Underwriting Associate at Kenya Orient Insurance Limited

JOB PURPOSE:

• This position will be responsible for vetting of business and ensuring only quality business is booked.
• To ensure that all renewals are processed within the specified guideline of six weeks to the renewal date.
• To ensure that all certificates are well managed and appropriate trackers and records are provided every week to the underwriting Manager.

KEY TASKS, DUTIES AND RESPONSIBILITIES

• Revenue.
• Responsible for ensuring all quotations & tenders received are done and approved by the Branch Manager.
• Responsible for ensuring that cross selling and prompt quotations are done to enable branch attain the set business mix.
• Responsible for ensuring daily debiting of all business received in the office.
• Cash Collection & Liquidity.
• Responsible for ensuring that all accounts on payment plans are adhered to credit days approved.
• Responsible for ensuring the credit policy guideline of 40:30:30 is adhered to.
• Responsible for ensuring that all accounts on payment plans are adhered to credit days approved.
• Loss Ratio.
• Responsible for ensuring documentation in respect of the new clients and business are collected and filed as per the underwriting guideline.
• Responsible for ensuring business booked is vetted and rating is complied with.
• Responsible for ensuring that the daily claims report and validation is submitted to claims department daily end of the day.
• Management Expense & Cost Efficiency.
• Responsible for ensuring all underwriting is managed within the branch budget.
• Responsible for ensuring all related expenses in the branch are within the specified budget.
• Internal Controls and Reporting.
• Vetting to ensure that all debits have relevant documents and premiums received as required and that the payments plans are within the provided credit periods.
• Enforce compliance to the set internal audit controls and other periodic recommended internal processes by management.
• Talent Management.
• Ensure that the branch conducts training of at least three non-motor products every quarter to ensure technical competence and growth of the non-motor in the branch.
• Ensure active training of the system to eliminate/reduce errors and manage time.
• Ensure that staff have active development plans at the beginning of the year.

REQUIREMENTS

• A Bachelor’s degree from a recognized university.
• Pass in at least 3 papers in ACII/AIIK or equivalent.
• 3 years relevant experience.