Underwriting Associate job at Britam
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680 Days Ago
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Vacancy title:
Underwriting Associate

[ Type: FULL TIME , Industry: Financial Services , Category: Finance ]

Jobs at:

Britam

Deadline of this Job:
25 January 2023  

Duty Station:
Within Kenya , Nairobi , East Africa

Summary
Date Posted: Wednesday, January 11, 2023 , Base Salary: Not Disclosed

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JOB DETAILS:
Job Purpose:
Reviewing proposal forms, verifying client’s data, assessing, pricing and determination of terms of the proposed risk within set standards, counterchecking the terms of the policy as well as reviewing the conditions of the policy in a manner to ensure quality selection of risks and timely service.

Key responsibilities:
Principle Accountabilities:

• Determine acceptability of risks, recommend risk surveys, monitor and review terms of accounts assigned.
• Supervise, train and mentor staff on technical matters to ensure their skills are sharpened.
• Check and sign underwriting document to authenticate it.
• Prepare and follow up renewal notices to ensure retention.
• Requisition for premium refund to facilitate issue of cheque.
• Ensure that premiums are paid in respect of accounts managed.
• Maintain effective business relationships to ensure effective delivery of service.
• Monitor service standards within the section to ensure high quality customer service is delivered.

Key Result Areas:

• Preparation of quotations and follow-up.
• Preparation of documents – policies, endorsements, certificates within standards of service.
• Renewal notices and renewal terms including renewal follow-up.
• Review of performance of accounts/brokers to ensure overall performance is at below 45% LR.
• Broker visits.
• Maintenance and accounting for accountable documents.
• Signing of documents within authority levels.
• Liaise with claims and credit control to monitor account performance premium payment.
• Marketing company products and service to brokers.
• Completion of reinsurance cards for large risks.
• Ensure the QOP standards are upheld in the department and report any issues to the quality council.
• Ensure payment requisitions are processed immediately when presented.
• Ensure quotations, including those done by Assistant underwriters are competitive.

Knowledge, experience and qualifications required:
• Bachelor’s degree.
• At least three years’ experience in the insurance industry.
• COP/ progress towards ACII/AIIK qualifications.

Technical/ Functional competencies:

• Knowledge of insurance regulatory requirements.
• Knowledge of insurance products.
• Sales and marketing management skills.
• Diplomatic in handling client relationships

Work Hours: 8


Experience in Months: 36

Level of Education:
Bachelor Degree

Job application procedure

Interested and qualified? Go to Britam on britam.taleo.net to apply


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QUICK ALERT SUBSCRIPTION

Job Info
Job Category: Banking/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 25 January 2023
Duty Station: Nairobi
Posted: 11-01-2023
No of Jobs: 1
Start Publishing: 11-01-2023
Stop Publishing (Put date of 2030): 11-01-2065
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