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  • Posted: Mar 23, 2020
    Deadline: Mar 28, 2020
  • Note: Never pay any money to any recruiter for any purpose (certificates, medical testing, interview, work kit or any other thing).
    Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.
    Read more about this company



    To Ensure that the company business is professionally underwritten to an acceptable standard within the underwriting guidelines and arranged reinsurance program

    Minimum Requirements...


    Bachelor’s Degree & progress towards CII qualifications
    Key Competencies:

    • Marketing and customer relations
    • Strong interpersonal skills
    • Organized and self-driven
    • Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance slips
    • Good analytical skills
    • Computer knowledge
    • Ability to communicate effectively
    • Good understanding of general Insurance products

    Job Specification...

    Quotations and Risk Acceptances

    • Ensure quotations allocated are done and approved by the Underwriting Manager and dispatched within the agreed turnaround time
    • Accept new motor and domestic package proposals which meets acceptable underwriting standards subject to approval by the Senior Underwriter within the delegated authority

    Underwriting Process and Procedures

    • Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
    • Register and input all allocated new business in the system within the agreed turnaround time
    • Prepare /Issue policies for all classes of insurance within the system within the agreed turnaround time
    • Process all endorsements within the agreed turnaround time
    • Respond to all correspondence within the agreed turnaround time
    • Ensure adherence to all the process procedures and controls

    Risk Management

    • Analyze and assess proposals and risk notes and report to the team leader on the need to carry out surveys for small to medium size non-standard risks
    • Communicate with the team leader on the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written

    Policy Renewals

    • Work on the allocated renewal scrutiny listing 2 months prior to expiry of policy and dispatch renewal notices to producers/clients1 month prior to renewal date
    • Follow up allocated policies falling due for renewal and provide weekly report to Senior Underwriter to ensure achievement of monthly retention ratio of at least 90%


    • Liaising with the Reinsurance Section regarding risks requiring facultative reinsurance placements.
    • Filing – Comply with the agreed filing and record keeping system

    Customer Service

    Attend to direct customers who visit the office for inquiry and provide prompt attention and efficient service


    • Enforce credit control and effect cancellation for policies not paid to ensure that premium is paid for risks accepted
    • Ensure all monies collected are banked on daily basis

    go to method of application »

    AML Officer - Faulu


    The job holder will assist in Money Laundering, Know Your Customer & Financing of Terrorism risk identification, measurement, monitoring, management and reporting in line with Faulu Microfinance Bank Compliance Policy and Old Mutual Group compliance requirements.

    Minimum Requirements...

    • Business or Law degree
    • Experience in a Banking environment either in Branch, Head Office, Controls functions or Operations is an added advantage
    • Open minded and solution oriented
    • Ability to influence with good negotiation skills
    • Good communication and interpersonal skills
    • Good analytical skills
    • Proficiency in report writing
    • Ability to take initiative and follow through on defined tasks
    • Possess high levels of integrity
    • Advanced computer skills in MS Office
    • Sound independent judgment
    • Attention to detail
    • Keen follow up
    • Ability to take initiative and follow through on defined tasks

    Job Specification...

    • Development of process flows and procedures for adequacy of AML, KYC & CFT Risk management.
    • Prepare management reports in line with the results of the transaction monitoring as well as sanctions screening to support enhancement of the risk assessment framework.
    • Conduct review of designated High-Risk customer account opening files for approval by Management.
    • Conduct daily transaction sanctions screening in line with set parameters and management of screening blacklists.
    • Conduct daily AML & CFT transaction monitoring and continuous management of monitoring thresholds in the AML system.
    • Preparation of Suspicious Transaction Reports in line with review of screening & monitoring alerts in the AML system.
    • Participation in assigned meetings as a representative of the Compliance unit.
    • Provide advisory to all staff on all AML, KYC, CFT and Sanctions matters in the Bank.
    • Liaison with Bank staff to conduct enhanced due diligence on customer transactions.
    • Perform other duties as assigned by the Compliance Manager or Head of Risk & Compliance.

    Method of Application

    Use the link(s) below to apply on company website.


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Average Salary at Old Mutual Kenya
KSh 137K from 3 employees

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