Closing Date
Jul
08
REPORTS TO: Chief Operations Officer
LOCATION: Head Office
To effectively assess the risks in line with approved underwriting procedures in the company for purposes of ensuring a profitable book and effective and efficient service delivery to customers.
Responsibilities
LOCATION: Head Office
To effectively assess the risks in line with approved underwriting procedures in the company for purposes of ensuring a profitable book and effective and efficient service delivery to customers.
Responsibilities
- Formulate and define the company’s underwriting philosophy and periodically review and update the underwriting manual
- Assess all risks within underwriting authority as determined by the underwriting guidelines.
- Ensure adherence to “cash-before-cover” policy and facilitate speedy premium collections in liaison with the Credit Control team, as per credit authorization terms so as to achieve Board requirements as per authorized plan.
- Process underwriting transactions for new business, renewals & invitations, declarations within agreed service level agreements
- Address enquiries and resolve complaints/queries from producers, customers and claims appropriately
- Obtain relevant details from clients /Business developers and provide competitive quotes.
- Review all applications for insurance –determine the profiles of risks presented to the company for insurance and assess their acceptability or otherwise.
- Liaise with Reinsurance and provide input for obtaining facultative quotes
- Closely coordinate with the Head of Reinsurance in treaty renewalsFollow-up risk recommendations from Risk surveyors and claim assessors’ reports.
- Execute delegated signing authority diligently
- Conduct and maintain records of quarterly underwriting file reviews and audits
- Drive effective implementations of the current practices for alignment to the risk controls of underwriting and, where necessary, take corrective actions.
- Prepare reports to management on renewals/new business production to guide decision making.
- Bachelor of Commerce (Insurance Option) or Graduate with Business degree
- ACII or Insurance Diploma (AIIK)
- Must have a minimum of 5 years working experience in the Insurance industry with at least 2 years in managerial capacity
- Proven experience in using a General Insurance System will be an added advantage.
- Clear underwriting process understanding, sales and intermediaries relationships including substantial knowledge of other functions within the operationsRisk processes and procedures (claims and underwriting)
- Knowledge of risk assessment and risk management practices
- Knowledge of the business drivers and its impact on the protective value of underwriting
- Customer Service Management processes and procedures
- Knowledge of legal and compliance framework and regulatory bodies
- Entrepreneur Spirit
- Market Awareness
- Customer Focus
- Continuous Innovation
- Ownership & Commitment
- Team Spirit
- Honest, disciplined, ambitious and willing to learn.
- Result oriented and able to work within agreed timelines
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