"REINSURANCE CLERK"
Job Description and Jobs
Job Description:
- 1) Types reinsurance applications and contracts and calculates reinsurance liability, working for either prime insurer or reinsurer and by either of following methods: Calculates reinsurance required on each risk, considering limit of liability.
- 2) Selects reinsurers who may accept part of ceded liability.
- 3) Types applications.
- 4) Computes amount of each premium due, using calculating machine.
- 5) Accepts reinsurers and their liability for cash values and dividends.
- 6) Prepares abstract for typing of contracts.
- 7) Receives reinsurance application from prime insurer.
- 8) Determines amount of insurance already held on risk from company records and calculates reinsurance that company can accept, based on limit of liability.
- 9) Determines if reinsurance is automatic from treaty provisions and sends application to underwriting department when it is not automatic.
- 10) Types notice of acceptance or rejection, based on limit of liability, and action of UNDERWRITER.
- 11) Operates calculator to verify computations made by prime insurer.
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DOT: 219.482-018
Job Number: 8326