Insurance Risk Suveyor at KCB Bank Kenya

JOB PURPOSE

Reporting to the Underwriting & Claims Manager, this role is responsible for establishment of scope and adequacy of insurance covers for all policies presented to the Bank particularly for Corporate clients.

KEY RESPONSIBILITIES:

• Independently carry out risk surveys or in liaison with Underwriters for properties/establishments/projects having Bank interest or insured through KCBIA.
• Achievement of the business targets by way of engaging the stakeholders and offering the requisite insurance support.
• Driving business diversification particularly through cross-selling based on the risk surveys
• Production of timely and comprehensive risk survey reports to enable sufficiently informed decisions for Credit and other stakeholders’ appraisal.
• Engage on complex and technical claims, negotiate settlement and review any underwriting gaps.
• Assessing risk levels on insured or properties proposed for insurance including but not limited to moral & physical hazards, claims history, any special perils and recommendations thereby
• Manage and ensure proper scope and sufficiency of insurance policies held by the Bank
• Develop and implement strategies to drive more insurance business through up sales and cross sales.
• Ensure business retention/acquisition by daily monitoring of expiring financed policies, ensuring advance renewal engagements, giving relevant advice and timely reporting
• Maintain an up to date register of all facilities with appropriate valuation/risk survey details at any given time and ensure timely revaluation/progress reports for projects
• Help in training all stakeholders and expend appropriate knowledge in identification of insurance opportunities from the Bank’s insurance registers
• Partnering with other professionals, keep up-to-date with technical/legislation aspects affecting risks e.g. trade processes, hazardous materials and environmental/sustainability declarations/treaties/legislation
• Conduct safety programs to staff and corporate clients on safety standards and regulations
• Analyse claims trends/feedback, engage on complex/technical claims in liaison with the underwriting/claims manager for high retention and attraction of new business
• Share and discuss survey reports with different stakeholders as and when required

EXPERIENCE & EXPERTISE

• Bachelor’s Degree in Risk management related field from an institution recognized by Commission for University Education.
• Professional Qualifications in Insurance (CII/IIK) is required.
• Possession of a postgraduate degree, or relevant professional qualifications (CFA) will be an added advantage.
• At least 5 years’ experience in Loss adjustments/Risk surveying for insurance purposes or insurance knowledge under a technical role from a reputable insurance player
• Knowledge of Insurance Industry commercial, statutory and regulatory dynamics
• Excellent Financial analysis and performance management skills.
• Proven Track record in delivering results.