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