Job Vacancies at Old Mutual Kenya

Job Description

• Business Revenue Generation through Offering Specialist insurance classes (General Insurance, Retail Life Insurance, & Last expense) 
• Enhancing capacity to distribute such specialist classes for the existing banks channels and expansion to the general insuring public. This capacity entails formulating strategies for the intermediary business growth in these areas and to the existing bank customers from various business segments and regions. The role also requires one to build, nurture and manage a team in Claims and Underwriting to ensure growth of business, establishing, and managing business relationships and ensuring high customer service standards are maintained in line with the overall strategic plan.

Business processes that are IT supported

• 100% utilization of all Modules within the Core bancassurance system “Rensoft”
• Full tracking of all customer requests trough CRM for efficiency.
• Utilization of --EDRMS for leads and opportunities generation.

Product knowledge creation insurance specialist classes

• Full product knowledge of key product lines, underwriting guidelines and claim processing.  
• Product creation and bundling capabilities. 

Financial Business Development and Reporting

• Generating Commission Revenue for Bancassurance products from bank and non-bank customers with Special attention to specialist insurance classes.  
• Management report (Performance, Board, Regulatory, Product performance and any Other report) 

People Management

• Lead, counsel and motivate the Operations team.  
• Ensure retention of the operation officers.  
• Co-ordinate the relationship of the business development with the operations team.

​Compliance

• Ensure all instructions sent to underwriters are accompanied by risk notes.  
• Ensure client furnish us with KYC documents before cover is placed in rensoft.  
• Ensure compliance with approved SOPs(Standard Operations Procedures)  
• Ensure the credit policies set are always met. 
• Policy Administration-Ensure quality control in all aspects of processing as stipulated in the procedures and product manual.

Education First Degree with professional Insurance qualification

• Desirable  Relevant master’s degree

Experience

• At least 7 years Insurance experience with exposure in Underwriting and Claims Management 
• Working in and active Insurance, Broker or Bancassurance Intermediary.

Knowledge and Skills

• People management skills
• Negotiation skills
• Report writing 
• Analytical skills
• Exposure to Rensoft, Tankey or AIMS Systems are necessary.

Skills

• Analytical Analysis, Negotiation, People Management, Report Writing, Underwriting
   

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Job Description

The Assistant Reporting Accountant will be responsible for preparation of financial reports and compiling analytical reports to aid management in making informed decision. The role will be critical in supporting the company automation agenda, through creation and testing of power BI reports.

Key tasks and responsibilities

• Work closely with reporting team in supporting audit and preparation of Audited Financial Statements
• Update investment schedules, creating investment journals and posting the same in finance system
• Support in analyzing past results, perform variance analysis, identify trends, and make recommendations for improvements
• Prepare branch profitability report and provide insights to the branch managers
• Support finance reporting team in building and testing power BI reports
• Work closely with finance team in maintaining integrity of general ledgers, by conducting balance sheet substantiation
• Support in biweekly claims performance analysis and presenting findings to the business

Qualification

• Bachelor’s degree in commerce, finance or  a related field
• At least 1 year experience in financial reporting, in an insurance industry

Skills and competencies

• Strong analytical skills with the ability to interpret data
• Proficiency in Microsoft office
• Ability to work under tight deadlines
• Solution-oriented

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Job Description

Be part of a dynamic team responsible for predominately life products across key regions on the African continent. This includes setting product strategy in support of business strategy, product development, product management and oversight along with managing a local team/s responsible for product development and management

KEY TASKS AND RESPONSIBILITIES

Strategy development and execution

• Developing the predominantly retail and corporate Life Product strategy for the region/countries, in support of the region/country’s business strategy.
• Responsibility for innovative new product development and the management of the existing book of products ensuring the business meets both customer and shareholder expectations
• Where relevant, assist with the design, development and implementation of customer Rewards schemes and product development and management supporting Integrated Financial Services aspirations and implementation.
• Ensuring robust governance of all Life Product development, enhancement and management.
• Track performance and take up of new or revamped products.
• Assisting regions/countries develop business cases supporting new products and sign off.
• Implementing new products or product amendments by clarifying business requirements to ensure IT implementations
• Potentially owning multiple high-priority product developments simultaneously.
• Determine country integrated product set profitability, taking into account entire value chain and propose initiatives to improve
• The role needs to ensure that product experience is continuously reviewed compared to assumptions and perform rate reviews where required.
• Needs to ensure product remains relevant and robust in terms of product features, underwriting and claims practices.
• Need a clear understanding of product profitability and the various profit levers to advise exco on business decisions.
• Drive the product thinking behind integration of products (INCL NON-LIFE) wrt Integrated Financial Services strategy

Stakeholder Management

• Being the “design authority” (in conjunction with the value chain partners - Service, IT, Customer, Digital, Distribution and Marketing) of the end to end life product solution.
• Working with all stakeholders to determine the country-by-country life product roll-out plan.
• Engage regularly with OMAR Life Business Partner and OMAR Life Lob Executive
• Engaging where required with industry bodies, regulators and the media
• Present product performance report to Regional/country Exco at least quarterly.

Best practice

• Global and local market research regarding all in country product propositions and technical detail
• Continually reviewing, identifying and promoting best practices and opportunities for improvement to the processes and organisation based on observation and lessons learned.
• Spend sufficient time in Region if not bases in Region in order to stay abreast of local nuances and product uptake behaviour.

People Management

• Managing and leading life product resource(s)
• Operating in a multi-located team environment and development of a community of life product resources, across geographies.
• Developing skills and competencies of life product resources.
• Working with centers of excellence in South African-based Customer Solutions in terms of support and development of skills and competencies.

SKILLS ,KNOWLEDGE,QUALIFICATIONS & EXPERIENCE

• Nearly Qualified actuary.
• 7+ years’ product development/management or related experience in the insurance industry.
• Experience in operating with multiple project teams.
• Experience in owning the development and management of complex, multi- disciplined projects
• Broad insurance and financial product knowledge is essential.
• Commercial business experience will be advantageous
• Strong working knowledge of systems, applications, business processes and operations of products will be an advantage.
• Excellent communication skills and stakeholder management with strong influencing skills.
• Analytical problem solver.

COMPETENCIES

• Strategy
• Innovation
• Leading with Influence
• Collaboration
• Customer First
• Execution
• Personal Mastery