Hiring Kenya

Blogger

Related Jobs

Underwriting Associate

Nairobi, Kenya
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

⚠️Report job

⚠️Safety Tips: Never pay anyone for job application, test or interview. A genuine employer will never ask you for the payment in anycase.

Disclaimer & TOS: Semasocial is an exclusive platform that ought to help jobseekers. We restrict any endorsement that demand for money and strictly advice against sharing personal or bank related information. If you notice deception or fraudulent, send us an email at [email protected]. For further details, please contact us »