CIC Insurance Group is the leading
Co-operative insurer in Africa and one of the top three insurance companies in
the country.
CIC Insurance Group consists of three
subsidiaries; CIC General Ltd, CIC Life Assurance Ltd and CIC Asset Management
Ltd; currently CIC has businesses operating all over Kenya with 23
branches.
Assistant Underwriter - CIC Life
Job Purpose: Assess and prudently underwrite Life business on
commercially sound terms and to ensure that all underwriting and documentation
duties in the department operate effectively and efficiently
Duties & Responsibilities
- Perform underwriting function for submitted
proposals within risk guidelines and archiving the information in manual
and electric form
- Verify product rates are adequate and within reinsurance
terms before risk acceptance
- Confirm all proposal forms are captured
electronically and premiums posted.
- Submit reassurance returns on a quarterly
basis
- Issue and dispatch proposal forms to the
branches and the policy documents to the clients
- Submit reports to the management on areas of
operation
- Stationery requisition and reconciliation done
on a monthly basis
- Ensure service providers are paid on a monthly
basis
- Ensure service providers are paid on time
- Ensure invoices are paid out to the relevant
service providers and answer any querries they may have
- Ensure returns for substandard, death is done
- Sensitive customers on new products, policies,
processes and terms to cross sell
- Follow up on renewal lapses
- Ensure timely receipt capture and posting and
allocation, capture of policy loan repayments
- Develop and ensure a clear communication
process
- Help with job training of new staff
- Contribute and support a harmonious
relationship with the various pay points
- Ensure premium refunds are timely and accurately
done
- Ensure all policies due for deduction are
correctly done and money remitted
- Ensure timely delivery of launch schedules to
the various pay points
Academic Qualifications
- Minimum Bachelor of Business administration in
Accounting and Finance or bachelor of commerce in Accounting, Finance and
Insurance or Bachelor of Science in Actuarial Science
Professional qualifications
- Progress in insurance professional papers ACII
or AIIK
Relevant work experience
- At least 1 year as an underwriter in a busy
working environment or related field
Skills, Knowledge and Competencies
- Excellent communication skills especially
vocal and listening
- Computer literate in MS Office and other
office applications
- Excellent interpersonal skills
- Good analytical skills
- Knowledge of trends in insurance underwriting
- Training skills
- Innovative
Underwriter, CIC Life
Job Purpose: Assess and prudently underwrite Life business on commercially sound terms and to ensure that all underwriting and documentation duties in the department operate effectively and efficiently
Job Purpose: Assess and prudently underwrite Life business on commercially sound terms and to ensure that all underwriting and documentation duties in the department operate effectively and efficiently
Duties & Responsibilities
- Assess business risk proposal
- Process schedules and issue policy document
and endorsement
- Ensure proper and accurate debiting and
crediting
- Quotation for clients in consultation with the
underwriters where necessary
- Process commission of agents and brokers
- Ensure timely renewal notification
- Ensure timely renewal confirmations-
endorsements and debits
- Processing of premium refunds
- Attend to customers and intermediaries
inquiries
- Reconciliation of policy holders’ premium
accounts and ensure outstanding premium is paid
- Medical underwriting for all cases above free
cover limit
- Preparation of business monthly reports
- Supervising, assigning tasks and coordinating
activities in the section in the absence of the assistant manager
Academic qualifications
- Bachelor’s degree in any discipline preferably
in finance, accounting, actuarial science, insurance
Professional qualifications
- Good progress in ACII or AIIK
Relevant work experience
- 3 years as an underwriter in a busy working
environment or related field
Skills, Knowledge and Competencies
- Excellent communication skills
- Problem solving skills
- Customer care skills
- Consistent and decisive
- Good analytical skills
- Computer literate
- Leadership skills
Branch Manager
Location: Homabay,
Bungoma, Kitale
Job Purpose: To ensure the branch runs effectively; coordinate
marketing and sales functions for CIC products, generate revenue, increase
market share through efficient and friendly customer service and to safeguard company
property in accordance with the Company’s policies and objectives.
Duties & Responsibilities
- Market and sell all CIC Insurance products to
ensure branch growth and penetration
- Administer branch activities in accordance
with the company policy and values
- Prepare and send branch performance report to
the HQ and give updates of the business status of the branch
- Determine and develop the annual branch
Revenue/Expense budgets
- Perform marketing and public relations
activities to create business awareness
- Design and identify new marketing initiatives
and operational plans
- Recruit and train intermediaries
- Ensure delivery of all renewal notices and
close follow-up for business retention
- Advice and assist clients to update/carry out
policy reviews
- Manage and control the branch expense budget
- Monitor and carry out routine branch audit on
the use and accountability of the motor certificates and receipts
- Handle branch administrative issues including
leave plan for the staff
- Attend Sacco/Co-operative societies AGMs or
SGMs, Education meetings and any invited leaders meetings
- Liaise with the co-operative officers
- Ensure credit control compliance of 50:25:25
monthly
- Ensure business portfolio mix
- Manage loss ratios of the branch within set
limits all the time
- Ensure effective and efficient processes are
followed in the Branch all the time
- Represent the Company in all relevant forums
- Handle customer needs that are beyond the
Branch staff capability
- Ensure all underwriting processes are adhered
to at all times
- Identify staff training needs
- Maintain good relationships with all service
providers.
- Signing of branch documents.
Academic Qualifications
- Degree –Business Related.
- KSCE C+ and above.
Professional Qualifications
- Diploma in Insurance – Mandatory
- (AIIK/ACII)
Relevant Work Experience
- At least 4 years in the financial services
industry with at least three in supervisory position
Skills, Knowledge and Competencies
- Excellent communication and presentation
skills
- Excellent customer care skills
- Good negotiation skills
- Good Computer skills
- Good driver
- Understanding of the working environment
/competitors
- Technical competence in underwriting insurance
risks and claims procedures
- Basic knowledge of regulations by AKI and IRA
- High emotional intelligence
Personal Attributes (3-must,
2-should, 1-preferably)
- High integrity – 3
- Good team leader – 3
- Results oriented – 3
- Dynamic -3
- Fair and objective – 3
- Problem solving – 3
- Highly organised – 3
- Self-driven – 3
- Diplomatic at all times – 3
- Highly organised – 3
- Pleasant and friendly to customers -3
- Good judgement and quick decision maker – 3
If you have the required professional
and academic qualifications and you are ready to execute the mandate, kindly
send your resume to the address below indicating on the subject of your email
the job title.
For example: Ref: Application Branch Manager – Bungoma, Kitale or Homabay
To
The Group Human Resources Manager
CIC Insurance Group Ltd
Strictly through Email to: recruitment@cic.co.ke.
The application should reach us by close of business on 17th July, 2015.
For example: Ref: Application Branch Manager – Bungoma, Kitale or Homabay
To
The Group Human Resources Manager
CIC Insurance Group Ltd
Strictly through Email to: recruitment@cic.co.ke.
The application should reach us by close of business on 17th July, 2015.
Please note only short listed
candidate will be contacted.
If you do not hear from us by 21st
July, 2015 consider your application unsuccessful.