Job Description
To assess, price and determine terms for risks presented within set standards of service in a manner to ensure quality selection of risks and enforce underwriting controls, implement underwriting guidelines, processes, and procedures to ensure quality underwriting and business.
PRINCIPAL ACCOUNTABILITIES.
- Reviewing the risks accepted from branches to ensure they are within the set underwriting guidelines and are covered under the reinsurance Programme.
- Providing technical advice to branch staff on rating and underwriting of complex risks to ensure safe profitable distribution of risk.
- Managing branch underwriting processes like business on boarding, completeness of on boarding documentation, risk surveys and valuations, policy documentation issuance, certificates management, cancellations and refunds, review of underwriting manual.
- Providing technical support and input on product development and business innovation initiatives to ensure continuous review of existing products to meet changing market needs.
- Review and approval of risk pricing and quote requests coming through branch channels.
- Response to daily operational queries from the branch channel to ensure smooth operation and efficient customer experience within the stipulated turnaround times.
- Reviewing of underwriting business processes, systems, and standard operating procedures to meet the changing business needs and emerging control environment risks.
- Preparation and submission of monthly underwriting returns to IRA
- Preparation and update of all compliance, risks, events, indicators, and actions into the risk management system.
- Auditing and monitoring compliance levels on various compliance issues such underwriting documentation, risk cessioning in the system and compliance with filled and reinsurance rates.
- Review and approval of policy schedules and documents from the branch channels to ensure accuracy, clarity, and correctness of the same.
- Identify process and product training needs of branch staff and organizing relevant trainings to fit such identified gaps.
- Coaching and mentoring branch staff on underwriting guidelines, standard operating procedures, and technical product knowledge.
KNOWLEDGE AND EXPERIENCE.
Qualifications:
- Degree in insurance, actuarial or business related.
- Professional qualification (CII or IIK) or good progress.
Experience:
- Minimum 5 years’ experience.
SKILLS AND COMPETENCIES.
- Sound Technical Underwriting skills.
- Intensive and extensive product knowledge.
- People Management and overall managerial skills.
- Good analytical skills.
- Customer service skills.
- Good Communication Skills.
- Computer Literate with good knowledge of Excel.
Skills
Education
Closing Date
23 August 2024
