Many Vacancies in ATI, Nairobi, Kenya 2020
Career Kenya: Many Vacancies in ATI, Nairobi, Kenya 2020
Employment vacancy : Today Recruitment Kenya

African Trade Insurance Agency (ATI)


The African Trade Insurance Agency
(ATI) is a pan-African multilateral financial institution established in 2001
by African States.
ATI was originally launched with the
technical and financial support from the World Bank Group and has had more
recent support from the African Development Bank.

ATI has grown into a market leader
for risk mitigation in Africa, establishing itself as Africa’s primary trade
and investment insurer and one of Africa’s largest Development Finance
Institutions with an outstanding portfolio exceeding US$6bn at year end 2019.

ATI provides political and credit
risk insurance to companies, investors and lenders doing business in Africa.
For over a decade, ATI has maintained
an A rating for Financial Strength and Counterparty Credit by Standard &
Poor’s, and in 2019 obtained a second A3/Stable rating from Moody’s.
ATI’s membership includes African
Member States as well as a number of corporate and institutional shareholders.
Besides its head office in Nairobi,
ATI currently has offices in Benin, Côte d’Ivoire, Tanzania, Uganda and Zambia.
Working at ATI offers unique career
opportunities. Candidates are invited to apply for the following open position:
All positions will be initially based
in Nairobi, Kenya however we envisage some of the Underwriting staff will move
to West Africa.
Under the supervision of, and
reporting to the Chief Underwriting Officer (CUO), your functions and duties
shall be as follows:
·        
Lead, guide, manage and coach the
underwriters
·        
Monitor and ensure optimal resource
allocation amongst the underwriters
·        
Monitor the performance of
Underwriters in accordance with the ATI Staff Policy Manual
·        
Assist the CUO in the production of
reports as and when required
·        
Generate business through marketing
activities and increasing the visibility of ATI. This involves meeting
one-on-one with clients and prospects and attending different marketing events
organized by ATI or ATI’s business partners
·        
Assist to organize/manage awareness
events in countries of responsibility
·        
Screening business enquiries based on
eligibility criteria;
·        
Assess the risks of the proposed
transactions and produce a report of the risk to convince approvers to accept
the risk;
·        
Issue non-binding/indicative term
sheets
·        
Arrange reinsurance for transactions
requiring reinsurance support
·        
Preparation of policy documents
·        
Educating policy holders on the A-Z
of the policy they are about to sign
·        
Managing and monitoring the
underwritten risk – Support and guide the Post Contract Management Officer
·        
Any other duties as may be assigned
by the CUO from time to time
Your key internal relationships are
with the credit, finance, marketing and procurement departments while
externally you will have contacts with brokers, banks, insurance companies,
reinsurance companies, corporate clients and governments.
Knowledge, Skills and Experience
·        
An advanced degree in Economics,
Business Administration, or related area
·        
A thorough technical expertise and
underwriting experience in commercial and political risk insurance, surety bond
and banking products
·        
A minimum of 10 years’ experience in
project finance, banking, finance and insurance with at least 3 years’
experience in a leadership or supervisory role
·        
A sound understanding of reinsurance
markets and mechanisms
·        
International experience in ATI
member States and/or countries with a similar profile
·        
Team player with excellent
interpersonal and communication skills
·        
Excellent report writing skills
·        
Proficiency in MS Office suite of
packages
·        
Fluency in written and spoken English
·        
Operational French is a major
advantage
Qualifications, Experience and other
Attributes
The successful candidates must have
suitable qualifications, experience and attributes as indicated above.
All the roles require 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.
Reporting to the Chief Underwriting Officer through the
Senior Underwriter, the Underwriter will market and generate business for ATI
as well as assess the businesses ATI is underwriting.
Responsibilities and Duties
·        
Generate business through marketing
activities and increasing the visibility of ATI. This involves meeting
one-on-one with clients, brokers and prospects as well as attending different
marketing events organized by ATI or ATI’s business partners
·        
Organize/manage awareness events in
countries of responsibility
·        
Underwriting business which includes:
1.   Screening business enquiries based on eligibility criteria;
2.   Assess the risks of the proposed transactions and produce
a report of the risk to convince approvers to accept the risk;
3.   Issue non-binding/indicative term sheets
4.   Arrange reinsurance for transactions requiring reinsurance
support
5.   Preparation of policy documents
6.   Educating policy holders on the A-Z of the policy they are
about to sign
·        
Managing and monitoring the
underwritten risk – support and guide the Post Contract Management Officer in:
1.   Ensuring timely payment of premiums;
2.   Following up on any outstanding documentation/information
from policyholders
3.   Continuously monitoring the assigned portfolio,
pre-empting any potential risk events thereon; and promptly bringing such to
management’s attention
·        
At a least a university degree plus a
in Finance, Insurance, Banking or Law
·        
Master’s degree in the relevant area
is an added advantage
·        
A Professional qualification:
Insurance CII / CPA/ Professional Banking Certification (is an added advantage)
·        
Knowledge of insurance and
re-insurance
·        
Knowledge of French is an added
advantage
·        
Proficiency in MS Office suite of
packages
·        
Report writing
·        
Negotiation skills
·        
Time management
·        
Good oral communication skills and
interpersonal skills
·        
Presentation skills
·        
Analytical skills
·        
Strategic thinking
·        
Judgement and decision making skills
·        
Ability to work beyond normal working
hours when the job so demands
·        
At least 4-5 years’ experience in
banking, insurance or finance related environment/background.
·        
Your key internal relationships are
with the credit, finance, marketing and procurement departments while
externally you will have contacts with brokers, banks, insurance companies,
reinsurance companies, corporate clients and governments.
Reporting to the Chief Underwriting Officer through the
Senior Underwriter, the Assistant Underwriter will assist with marketing,
business generation, client relationships on an ongoing basis and other
activities to support the team as may be assigned by the Chief Underwriting
Officer.
Responsibilities Functions and Duties
The Assistant Underwriter, through the guidance of the
Senior Underwriter, will:
·        
Assist in generation of business
through marketing activities and increasing the visibility of ATI. This
involves meeting one-on-one with clients and prospects and attending different
marketing events organized by ATI or ATI’s business partners.
·        
Participate in awareness events in
countries of responsibility
·        
Maintain relationships with brokers
and strategic accounts as assigned by the Senior Underwriter/Chief Underwriting
Officer
·        
Assist Underwriters in Underwriting
business. This includes
1.   Screening business enquiries based on eligibility
criteria;
2.   Assess the risks of the proposed transactions and produce
a report of the risk to convince approvers to accept the risk;
3.   Issue non-binding/indicative term sheets
·        
Under the guidance of an underwriter,
he/she will manage and monitor the underwritten risk – support and guide the
Post Contract Management staff in:
1.   Ensuring timely payment of premiums;
2.   Following up on any outstanding documentation/information
from policyholders
3.   Continuously monitoring the assigned portfolio,
pre-empting any potential risk events thereon; and promptly bringing such to
management’s attention
·        
At a least a university degree

