Underwriter/ Relationship officer - Business Retention at Old Mutual Kenya

5 Years
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Company Details
Industry: Banking
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.
Job Description

Job Description

  • Relationship Management – Managing and retaining good relationship with intermediary to ensure smooth & maximum retention of business.
  • Dispatch of renewal terms
  • Initiate approval of renewal terms in liaison with the reinsurance team to be competitive.
  • Arranging and attending renewal review meetings with intermediaries
  • Responsible for the allocated renewal budget.
  • Closing the renewal business (Ensuring renewal confirmations) and obtaining the risk notes before month closure
  • Ensure premiums payments plans are obtained at the point of confirming renewals.
  • Review of accounts performance to ensure weeding out of toxic accounts.

KEY TASKS AND RESPONSIBILITIES

  • Managing the renewals cycle by ensuring the terms/notices are dispatched by 15th of every month.
  • Maintain good relationships with intermediaries and ensure maximum retention of profitable accounts.
  • Participate in renewal meetings with intermediaries and clients to review and retain renewal business.
  • Seek opportunities to cross-sell or upsell to existing clients by reviewing insurance portfolios and foster organic growth.
  • Provide excellent and prompt customer service for maintenance of a positive reputation for the business.
  • Resolve any customer complaints/issues/concerns in a prompt and professional manner, where necessary escalate to the various departments/authorities for closure.
  • Maintaining and updating the renewal tracker
  • Daily follow ups of renewals with the intermediaries through phone calls, visits, and emails
  • Confirming renewals and obtaining the risk notes
  • Collecting market intelligence for strategic renewal decisions to support retention.
  • Monthly follow up on recovery of lost/unrenewed business

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

KNOWLEDGE & EXPERIENCE

Experience:

  • Minimum 5 years’ experience

QUALIFICATIONS

  • Degree in insurance or business related.
  • Professional qualification (CII or IIK) or good progress
Salary: Discuss During Interview
Education: Diploma
Employment Type: Full Time

Key Skills

Insurance 
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