Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.
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Evaluate and assess medical risks for new and renewal business, ensuring sound underwriting decision that aligns with the company’s underwriting philosophy.
Build and maintain a quality corporate business book through reinforcement and implementation of experience-based underwriting discipline.
Ensure all underwriting practices comply with internal policies, processes and procedures, regulatory standards, and audit requirements, while contributing to the improvement of underwriting controls and processes.
Work closely with sales team and retention team to provide technical underwriting support, resolve queries, and ensure alignment with underwriting guidelines.
Prepare accurate and insightful underwriting reports to facilitate data driven decision making.
Support with continuous review of policy documents to ensure exposures are identified and closed timeously.
Participate in the development of new products and the enhancement of existing ones to ensure continued relevance in response to evolving client needs and market dynamics.
Continuously monitor and review the performance of corporate accounts, identifying trends, providing insights and recommendations to improve profitability, sustainability, and customer value.
Identifying opportunities to improve efficiency and reduce costs in the department to support organizational goals.
Support in training of staff and contribute to knowledge sharing on health products and underwriting processes
Ensure compliance to insurance related Statutory and regulatory requirements including Treating Customers Fairly and data Protection Act.
The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and it subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.
SKILLS AND COMPETENCIES
Sound Technical Underwriting skills
Intensive and extensive corporate health products knowledge.
Good assessment and analytical skills
Decision - making skills
Detail oriented with strong problem- solving skills
Accountability and self-organization skills
Customer service skills.
Ability to work with cross functional teams.
Ability to meet strict deadlines.
Qualifications:
A business-related degree from recognized university
Relevant professional insurance qualification – DipCII/ACII/LOMA
Strong skills with Microsoft Office Package: Excel, PowerPoint and Outlook Technical Knowledge
3 years in medical insurance underwriting, product and research functions.
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