Job Description
To assess, price and determine terms for risks
presented within set standards of service in a manner to ensure quality
selection of risks and enforce underwriting controls, implement underwriting
guidelines, processes, and procedures to ensure quality underwriting and
business.
Principal Accountabilities
Reviewing the risks accepted from branches to ensure
they are within the set underwriting guidelines and are covered under the
reinsurance Programme.
Providing technical advice to branch staff on rating
and underwriting of complex risks to ensure safe profitable distribution of
risk.
Managing branch underwriting processes like business
on boarding, completeness of on boarding documentation, risk surveys and
valuations, policy documentation issuance, certificates management,
cancellations and refunds, review of underwriting manual.
Providing technical support and input on product
development and business innovation initiatives to ensure continuous review of
existing products to meet changing market needs.
Review and approval of risk pricing and quote requests coming through branch channels.
Response to daily operational queries from the branch
channel to ensure smooth operation and efficient customer experience within the
stipulated turnaround times.
Reviewing of underwriting business processes,
systems, and standard operating procedures to meet the changing business needs
and emerging control environment risks.
Preparation and submission of monthly underwriting
returns to IRA
Preparation and update of all compliance, risks,
events, indicators, and actions into the risk management system.
Auditing and monitoring compliance levels on various
compliance issues such underwriting documentation, risk cessioning in the
system and compliance with filled and reinsurance rates
Review and approval of policy schedules and documents
from the branch channels to ensure accuracy, clarity, and correctness of the
same.
Identify process and product training needs of branch
staff and organizing relevant trainings to fit such identified gaps
Coaching and mentoring branch staff on underwriting
guidelines, standard operating procedures, and technical product knowledge
Knowledge
Qualifications:
Degree in insurance, actuarial or business related.
Professional qualification (CII or IIK) or good
progress
Experience:
Minimum 5 years’ experience
Skills
Sound Technical Underwriting skills
Intensive and extensive product knowledge
People Management and overall managerial skills
Good analytical skills
Customer service skills
Good Communication Skills
Computer Literate with good knowledge of Excel
How To Apply
