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
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
go to method of application »
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.
Apply via :
hr_recruitment@madison.co.ke
