Underwriter at Kenyan Alliance Insurance

Main Purpose of the Job- (Job Summary)

The role holder is responsible for assessing and acceptance of risks in accordance with laid down underwriting procedures in the company and ensure effective and efficient service delivery to customers.

Main Responsibilities

Responsibility 1: Group Life Administration and Retention

• Carrying out regular customer and broker visits
• Follow up on premium payments
• Ensuring commissions to agents and brokers are settled on time.
• Issuance of group life policy documents
• Computation of prorata premium payable and refund premium payable for new entrants and withdrawals respectively
• New member updates and processing withdrawals
• Posting new premium debits into finance system
• Complaints record and management
• Premium register update and posting into the system

Responsibility 2: Group Life Medical Underwriting 

• Underwriting medical reports
• Seeking acceptance terms from reinsurers on underwriting cases exceeding automatic acceptance limit
• Communication of Acceptance Terms to broker/ and client
• Ensuring efficient and timely service from hospitals, clinics and doctors undertaking medical tests for our clients · Ensuring medical fees are settled on time 

Responsibility 3: Group Life Claims Processing 

• Receipt and acknowledgement of group life and related claims notification
• Assessment of claims and ensuring approval process follows the laid down authority and treaty limits
• Ensuring proper investigation is carried out on all death claims
• Communicating acceptance terms to clients · Maintenance of up to date records on all claims – reported, paid & outstanding

Responsibility 4: Marketing Support 

• Preparing group life quotation 
• Supporting marketing officer in tender documents preparation 

Responsibility 5: Retail Life - New Business Underwriting

• Ensure correctness of all new proposal forms submitted in terms of premium charged and required documentation
• Determine proposals for medical underwriting
• Allocation of policy number and subsequent entry of proposal details in policy register
• Managing the policy document preparation process ie from assembling to dispatch of policy documents
• Preparing policy endorsements
• Updating all retail life registers on a daily basis · Creation of client files and ensuring safety and accuracy of documents filed 

Responsibility 6: Retail Life - Premium Administration

• Ensure receipt of premiums from all checks offs, DDAs, Bankers orders, Cash and Mpesa payments and subsequent filing of the receipts
• Collection of by products from the various organizations
• Ensure check off payment schedules tally with the premium paid and correctly allocated to respective policies
• Confirm Bankers order and DDA payments with bank statement
• Update all premium registers
• Post all premium payments in policy master
•  Prepare lapse advise letters · Check policies under non forfeiture condition and advance loans
• Seek advice on reinstatement/revival conditions of lapsed cases after premium payment
• Seek advice on converting policy into paid up status

Knowledge & Experience

• The candidate must demonstrate and possess the following skills and qualifications:
• Bachelor degree in Insurance, Finance or related field
• Diploma in Insurance (AIIK)
• Atleast 2 years’ experience in group life business administration, retail Life administration
• Good analytical skills
• Decision making skills
• Attention to detail
• Good Interpersonal skills
• Good presentation skills
• Technical skills

Closing Date 22 April 2022