Underwriter

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Underwriter 1 Position
Old Mutual Group

Nairobi, Kenya

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Full-time
Insurance
Posted 2 weeks ago

Job Description

Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management, and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.

Introduction...

To Ensure that the company business is professionally underwritten to an acceptable standard within the underwriting guidelines and arranged reinsurance program

Minimum Requirements...

Academic:

Bachelor’s Degree & progress towards CII qualifications
Key Competencies:

  • Marketing and customer relations
  • Strong interpersonal skills
  • Organized and self-driven
  • Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance slips
  • Good analytical skills
  • Computer knowledge
  • Ability to communicate effectively
  • Good understanding of general Insurance products

Job Specification...

Quotations and Risk Acceptances

  • Ensure quotations allocated are done and approved by the Underwriting Manager and dispatched within the agreed turnaround time
  • Accept new motor and domestic package proposals which meet acceptable underwriting standards subject to approval by the Senior Underwriter within the delegated authority

Underwriting Process and Procedures

  • Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
  • Register and input all allocated new business in the system within the agreed turnaround time
  • Prepare /Issue policies for all classes of insurance within the system within the agreed turnaround time
  • Process all endorsements within the agreed turnaround time
  • Respond to all correspondence within the agreed turnaround time
  • Ensure adherence to all the process procedures and controls

Risk Management

  • Analyze and assess proposals and risk notes and report to the team leader on the need to carry out surveys for small to medium size non-standard risks
  • Communicate with the team leader on the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written

Policy Renewals

  • Work on the allocated renewal scrutiny listing 2 months prior to the expiry of policy and dispatch renewal notices to producers/clients1 month prior to the renewal date
  • Follow up allocated policies falling due for renewal and provide a weekly report to Senior Underwriter to ensure achievement of monthly retention ratio of at least 90%

Reinsurance

  • Liaising with the Reinsurance Section regarding risks requiring facultative reinsurance placements.
  • Filing – Comply with the agreed filing and record-keeping system

Customer Service

Attend to direct customers who visit the office for inquiry and provide prompt attention and efficient service

Finance

  • Enforce credit control and effect cancellation for policies not paid to ensure that premium is paid for risks accepted
  • Ensure all monies collected are banked on a daily basis
Application Instructions

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Old Mutual Group
Old Mutual Group

Nairobi, Kenya

300 - 10000 people

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