Underwriting Associate

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Company Details
Industry: Insurance
Description: The company was incorporated in 1982 by the Al Fateem Group of Dubai and was later acquired by Kenyans in 1988. Kenya Orient Insurance was then formed in 2004 after a transfer of ownership from the previous proprietors to its current owners. We have since enjoyed steady growth as a company and are fast becoming a force to reckon with in the industry.
Job Description

PURPOSE:

  • This position will be responsible for vetting of business and ensuring only quality business is booked.
  • To ensure that all renewals are processed within the specified guideline of six weeks to the renewal date.
  • To ensure that all certificates are well managed and appropriate trackers and records are provided every week to the underwriting Manager.

KEY TASKS, DUTIES AND RESPONSIBILITIES

  • Revenue.
  • Responsible for ensuring all quotations & tenders received are done and approved by the Branch Manager.
  • Responsible for ensuring that cross selling and prompt quotations are done to enable branch attain the set business mix.
  • Responsible for ensuring daily debiting of all business received in the office.
  • Cash Collection & Liquidity.
  • Responsible for ensuring that all accounts on payment plans are adhered to credit days approved.
  • Responsible for ensuring the credit policy guideline of 40:30:30 is adhered to.
  • Responsible for ensuring that all accounts on payment plans are adhered to credit days approved.
  • Loss Ratio.
  • Responsible for ensuring documentation in respect of the new clients and business are collected and filed as per the underwriting guideline.
  • Responsible for ensuring business booked is vetted and rating is complied with.
  • Responsible for ensuring that the daily claims report and validation is submitted to claims department daily end of the day.
  • Management Expense & Cost Efficiency.
  • Responsible for ensuring all underwriting is managed within the branch budget.
  • Responsible for ensuring all related expenses in the branch are within the specified budget.
  • Internal Controls and Reporting.
  • Vetting to ensure that all debits have relevant documents and premiums received as required and that the payments plans are within the provided credit periods.
  • Enforce compliance to the set internal audit controls and other periodic recommended internal processes by management.
  • Talent Management.
  • Ensure that the branch conducts training of at least three non-motor products every quarter to ensure technical competence and growth of the non-motor in the branch.
  • Ensure active training of the system to eliminate/reduce errors and manage time.
  • Ensure that staff have active development plans at the beginning of the year.

REQUIREMENTS

  • A bachelor’s degree from a recognized university.
  • Pass in at least 3 papers in ACII/AIIK or equivalent.
  • 3 years relevant experience.
Education: Degree, Diploma
Employment Type: Full Time

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