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  • Senior Underwriter at Old Mutual Kenya Nairobi
  • Kenyan Jobs in Nairobi, , Kenya
  • jobs
  • 1 week ago

jobs 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

Deadline: Aug 31, 2023
Nairobi Kenya

salary-criteria

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