Senior Underwriter at Old Mutual Kenya

Job Description

To assess, price and determine terms for risks presented within set standards of service in a manner to ensure quality selection of risks and enforce underwriting controls, implement underwriting guidelines, processes, and procedures to ensure quality underwriting and business

PRINCIPAL ACCOUNTABILITIES.

• Determine acceptability of risks to ensure that risks onboarded are within the set underwriting guidelines and are covered under the reinsurance Programme.
• Providing technical advice/support to junior staff on rating and underwriting of complex risks to ensure safe profitable distribution of risk.
• Managing underwriting processes like business onboarding, completeness of onboarding documents, risk surveys and valuations, policy documents issuance, certificates management, cancellations, and refunds.
• Providing technical support and input on product development and business innovation initiatives to ensure continuous review of existing products to meet changing market needs.
• Review and approval of risk pricing and quote requests.
• Response to daily operational queries from customers to ensure smooth operation and efficient customer experience within the stipulated turnaround times.
• Auditing and monitoring compliance levels on various compliance issues such underwriting documentation, risk cessioning in the system and compliance with filled and reinsurance rates.
• Review and approval of policy schedules and documents to ensure accuracy, clarity, and correctness of the same.

KNOWLEDGE AND EXPERIENCE.

Qualifications:

• Degree in insurance, actuarial or business related.
• Professional qualification (CII or IIK) or good progress

Experience:

• Minimum 5 years’ experience 

SKILLS AND COMPETENCIES.

• Sound Technical Underwriting skills.
• Intensive and extensive product knowledge
• Good analytical skills
• Customer service skills
• Good Communication Skills
• Computer Literate with good knowledge of Excel

KEY RESULT AREAS & PERFORMANCE INDICATORS

• Preparation of quotations and follow-up
• Preparation of documents – policies, endorsements, certificates within standards of service
• Renewal notices and renewal terms including renewal follow-up.
• Review of performance of accounts to ensure overall performance is below 45%.
• Maintenance and accounting for accountable documents.
• Signing of documents within authority levels.
• Completion of reinsurance cards for large risks.
• Ensure the SOP standards are upheld in the department and report any issues of non-compliance.
• Ensure payment requisitions are processed immediately when presented.
• Ensure quotations, including those done by Assistant underwriters are competitive.