Job Ref. No: JLIL 230
Role Purpose
The role holder will be responsible for onboarding,
assessing and evaluating risks associated with personal pension plans,
annuities, income drawdown (IDD), and ordinary life insurance products. The
role holder will also determine appropriate terms and conditions for policies,
ensuring compliance with regulatory and corporate standards, and contributing
to the profitability and sustainability of the JLIL’s portfolio.
Main Responsibilities
Operational
Customer Onboarding. Assess and evaluate applications
for personal pension plans, annuities, IDD, and ordinary life insurance as per
company and regulatory guidelines.
Medical & Financial Underwriting. Review
medical reports, financial documents, and other relevant information to assess
the applicant’s health and financial status.
Policy Issuance. Approve or decline applications based on established guidelines and risk appetite, and issue policies with appropriate terms, conditions, and premiums.
Documentation. Maintain accurate and detailed
records of underwriting decisions and the rationale behind them.
Communication. Liaise with agents, brokers, and
clients to gather additional information and explain underwriting decisions
when necessary.
Technology Utilization. Use underwriting
software and tools to assess risks and streamline the underwriting process.
Corporate Governance
Compliance. Ensure all underwriting activities
comply with regulatory requirements, industry standards, and internal policies.
Documentation and Reporting. Prepare and
provide necessary documentation for audits and regulatory reviews.
Report on underwriting activities and performance to
senior management.
Internal Controls. Implement and maintain
robust internal controls to mitigate underwriting risks and prevent fraud.
Policy Development. Assist in the development
and updating of underwriting guidelines, policies, and procedures to ensure
they remain current and effective.
Culture
Promote ethical underwriting practices and
maintain high standards of integrity and professionalism.
Foster a collaborative work environment by
working closely with other departments, including sales, claims, and actuarial
teams.
Encourage a culture of continuous learning and
improvement within the underwriting team.
Ensure customer-centric approaches in
underwriting processes and maintain a high level of customer service.
Key Competencies
Analytical Skills. Strong analytical and
decision-making skills to assess risk and determine appropriate underwriting
actions.
Attention to Detail. High level of attention to
detail to ensure accurate risk assessments and policy issuance.
Communication Skills. Excellent verbal and written
communication skills to interact effectively with clients, agents, and internal
stakeholders.
Customer Service Orientation. Strong focus on
providing excellent customer service and maintaining positive client
relationships.
Problem-Solving. Ability to identify and resolve
underwriting issues efficiently and effectively.
Team Collaboration. Strong ability to work
collaboratively within a team and across departments.
Academic Background & Relevant Qualifications
Bachelor’s degree in Finance, Economics, Business
Administration, Actuarial Science, or a related field.
Diploma in Insurance
LOMA/CII/IIK/ FALU Qualification will be an added
advantage.
Minimum of 2-3 years of experience in underwriting
personal pension plans, annuities, IDD, and ordinary life insurance.
Proven track record of making sound underwriting
decisions and managing insurance portfolios.
Experience in interacting with clients, agents, and
brokers to gather necessary information and explain underwriting decisions.
How To Apply
If you are qualified and seeking an exciting new
challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position
