1 Aug 2014

Underwriting Manager Job Vacancy

A leading mid-sized insurance company with profits in excess of Ksh. 200m dealing in general insurance is looking to recruit a suitably qualified, dynamic and experienced individual to join their high powered team as an Underwriting Manager, reporting to the Chief Executive Officer.

Underwriting Manager

Role & Responsibilities
The candidate will:

  • Provide leadership for the organisation’s underwriting service function and effectively manage the security and risk of the company’s portfolio.
  • Maximise opportunities for profitability by leveraging business relationships, product knowledge and underwriting expertise.
  • Develop a road map and promote the company by executing strategic initiatives that subsequently contribute to the profitability and growth of the business.
  • Develop and implement equitable policy contracts and due execution of policies and other accountable documents.
  • Ensure underwriting disciplines are maintained at all times through relevant audit and controls.
  • Ensure that the risks accepted in the company are within the set underwriting guidelines and are covered under the reinsurance programme.
  • Be responsible for the administration of all underwriting plans and ensure compliance with all regulatory agency guidelines and including the company policies.
  • Prepare and maintain up-to-date underwriting manuals.
  • Continuously review and optimise business processes and mobilise resources to meet the changing business needs and client expectations.
  • Drive technical excellence and trading behaviours across the underwriting team and effectively manage internal and external stakeholders.
  • Cultivate a culture of high performance, ethics and ownership within the department ensuring behaviours meet the expected standards.
  • Ensure underwriting empowerment is dispersed adequately and appropriately and fully utilised by all underwriting staff.
  • Through audit and underwriting control analysis spot trends and highlight training programmes, as well as develop competence at an individual level, continuously raising underwriting and trading capability.
  • Provide guidance, support and supervise the underwriting department staff.
  • Prepare management report, consistently evaluate underwriting performance against business objectives and recommend productive measures.

Minimum Qualification And Experience

  • Bachelor’s Degree in a Business related field.
  • Master’s Degree will be an added advantage.
  • Fully AIIK/ACII or equivalent qualified.
  • Minimum of 10 years experience in the Insurance Industry, 3 of which at managerial level.
  • Proficient in insurance management software packages preferably Premia Systems.
  • Proficient user of the MS Office application.
  • Demonstrate a track record for underwriting profitability, breadth and depth of technical knowledge in all underwriting matters and an understanding of the insurance market and processes.
  • Demonstrate strong leadership as well as good mentoring and coaching skills.
  • Pragmatic decision maker with strong analytical and numerical reasoning.
  • Strong team player, communicator with superior negotiation skills.

An attractive remuneration package will be offered.

How to apply: 
Candidates should forward their application letter with a detailed CV, copies of their academic and professional certificates stating current and expected remuneration, quoting the relevant reference number to by 25th Aug 2014.

Job Location: Nairobi, Kenya
Start date: 3rd November 2014

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