Underwriter for Terrorism, Sabotage and Political Violence

Established by African States with the financial support from the World Bank, the African Trade Insurance Agency (ATI) is a multi-lateral developmental institution dedicated to providing insurance, co-insurance, reinsurance and other financial services to foster trade with and investments in its African Member States for the purposes of promoting trade, investment and other productive activities in Africa.

The African Trade Insurance Agency seeks to fill in the positions outlined below and qualified candidates are invited to apply:

Underwriter for Terrorism, Sabotage and Political Violence

Reporting to the Chief Underwriting Officer (CUO), the Underwriter will be responsible for the following functions:

• Developing and implement business strategies specific to Terrorism, Sabotage and Political Violence (TS&PV) in ATI member countries;
• Establishing a TS&PV center of expertise within ATI;
• Taking lead on marketing activities for the promotion and marketing of ATI TS&PV business on an on-going basis;
• Developing and maintaining effective relationships with clients, brokers and partnering organizations;
• Screening and assessing proposed transactions against ATI's underwriting eligibility criteria;
• Identifying and evaluating all relevant commercial and political risks relating to proposed transactions and make sound underwriting recommendations to the Chief Underwriting Officer in Nairobi;
• Drafting and negotiating proposed insurance policies for consideration and approval by ATI Senior Management, and administer and monitor existing insurance policies;
• Issuing non binding indications on eligible insurance applications;
• Drafting and negotiating terms, conditions and pricing for proposed insurance policies;
• Arranging reinsurance, coinsurance and other risk sharing partnerships;
• Developing TS&PV training programs for clients, ATI staff and partners;
• Gathering and analyzing feedback from the market and take the feedback into consideration in product development;
• Contributing to branch network in structuring and producing policy documentation;
• Monitoring and reviewing existing policies and annual declarations;
• Underwriting other lines of business and perform such other duties as may be assigned by the Chief Underwriting Officer from time to time.

Knowledge, Skills And Experience

• A university degree in Economics, Business Administration, or related field.
• Technical understanding and expertise in TS&PV products.
• A good understanding of political and credit risk insurance; and the business environment in ATI member countries is required.
• Knowledge and understanding of political and credit risk insurance.
• A Minimum of 5 years insurance experience; with at least 3 years' experience spent working with contracts and insurance covering Terrorism, Sabotage and Political Violence.
• International experience in ATI member States and/or countries of similar profile to ATI member States.
• Proficiency in MS Office suite of packages.
• Fluency in written and spoken English.
• Professional qualification in insurance such as CII would be an added advantage.
• Working knowledge of French desirable but not required.

Key Relationships

The job holder's key internal relationships are with credit, finance, marketing and procurement/admin departments while externally he/she interfaces with brokers, banks, insurance companies, reinsurance companies, corporates, individual clients and governments.

Salary range: The salary range for this position is US$ 60,000- 70,000 per annum, tax free (Other benefits apply).The salary is negotiable depending upon professional qualifications, family situation, the responsibilities of the position and the experience of the candidate.

ATI reserves the right not to make any appointment to this vacancy, to make an appointment at a lower grade, or to make an appointment with a modified job description.

How to Apply:

1. Submit an application letter, curriculum vitae, details of your current remuneration package and three references to recruitment@ati-aca.org
2. Candidates must fill out ATI's Personal History Form. Click here
3. The closing date for application is 11th March 2011 at midnight Nairobi time
4. Only candidates meeting the minimum requirements included in the detailed Job-descriptions and submitting applications in compliance with points 1-3 above will be considered for these positions, and only short-listed candidates will be contacted.

ATI reserves the right not to make any appointment to the above vacancies, to make an appointment at a lower grade, or to make an appointment with a modified job description.