Latest Jobs at Old Mutual

Introduction...

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

Minimum Requirements...

Academic:

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%

Reinsurance

• 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

Finance

• 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

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Introduction...

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.