Job 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
Responsibilities
Determine acceptability of risks to ensure that risks
onboarded are within the set underwriting guidelines and are covered under the
reinsurance Programme.
Providing technical advice/support to junior staff on
rating and underwriting of complex risks to ensure safe profitable distribution
of risk.
Managing underwriting processes like business
onboarding, completeness of onboarding documents, risk surveys and valuations,
policy documents issuance, certificates management, cancellations, and refunds.
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 risk pricing and quote requests.
Response to daily operational queries from customers
to ensure smooth operation and efficient customer experience within the
stipulated turnaround times.
Auditing and monitoring compliance levels on various
compliance issues such underwriting documentation, risk cessioning in the
system and compliance with filled and reinsurance rates.
Review and approval of policy schedules and documents
to ensure accuracy, clarity, and correctness of the same.
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
Good analytical skills
Customer service skills
Good Communication Skills
Computer Literate with good knowledge of Excel
Key Results
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 to ensure overall
performance is below 45%.
Maintenance and accounting for accountable documents.
Signing of documents within authority levels.
Completion of reinsurance cards for large risks.
Ensure the SOP standards are upheld in the department
and report any issues of non-compliance.
Ensure payment requisitions are processed immediately
when presented.
Ensure quotations, including those done by Assistant
underwriters are competitive.
How To Apply