·        
A Professional qualification:
Insurance CII /CPA/ Professional Banking Certification (an added advantage)
·        
Knowledge of insurance and
re-insurance
·        
Proficiency in MS Office suite of
packages
·        
Report writing
·        
Negotiation skills
·        
Time management
·        
Good oral communication skills and
interpersonal skills
·        
Presentation skills
·        
Analytical skills
·        
Strategic thinking
·        
Judgement and decision making skills
·        
Ability to work beyond normal working
hours when the job so demands
·        
At least 3 years’ experience in
banking, insurance or finance related environment/background.
·        
Your key internal relationships are
with the credit, finance, marketing and procurement departments while
externally you will have contacts with brokers, banks, insurance companies,
reinsurance companies, corporate clients and governments.
Reporting to the CUO through the Senior Claims and
Recovery Officer, the Claims Officer is responsible for the following:
·        
Develop and 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
·        
Provide technical support to the
underwriting and accounts departments in all phases of claims handling
·        
Maintain records and provide file and
data management of losses reported and claims paid
·        
Provide analytical, and technical
support in claims management.
·        
Put in place a system for 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.
·        
Provide analytical and technical
support on all claims and determine their accuracy.
·        
Collect accurate information and
documents for claims analysis
·        
Forecasting of prepayments,
delinquencies, and defaults
·        
Project and calculate expected losses
for setting loss reserves
·        
Undertaking baseline analysis of risk
exposures and insurance coverage.
·        
Design and maintain loss reports and
monitor claim trends.
·        
Communicate with clients, obligors,
banks and all other interested parties in claim processing
·        
Review and negotiate changes in
policy wording based on claims experiences.
·        
Prepare specifications for improvements
of the underwriting system related to the above
·        
Organize the filing for over-dues and
claims
·        
University degree in Insurance,
Finance, Banking, Law or any other relevant field plus a professional
qualification in Insurance.
·        
A Master Degree in a related field is
an added advantage
·        
Professional Certification is highly
preferred
·        
Competence in English both orally and
written is a prerequisite
·        
Knowledge of French is an added
advantage
·        
Extensive experience with legal
documents used in the insurance and banking industry
·        
Extensive experience with common and
commercial law
·        
Experience with debt collection and
claims management
·        
Expert knowledge of credit bureau
data and products
·        
Ability to provide financial and
insurance accounting support
·        
Over 3-years’ experience in insurance
claims management
·        
Good communication and negotiation
skills
·        
Strong organizational skills
·        
Outstanding analytical skills
·        
Willingness to travel
Detailed job description and duties: Reporting to the General Counsel, the Transactional Lawyer
ensures in general that ATI’s underwriting operations are conducted within and
in compliance with the ATI Treaty and constitutive documents, resolutions,
underwriting operations manual, regulations, policies and other legal
requirements; ensures that insurance and reinsurance contracts/insurance and
reinsurance policies, policy documents, and other agreements are properly
drafted, negotiated, documented and perfected for the optimum safe guard and in
the best interests of ATI, and provides advice and guidance on all legal
matters relating to ATI underwriting operations.
The
Transaction Lawyer will perform in particular the following functions and
duties as part of the risk control team:
·        
To provide a wide range of legal
services to the Organization;
·        
On the basis of underwriting reports
and supporting documents from the risk underwriting team, review and confirm
the eligibility of investment projects and/or commercial transactions proposed
for ATI insurance or guarantees;
·        
Conduct legal due diligence on
proposed transactions, review documentation on transactions ATI intends to
insure and advise on their adequacy including, without limitation, insurance
applications, loan/finance agreements, common terms agreements, security
documents, intercreditor agreements, supply contracts, guarantees (sovereign or
corporate), power purchase agreements, legal opinions, letters of support – as
applicable;
·        
Review and advise on transaction
structure and related documentation (equity investment, project finance, trade
finance, corporate finance etc.);
·        
Review ATI’s policy wording/insurance
