereau, CAT losses bordereau etc) and engaging in treaty renewal meetings and negotiations.

Supervision of facultative acceptances and placements. Zenith General Insurance Company Limited

Nov. 2015 – March 2019; (Officer – Reinsurance Dept.)

Treaty Administration (Ceding of risk into the Treaty and ensuring timely cash call recovery from treaty reinsurers).

Preparation of treaty renewal documentation (Risk Profiles, treaty reinsurance technical statistics, accumulation control reports) and engaging in treaty pre- renewal meetings.

Preparing monthly and quarterly reinsurance reports as required ensuring rendition within the agreed stipulated time frame.

Preparing yearly Reinsurance final account.

Managing quarterly reconciliation of the Reinsurance statement of accounts with the finance department.

Facultative Reinsurance management (Investigating new facultative inwards and outwards businesses and managing their renewals)

Facilitating Reinsurance training for new employees. Wapic Insurance Plc

Oct. 2012 – Nov. 2015; (Executive – Reinsurance Dept.)

Implement reinsurance companies risk acceptance criteria for reinsurance treaties in line with the company’s Risk Management framework.

Preparation of various statistics for treaty renewal meeting.

Assist in working on technical accounts i.e Portfolio Adjustment, Profit commission statement, M&D premium adjustment and Provisional Commission Adjustment.

Work on Life reinsurance cession to the reinsurance, Life Assurance facultative placement and Prepare statement of account on Life and follow up on Life Assurance Claim recoveries.

Placement of oil and gas on facultative basis with local and foreign reinsurance

(Facility Arrangement) and demand for their payment accordingly.

Prepare Nigeria Liability Insurance Pool Returns such as Premium, Losses paid, Outstanding Losses and Monthly rendition of account.

Marketing of various insurance companies for facultative premium as well as meeting applicable targets.

SYKE BANK PLC, SAPON BRANCH, ABEOKUTA. OGUN STATE. Aug. 2011 – Jun. 2012 NYSC (Marketing and Western Union)

Processed customer transaction on the company’s online banking application.

Handled customer’s foreign transactions and ensure good customer service and Satisfaction.

PROFESSIONAL CERTIFICATIONS:

Certificate in Insurance, Chartered Insurance Institute UK.

Associate, Certified Insurance Institute of Nigeria (CIIN).

Certified Associate in Project Management (CAPM), USA.

Member, institute of Strategic Management Nigeria (ISMN). HONORS AND AWARDS:

CIIN Award for Overall Best Student (Principles of Reinsurance) – Dec. 2015 TRAININGS:

WAPIC Graduate Intensive Training October 2012

Effective Communication by Poise February 2014

International Re-insurance Management Seminar (Con. Re) September 2014

Reinsurance Accounting Workshop (Munich Re.) June 2015

Fire, Engineering, Marine & Reinsurance Accounting June 2016

(Africa Re.)

’’On the desk Reinsurance’’ Training (Jomola Insurance Brokers) June 2017

Property Underwriting & Reinsurance (Munich Re.) March 2018

Claims & Reinsurance Accounting (Continental Re.) October 2018

Agriculture Insurance Seminar, Harare (Waica Re.) August 2019

Offshore Energy Construction Ins. Workshop, Dubai September 2019

Fundamentals of Reinsurance Accounting (Africa Re) August 2020

Understanding Natural Gas Value Chain End to End (NGA) October 2020

Reinsurance Design Webinar (Kenya Re) October 2020

Engineering & Business Interruption Webinar (Kenya Re) November 2020 LEADERSHIP POSITION:

Senior Prefect – Hallmark Secondary School – (2004/2005) SKILLS:

Proficient in the use of Microsoft productivity tools (MS-Excel, MS-Word, MS- PowerPoint) and computer appreciation.

Proficient in the use of Insurance Premia software.

Proficient in the use of Reinsurance SICS software.

Project Management: Formally undertook a 35hours training requirement in line with the PMBOK Standards.

Good writing and communication skill.

Good negotiation, problem-solving and conflict resolution. HOBBIES:

Football, Travelling and Reading.

REFERENCES:

Excellent Referees available on request.



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