Underwriting Manager at Directline Assurance Company Limited

Job Description/Requirements

We are looking for a motivated and qualified professional to fill the position of Underwriting Manager.

Overall Purpose of the Job: The role holder is responsible for overseeing the underwriting department and ensuring compliance with industry best practice and regulations.

Key Roles and Responsibilities

• General supervision of underwriting staff
• Management of the company’s general business book and the renewal budget
• New product development and review of existing products
• Development of an underwriting manual and update it as and when need be.
• Establishing and fostering good working relationship with intermediaries
• Preparation, management and analysis of underwriting reports
• Ensuring that all documentation in the underwriting department i.e. policy documents, endorsements, renewal notices etc. are correctly issued and dispatched to the intermediaries/insured/policyholders as applicable.
• Facilitating continuous training of staff and intermediaries to build capacity
• Ensuring compliance with the regulatory and other underwriting guidelines
• Management of motor certificates by ensuring proper records is maintained.
• Recommending to management effective underwriting systems and procedures for proposals and policies, drafting policies and endorsements and renewals.
• Work closely with risk department to establish procedures for surveys, initiating risk management programmes and compliance with recommendations on risk improvement.
• Ensure that new risks accepted and/or renewed with the company are vetted to meet the basic quality standards.
• Prepare the table of minimum rates as required by the commissioner of insurance and ensure it is lodged with the office
• Ensure that AKI circulars and communications from the commissioner’s office relating to underwriting functions are well attended to and responded to on time.
• Risk profiling on suspect claims to establish under writing gaps.
• Ensuring that all risks insured by the company are subjected to the pre-insurance valuations and those values /defects and /or any findings are
• communicated to policyholders /intermediaries on time.

Person Specifications

Academic Qualifications

• University degree in insurance, business administration or related field from an institution recognized by Commission for Higher Education
• Master’s Degree will be an added advantage

Professional Qualifications

• AIIK Diploma/CII Diploma or any insurance related qualification will be an added advantage

Experience

• 8-10 years of working experience preferably in the insurance or banking industry
• Experience in underwriting general insurance products will be an added advantage.
• Proven ability to manage, coordinate and supervise teams

Skills and Attributes

• High level of integrity; Able to maintain utmost confidentiality of information in their possession
• Excellent negotiation, communication and presentation skills
• Risk management experience
• Must be competent in Planning and organizing departmental functions with a keen eye and attention to details
• Excellent Analytical/Research Skills
• Strong Leadership and skills