Senior Underwriter - HQ at Old Mutual Kenya

Introduction

To Ensure that the company business is professionally written to an acceptable standard within the underwriting guidelines and arranged reinsurance program

Minimum Requirements...

Qualifications:

• University degree
• Basic Insurance qualification
• Sales and Marketing Qualification

 Experience:

•  Minimum of 3 years

Job Specification...

• Quotations and Risk Acceptances
  • Ensure quotations allocated are done and approved by the Underwriting Manager and dispatched within the agreed turnaround time
  • Accept all new agreed proposals which meets acceptable underwriting standards within the delegated authority
• Underwriting Process and Procedures
  • Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
  • Ensure all incoming business are captured in the system accurately and monitor backlog status and observe timely month end closing
  • Prepare /Issue policies and endorsements for all classes of insurance within the system at the agreed turnaround time
  • Process all endorsements within the agreed turnaround time
  • Respond to all correspondence within the agreed turnaround time
  • Ensure adherence to all the process, procedures and controls within the department
• Ensure Reinsurance allocations are done properly as per treaty on every business before capturing into the system
• Conduct trainings on various covers to team and intermediaries etc
• Risk Management
  • Analyze and assess proposals and risk notes and recommend on the need to carry out surveys for small to medium size non-standard risks
  • Communicate to the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written
  • Resolve internal control audit recommendations fully and ensure no issue automatically escalates
  • Monitor the quantity and quality of work done with ZERO error which may result in disputes with other departments.
• Policy Renewals
  • Work on the allocated renewal scrutiny listing 3 months prior to expiry of policy and dispatch renewal notices to producers/clients1 month prior to renewal date
  • Follow up allocated policies falling due for renewal and provide weekly report to Underwriting manager to ensure achievement of monthly retention ratio of at least 80%
  • Establish unrenewed list by 1st Week on the following month and make counter follow ups
• Reinsurance
  • Liaising with the Reinsurance Section regarding risks requiring facultative reinsurance placements.
• Filing
  • Comply with the agreed filing and record keeping system
• Customer Service
  • Attend all customers enquiries and provide prompt attention and efficient service