contracts (general conditions of insurance, special conditions of insurance,
warranties and representations, exclusions, amendments, various endorsements)
and reinsurance contracts and propose improvements in line with compliance to
relevant insurance laws, regulatory requirements and claims experience;
·        
Negotiating/structuring insurance
cover: Assist when and where necessary ATI’s underwriting team in negotiating
with clients the scope of cover including but not limited to specific terms and
conditions of insurance, amendments to insurance contracts or endorsements or
any other underlying legal agreements ;
·        
Advise and train underwriters, claims
officers on policy interpretation and legal implications of all insurance
contracts, underlying commercial contracts and ATI liability.
·        
Re-draft documents or review
externally provided documentation for ATI’s political and commercial risk
insurance, including, without limitation, insurance, co-insurance or
reinsurance policies;
·        
Draft, review or negotiate legal
opinions and KYC and NDA documents requested by ATI clients.
·        
Assist ATI’s claims and recoveries
team in developing strategies for claims avoidance and/or evaluating actual
claims for compensation by insured or reinsured
·        
Assist ATI in obtaining recoveries
where ATI has paid an insurance claim.
·        
Support the supervision of external
counsel, where retained by ATI on transactions, as appropriate.
·        
Support ATI in arbitration in respect
of claims brought by or against insureds or reinsurance parties under ATI’s
insurance or reinsurance policies.
·        
Participate in underwriting meetings
and provide guidance on legal aspects as and when necessary.
·        
Undertake research work in the areas
related to ATI’s business legal framework and new development.
·        
Identify legal and policy issues,
research relevant precedents and doctrine, and propose appropriate solutions to
ATI business. Contribute to compilations of precedents and best practice in
negotiating and concluding complex commercial agreements and related insurance
agreements.
·        
Report to the General Counsel any
breach in ATI insurance policies, underwriting operations manual or applicable
rules and proposed remedies.
·        
Advise the General counsel in the
review and approval process of underwriting reports and related contracts of
insurance
·        
Assist ATI’s General Counsel in
drafting legal documents and new policy texts for new or existing products, the
insurance and reinsurance contracts and the underwriting operational manual.
·        
Perform such other duties as may be
assigned from time to time.
Qualifications / Selection Criteria
·        
Undergraduate and postgraduate degree
in law from recognized universities. An admission to the Bar (or a diploma or a
qualification to practice law in the home country) would be an added advantage.
·        
Experience in legal practice in
jurisdiction applying English common law and practical knowledge of insurance
law.
·        
Candidate must be a practicing lawyer
or corporate lawyer with in-depth experience in international financial
transactions.
·        
Excellent oral, interpersonal and
writing skills in English (ability to present both oral and written ideas
clearly, concisely and persuasively). Bilingual skills (English and French) will
be an added advantage.
·        
Possess a versatile
multi-disciplinary skill set, an ability to work in a multi-cultural
environment and effective communication, team building, business oriented
mind-set, interpersonal, writing and analytical skills.
·        
Ability to work under pressure and
meet urgent deadlines.
·        
Experience in commercial litigation
and international arbitration in a reputable law firm will be an added
advantage.
·        
Legal Drafting & Research: Proven
ability to draft transactional documentation (e.g., insurance contracts, loan
agreements), briefs and variety of legal instruments and related documents,
with
limited supervision.
·        
Professional independence: carries
out work independently with due care under the direct supervision of the
General Counsel.
·        
IT competence in the use of standard
software such as MS Word, PowerPoint, Excel and Internet.
As
a multilateral institution with its Headquarters in Nairobi, Kenya, ATI offers
a highly competitive remuneration package and an international business career
in the development of African trade and investment.
i)
Please submit an Application Letter, Personal History Form (downloaded from the
ATI website HERE), CV, plus
details of your current remuneration package along with details of three
referees to
recruitment@ati-aca.org
ii)
The closing date for application is 07th February 2020 at Midnight Nairobi time
iii)
ATI will only contact those applicants who are being actively considered for an
interview
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.

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