Claims Officer at African Trade Insurance

  • Anywhere
  • Posted 2 months ago
  • Company: African Trade Insurance
  • Location: Kenya
  • State: Nairobi
  • Job type: Full-Time
  • Job category: Administrative/Secretarial Jobs in Kenya

ATI provides political risk and trade credit risk insurance products with the objective of reducing the business risk and cost of doing business in Africa. Our main goal is to help increase investments into our African member countries and two-way trade flows between Africa and the world. We facilitate exports, foreign direct investment into and trade flows within the continent. ATI was launched in 2001 with the financial and technical support of the World Bank and the backing of seven African countries. The African Development Bank recently joined as shareholder and partner by funding countries to join ATI. Since 2003, we have supported over $25 billion worth of trade and investments across the continent, secured an investment grade rating of ‘A’ from Standard & Poor’s, and expanded membership with plans to attract even more African member countries and international financial institutions in the near term.

Reporting to the Senior Claims & Recoveries Officer, the Claims Officer is responsible for the following:

  • Provide analytical and technical support in claims management;
  • Implement policies and procedures for investigating, evaluating and managing risks and settlement of claims
  • Propose improvements in the underwriting guidelines based on claims and other experiences;
  • Assess all information and documents submitted in support of claims to determine their accuracy and compliance with insurance policies issued;
  • Provide technical support to the underwriting and accounts departments in all phases of claims handling
  • Maintain a system for monitoring and managing individual and portfolio exposures;
  • Measure financial impact of claims and recommend appropriate actions to avoid, retain or transfer the risk;
  • Periodic assessment of underwritten risks;
  • Forecasting of prepayments, delinquencies, and defaults;
  • Project and calculate expected losses for setting loss reserves;
  • Maintain records and provide file and data management of losses reported and claims paid;
  • Undertaking baseline analysis of risk exposures and insurance coverage;
  • Design and maintain loss reports and monitor claim trends;
  • Communicate with clients, obligors, stakeholders and all other interested parties in claim processing;
  • Review and negotiate changes in policy wording based on claims experiences.

Qualifications & Skills

  • University degree in Commerce, Statistics, Law, Economics or any other relevant field
  • Masters’ Degree or Professional Qualification in a relevant field is an added advantage;
  • Competence in English both orally and written is a prerequisite. Knowledge of French is added advantage;
  • Extensive experience working with legal documents used in the insurance and banking industries;
  • Extensive experience in analysis of financial documents and data analysis;
  • Experience with claims management, management of bad debts and recoveries in a commercial/ development financial institution;
  • Ability to anticipate and manage a claim/default prior its occurrence;
  • Good communication and negotiation skills;
  • Strong organizational skills;
  • Over 5 years’ experience working in a similar role;
  • Outstanding analytical skills;
  • Ability to provide financial and insurance accounting support;
  • Willingness to travel.

Method of Application

Please submit an electronic copy of the following:

  1. Application Letter
  2. CV, plus details of your current remuneration package along with details of three referees
  3. Personal History Form

Submit your application to

The successful candidates must have suitable qualifications, experience and attributes as indicated under each job description. The roles requires excellent communications skills in written and spoken English. Knowledge of French and an ability to work in a multi-cultural environment, will be an added advantage.

ATI offers a competitive salary and benefits package and a collegial working environment commensurate with other multilaterals. ATI reserves the right to not make an appointment to the above vacancies, or to make an appointment at a slightly higher or lower grade, or to make an appointment with a modified job description. ATI will only contact those applicants who are being actively considered for an interview.

Closing Date : 20th April, 2021

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