Job Description
Our client, a leading Motor Vehicle insurer, is looking for Head of Underwriting responsible for overseeing the underwriting department and ensuring compliance with industry best practice and regulations.
Responsibilities
General supervision of underwriting staff
Management of the company’s general business book and the renewal budget
New product development and review of existing products
Development of an underwriting manual and update it as and when need be.
Establishing and fostering good working relationship with intermediaries
Preparation, management and analysis of underwriting reports
Ensuring that all documentation in the underwriting department is correctly issued and dispatched to the intermediaries/insured/policyholders as applicable.
Facilitating continuous training of staff and intermediaries to build capacity
Ensuring compliance with the regulatory and other underwriting guidelines
Management of motor certificates by ensuring proper records is maintained.
Recommending to management effective underwriting systems and procedures for proposals and policies, drafting policies and endorsements and renewals.
Work closely with risk department to establish procedures for surveys, initiating risk management programmes and compliance with recommendations on risk improvement.
Ensure that new risks accepted and/or renewed with the company are vetted to meet the basic quality standards.
Prepare the table of minimum rates as required by the commissioner of insurance and ensure it is lodged with the office
Ensure that AKI circulars and communications from the commissioner’s office relating to underwriting functions are well attended to and responded to on time.
Risk profiling on suspect claims to establish under writing gaps.
Ensuring that all risks insured by the company are subjected to the pre-insurance valuations and those values and /or any findings are communicated to policyholders /intermediaries on time
Requirements
Bachelor’s Degree in Insurance, Business Administration or any related field
Master’s Degree in relevant field will be an added advantage
AIIK Diploma/CII Diploma or any insurance related qualification will be an added advantage
8-10 years’ experience in underwriting general insurance products
Proven ability to manage, coordinate and supervise teams
High level of integrity; Able to maintain utmost confidentiality of information in their possession
Excellent negotiation, communication and presentation skills
Risk management experience
Must be competent in Planning and organizing departmental functions with a keen eye and attention to details
Excellent Analytical/Research Skills
Strong Leadership and skills
Apply via :
www.racg.co.ke
