Underwriting Officer at Rafiki Microfinance Bank

Duties & Responsibilities  

• Providing timely and competitive quotations for proposed risks as well as follow up for closing instructions.
• Ensure renewal retention with the help of RO and branch coordinators, one month and weekly reminders.
• Ensuring underwriting rates, guidelines and terms are adhered to before acceptance of risk.
  Sending renewal reminders to the branch before expiry & ensure all bank assets have been insured through RMBI.
• Attend to walk in clients and handle complaints written or verbal within the stipulated time.
• Preparing underwriting reports i.e. monthly and quarterly.
• Ensuring that risk notes and cover notes are issued to the insurance company for any risk accepted.

Key Competencies:

Technical Skills

• Technical competence in insurance.
• Problem solving skills

Interpersonal and Organizational skills

• Excellent communication and presentation skills

Competencies:

The key applicable competencies applicable for this role are:

• Client focus.
• Decision Making & Accountability.
• Working with ease with others.
• Quick adoption to change.

Experience & Academic qualifications

• Computer Literacy
• University degree in a Business or IT related field.
• Have a minimum of 3 years in the insurance Industry;
• Sound knowledge of regulatory framework in the insurance Industry.
• Able to apply insurance knowledge and skills.
• Able to identify and minimize potential and inherent risks in insurance.