Assistant Underwriting Manager – General Business
The Role
The jobholder will be
responsible for the establishment, implementation and evaluation of business
and strategic direction to deliver growth and underwriting profitable through
proper selection, acceptance, training and ensuring compliance in
Underwriting. He or she will efficiently and effectively manage the
underwriting team to ensure satisfactory underwriting standards are achieved
profitably.
Key Responsibilities
- Provide
technical expertise to underwriting staff and marketing team
- Reviewing
the risks accepted in the organization to ensure they are within the set
underwriting guidelines and are covered under the reinsurance programme
- Issuing
and approving quotations
- Working
closely with reinsurance to ensure proper reinsurance
- Negotiating
of reinsurance treaties, facultative and claims recoveries
- Liaising
with claims department on loss ratio, emerging trends and risk mitigation
- Reviewing
existing risks, recommending and implementing risk mitigation measures
- Conducting
performance appraisals, coaching, training and mentoring staff
- Managing
the entire underwriting processes.
- Ensure
department compliance with underwriting guidelines, reinsurance treaty,
credit management policy and customer service benchmarks as per company
service charter
- Assist,
advice and support marketing team in all marketing initiatives.
- Provide
input on product development and business innovation initiatives to ensure
continuous review of products to meet changing market needs.
- Engage
intermediaries and business partners in order to grow the business
- Managing
the renewal process to archive the set performance level and turnaround
times
- Coordinating
the underwriting activities including branches to ensure quality excellent
customer service
- Reviewing
and submitting compliance, monthly and periodic reports.
- Reviewing
of departmental business processes and IT systems to meet the changing
business needs
Minimum Requirements
Experience and
Qualifications
- At
least 5 years’ experience in a Supervisory positon in Underwriting
department
- Degree
in Insurance or relevant field.
- Completed
AIIK or ACII
How to Apply
Qualified candidates are
requested to forward their applications together with their CV’s and copies of
documents to the Group HR Manager on hr_recruitment@madison.co.ke not later than 31st December, 2022.
