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13 Jul 2014

Deputy Manager–Underwriting Job Vacancy

Our client, an Insurance Company is a composite Insurer with excellent services in underwriting both General Insurance and Life Assurance policies.

The Company offers market leading insurance products and services to customers, and is a dominant player in the region.

In order to grow locally and set up a platform in the region, our client seeks to hire a Deputy Manager-Underwriting who will report to the General Manager-Underwriting.

Overall Responsibilities 
To assess risks in accordance with laid down underwriting procedures in the company and to ensure effective and efficient service delivery to customers.

Primary Responsibilities:

  • Direct and control the underwriting team in consultation with the underwriting manager to ensure that it is appropriately motivated and aligned so as to achieve company objectives.
  • Develop and maintain effective business relationships with internal (coworkers) and external customers in order to attract and retain profitable business.
  • Visit agents and brokers in order to retain existing accounts. Build and maintain business relationships and develop new opportunities in support of Trident’s objectives.
  • Provide an efficient and effective service to clients through maintenance of healthy and efficient communication by responding promptly to their enquiries.
  • Maintain comprehensive knowledge of competitors by thoroughly analyzing market position, products and rates.
  • Maintain all necessary records and processes to ensure that premiums are paid promptly.
  • Check and verifying proposal forms, and assessing risk quality to ensure that risks undertaken and assumptions made in the premium calculations conform to Trident’s underwriting policy guidelines.
  • Ensure competitive quotations and follow-up for closing instructions are prepared in good time.
  • In conjunction with reinsurance department, ensure compliance with reinsurance terms, conditions and exclusions.
  • Assist in developing and promotion of new products in line with new trends and demand in insurance market.
  • Prepare contract terms for clients and ensure that they are aware of their responsibilities in the contract.
  • Maintain all necessary records and processes to ensure that premiums are paid promptly and that claims are efficiently processed.
  • Check proposal forms to ensure that risks conform to assumptions made in the premium calculations and are within underwriting policy guidelines.
  • Agree contract terms with prospect in accordance with company guidelines and policy guidelines.

Person Specifications
Academic Qualifications
Bachelors Degree in Insurance, Economics Or Accounting

Professional Qualifications
ACII/ LOMA

Experience

  • At least 5 years underwriting experience, preferably in an insurance company
  • In-depth understanding of underwriting process and procedures
  • Superior Communication skills both written and oral;
  • Analytical skills.
  • Our client is an equal opportunities employer

Application process
Kindly send your CV and cover letter detailing your experience, qualification and motivation for the job to newton@racg.co.ke/recruitment@racg.co.ke clearly indicating the job title as “Deputy Manager-Underwriting” the subject and address it to the Recruitment Manager as soon as you read this advert.

Only shortlisted candidates will be contacted.

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