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  • Posted: Oct 25, 2023
    Deadline: Not specified
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    Madison Group Limited is a locally owned financial services holding company that specializes in Insurance and wealth management services. The Group comprises of Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited. Madison Life Assurance Kenya was originally incorporated under Kenyan Laws in 1988 as Madison Insurance Company Limited (MICK) after a successful merger between Crusader Plc (1974) and Kenya Commercial Insurance Corporation.
    Read more about this company

     

    Assistant Manager – Healthcare (Pricing)

    Duties and Responsibilities

    • Prepare competitive quotations and dispatch the same within the recommended TAT’s
    • Prepare performance reports for client consumption
    • Prepare performance reports for internal consumption
    • Ensure pricing rates are competitive enough to provide favorable loss ratios
    • Constant review of scheme loss ratios and provide proactive suggestions to aid in claims control
    • Monthly running of the premium and marketing reports against targets set (GWP)
    • Client interactions – to be able to deal with our customers face to face as walk ins or when we visit clients
    • Investigation:
      • Recognize trends of issues and where other processes are going wrong and being proactive in recommending solutions.
      • Familiarize with system to note it’s extremes and what needs to be adjusted to suit market trends
    • Provide the necessary support to intermediary by training them on the medical products
    • Liaise with the underwriters, actuarial and business development teams to evaluate the products being sold and equally when designing new ones
    • Organize and attend meetings with clients e.g. quarterly performance review meetings etc.
    • Make loyalty calls to clients / intermediaries and ensure they are happy / satisfied.
    • Support in renewal process by reviewing and advising on renewal terms based on loss ratios and profitability index
    • Investigation of issues, ability to recognize trends of issues and where other processes are going wrong – being proactive in recommending solutions
    • Premium volume increase through organic growth by selling additional benefits and enhancements
    • Supervise service levels and benchmark our customer service standards against the market
    • Any other tasks as may be assigned.

    Qualifications and Work Experience

    • Bachelor’s Degree in Actuarial Science or related courses
    • Diploma in Insurance (AIIK)
    • Minimum 5 years working Experience in an underwriting capacity
    • Team leadership skills
    • Health Benefits Plan Management
    • Policy Processing
    • Database Administration
    • Excellent Presentation skills
    • Excellent customer service skills

    Method of Application

    Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email: hr_recruitment@madison.co.ke so as to be received by Wednesday 1st November, 2023.

     

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