Summary
Date Posted: Tuesday, April 30 2024, Base Salary: Not Disclosed

JOB DETAILS:
• The job holder shall be responsible for analyzing and assessing the risk presented to the company through the proposals submitted and based on the underwriting guidelines provided by the company.

Duties and responsibilities:
• Examine insurance proposals to ensure they are consistent with the risk being contracted.
• Work with other professionals to collect background information about risk and ensure that correct risk management practices are implemented in group underwriting department.
• Make decisions about whether and how a person or organization can be insured.
• Ensuring that group quotations are done in line with their specific historical risk framework and negotiating the terms with brokers and clients.
• Determine premiums by making sure that they are competitive for both customers and the insurance company.
• Decide on the wording of policies to reduce the likelihood of claims being made.
• Prepare insurance policy terms and conditions
• Liaise with insurance brokers and customers to ensure that group customers are wowed.
• Maintain customer records and ensuring that customer complaints are adequately and timely resolved.
• Prepare weekly group underwriting reports on premiums, customers and member education initiatives.
• Attend member education forums with intermediaries
• Negotiate premium rates with intermediaries where necessary

Education and/or Work Experience Requirements:
• Bachelors degree in any discipline preferably finance, accounting, actuarial science or insurance.
• Proficient in the use of accounting management information systems
• Professional qualification in insurance field; AIIK, ACII or Diploma - IIK
• Relevant work experience: A minimum of seven (7) years’ working experience as an underwriter in a position of increasing responsibility

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure
• Qualified candidates are encouraged to send their applications on or before 3rd May, 2024 by email through jobs@capexlifeassurance.co.ke  accompanied with a detailed curriculum vitae and a cover letter addressed to;
• Chief Executive Officer Capex life Assurance P.O Box 12043 – 00400 NAIROBI

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