Summary
Date Posted: Wednesday, July 28, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Underwriting Manager

Job Summary
The role holder is responsible for overseeing the underwriting department and ensuring compliance with industry best practice and regulations.

Job Description/Requirements
We are looking for a motivated and qualified professional to fill the position of Underwriting Manager.

Overall Purpose of the Job: The role holder is responsible for overseeing the underwriting department and ensuring compliance with industry best practice and regulations.

Key Roles and Responsibilities
• General supervision of underwriting staff
• Management of the company’s general business book and the renewal budget
• New product development and review of existing products
• Development of an underwriting manual and update it as and when need be.
• Establishing and fostering good working relationship with intermediaries
• Preparation, management and analysis of underwriting reports
• Ensuring that all documentation in the underwriting department i.e. policy documents, endorsements, renewal notices etc. are correctly issued and dispatched to the intermediaries/insured/policyholders as applicable.
• Facilitating continuous training of staff and intermediaries to build capacity
• Ensuring compliance with the regulatory and other underwriting guidelines
• Management of motor certificates by ensuring proper records is maintained.
• Recommending to management effective underwriting systems and procedures for proposals and policies, drafting policies and endorsements and renewals.
• Work closely with risk department to establish procedures for surveys, initiating risk management programmes and compliance with recommendations on risk improvement.
• Ensure that new risks accepted and/or renewed with the company are vetted to meet the basic quality standards.
• Prepare the table of minimum rates as required by the commissioner of insurance and ensure it is lodged with the office
• Ensure that AKI circulars and communications from the commissioner’s office relating to underwriting functions are well attended to and responded to on time.
• Risk profiling on suspect claims to establish under writing gaps.
• Ensuring that all risks insured by the company are subjected to the pre-insurance valuations and those values /defects and /or any findings are
• communicated to policyholders /intermediaries on time.

Person Specifications
Academic Qualifications
• University degree in insurance, business administration or related field from an institution recognized by Commission for Higher Education
• Master’s Degree will be an added advantage

Professional Qualifications
• AIIK Diploma/CII Diploma or any insurance related qualification will be an added advantage

Experience
• 8-10 years of working experience preferably in the insurance or banking industry
• Experience in underwriting general insurance products will be an added advantage.
• Proven ability to manage, coordinate and supervise teams

Skills and Attributes
• High level of integrity; Able to maintain utmost confidentiality of information in their possession
• Excellent negotiation, communication and presentation skills
• Risk management experience
• Must be competent in Planning and organizing departmental functions with a keen eye and attention to details
• Excellent Analytical/Research Skills
• Strong Leadership and skills

Work Hours: 8

Experience in Months: 96

Level of Education: Bachelor Degree

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Job application procedure
If you qualify for the above advertised role, kindly send us a detailed CV and Application Letter clearly demonstrating your fit as per the roles & responsibilities and the person specifications (academic/professional qualifications, experience, skills & attributes) listed above.

Applications that do not conform to the Application Instructions will not be considered.

Kindly send your application documents to human.resource@directline.co.ke  to reach us on or before 5.00pm Friday, 30th July 2021.

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