Assistant Risk Surveyor at CIC Insurance

PURPOSE:

The position holder will support the Technical and Risk Improvement function through planning and execution of Risk Survey and Risk Improvement functions within the department to ensure achievement of underwriting standards in line with the company’s objective.

PRIMARY RESPONSIBILITIES:

RISK SURVEYING

• Review our General Business book and identify Risks to Survey
• Conduct pre-cover and existing business Risk Surveys and Desktop Risk Assessments
• Prepare detailed Risk Survey/ Assessment reports
• Propose, communicate and follow up on implementation of Risk Improvement Recommendations (RIR)
• In liaison with Claims Department, propose improvement measures on risks with large claims.
• Propose estimated maximum loss (EML) and maximum possible loss (MPL) to be applied to guide reinsurance cessioning for surveyed risks
• Keep a monthly & Quarterly schedule of surveyed risks, progress of implementation of risk improvement recommendations and profiling the risk levels
• Reviewing risk survey reports from external surveyors and communicating risk improvement recommendations.

PRICING & CLIENT RELATIONS

• Prepare and release all quotations and tenders for intermediaries/direct customers as per underwriting guidelines.
• Provide timely advisory support to sales, ROs, branches and regions on terms to apply for quality underwriting.
• Ensure fair and adequate premiums are set given the competitive nature of insurance.
• Underwriting and providing general advice on quotations to improve on new and existing risks.
• Promote good business relationship with the intermediaries and clients through good service

GENERIC DUTIES

Provide periodical business and other reports to the supervisor

AUDIT, COMPLIANCE AND RISK MANAGEMENT

• Strict adherence to all regulations, statutes, standards, practices and all internal processes and procedures as per the relevant manuals and comply with all relevant external legislation and regulations with regard to Compliance requirements.
• Ensure that as a staff you actively contribute to the department/division attaining a “good” rating in both internal and external audit by performing your role to the required standards and adhering to all internal processes and procedures as per relevant manuals, policies and regulations of the Company.
• Ensure that all risk management requirements within your remit are addressed and where necessary escalated through the available defined channels

Key Skills, Knowledge, Experience and Behavioural Competencies
Academic and Professional Requirements

• Education    Bachelor’s Degree    Degree in a relevant Technical field, preferably Engineering
• Professional Qualifications    Progress towards Fire Engineering/ Occupational Safety and Health/ Risk Management/ IIK/ CII is an added advantage.

Experience Required:

• Relevant experience    Minimum of One (1) Year