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Senior Underwriter

Nairobi, Kenya
This Job has Expired
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

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.

  • Determine acceptability of risks, recommend risk surveys, monitor, and review terms of accounts assigned.
  • Ensure renewal notices are sent out in time and prudent follow up done to drive high business retention rate.
  • 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 policy schedules and documents to ensure accuracy, clarity, and correctness of the same.
  • Policy Analysis: Review insurance policies to ensure they align with company guidelines, underwriting standards, and regulatory requirements.
  • Decision Making: Make informed decisions on approving, modifying, or declining insurance applications based on risk assessment and underwriting guidelines.
  • Guideline Development: Contribute to the development and refinement of underwriting guidelines, policies, and procedures to enhance the accuracy and consistency of the underwriting process.
  • Communication: Collaborate with sales teams, agents, brokers, and other stakeholders to gather necessary information, clarify requirements, and provide guidance on underwriting matters.
  • Compliance: Ensure compliance with industry regulations, company underwriting standards, and ethical practices
  • Customer Interaction: Communicate with customers to clarify information, address inquiries, and explain underwriting decisions when necessary.
  • Supervise, train and mentor staff on technical matters to ensure their skills are sharpened.
  • Reporting: Generate reports on underwriting metrics, performance, and trends to provide insights for management.

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
Education: Degree, Diploma
Employment Type: Full Time
Contact Information
Name: Hiring Kenya

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