Latest Jobs at Madison Life Assurance Kenya Limited

Duties and Responsibilities

The Unit Manager will report to the respective Branch Manager and will be responsible for recruiting life insurance agents, training, managing and achieving results through individual sales in line with the organization objectives.

• Achieve unit business targets including production, persistency, productivity, and manpower growth.
• Identify appropriate markets and market techniques
• Formulate and implement innovative sales techniques to increase unit sales
• Conduct weekly and monthly performance management and review of sales
• To build and maintain good public relations with policy owners, the business community, professionals, and government agencies within the Unit territory in liaison with the Branch Manager.
• To recruit, select, motivate supervise, train, develop and manage the agents under your jurisdiction.

Qualifications, Experience and Competencies

• A minimum of a business degree in a related field-postgraduate qualification in sales and marketing would be an added advantage.
• Must have a valid IRA Licence for the current year as well as renewed 2022
• Proven good performance record of 3 years from a financial institution or insurance
• Good knowledge of life business
• Good interpersonal and organization skills
• Strong presentation skills
• Ability to excel in a fast-paced, multi-faceted team environment
• Proficient in Microsoft office suite.
• Good problem-solving skills
• Ability to coach and mentor a team
• Prior experience in leading a sales team within the insurance industry is an added advantage

go to method of application »

The main responsibility of this role is to undertake all actuarial services of Madison Life Assurance Kenya Limited including product design and development, product pricing and valuations, continuous risk management of existing insurance products, and review of various Life Assurance Products.

Key Responsibilities

• Coordinating statutory actuarial valuation of the Life Fund and reporting
• Undertaking quarterly actuarial valuation of the Life Fund and reporting
• Analyzing Actuarial Statistics parameters for decision making
• Product Designs, Development, and Pricing
• Preparing claims management and Loss ratio reports
• Review of product performance on a quarterly basis to determine product profitability in consultation with the Company’s consulting actuary
• Review of individual Life and Group Life rates in consultation with the Consulting Actuary
• Compiling competitor-underwriting rates for both Group and Individual Life business and making quarterly reports.
• Compiling market share data for life business using the Annual accounts of various companies
• To liaise with the Company’s investment department to ensure optimal return on all investment-related  products, both  Individual and Group Business Policies
• To calculate the daily unit value for investment products and credit the various member’s fund accounts
• To provide any other required actuarial support to the Company.

Qualifications, Experience and Competencies

• Bachelor’s Degree in Actuarial Science
• Master’s Degree (an added advantage)
• Fellow of the Institute of Actuaries (FIA) (an added advantage)
• Certified Public Accountant of Kenya (CPAK)
• 5 years experience in a management role
• In-depth understanding of the operations of life assurance
• Good marketing, communication, and presentation skill
• Good knowledge of the insurance business