JOB PURPOSE
Reporting to the Underwriting & Claims Manager, this role is responsible for establishment of scope and adequacy of insurance covers for all policies presented to the Bank particularly for Corporate clients.
KEY RESPONSIBILITIES:
Independently carry out risk surveys or in liaison with Underwriters for properties/establishments/projects having Bank interest or insured through KCBIA.
Achievement of the business targets by way of engaging the stakeholders and offering the requisite insurance support.
Driving business diversification particularly through cross-selling based on the risk surveys
Production of timely and comprehensive risk survey reports to enable sufficiently informed decisions for Credit and other stakeholders’ appraisal.
Engage on complex and technical claims, negotiate settlement and review any underwriting gaps.
Assessing risk levels on insured or properties proposed for insurance including but not limited to moral & physical hazards, claims history, any special perils and recommendations thereby
Manage and ensure proper scope and sufficiency of insurance policies held by the Bank
Develop and implement strategies to drive more insurance business through up sales and cross sales.
Ensure business retention/acquisition by daily monitoring of expiring financed policies, ensuring advance renewal engagements, giving relevant advice and timely reporting
Maintain an up to date register of all facilities with appropriate valuation/risk survey details at any given time and ensure timely revaluation/progress reports for projects
Help in training all stakeholders and expend appropriate knowledge in identification of insurance opportunities from the Bank’s insurance registers
Partnering with other professionals, keep up-to-date with technical/legislation aspects affecting risks e.g. trade processes, hazardous materials and environmental/sustainability declarations/treaties/legislation
Conduct safety programs to staff and corporate clients on safety standards and regulations
Analyse claims trends/feedback, engage on complex/technical claims in liaison with the underwriting/claims manager for high retention and attraction of new business
Share and discuss survey reports with different stakeholders as and when required
EXPERIENCE & EXPERTISE
Bachelor’s Degree in Risk management related field from an institution recognized by Commission for University Education.
Professional Qualifications in Insurance (CII/IIK) is required.
Possession of a postgraduate degree, or relevant professional qualifications (CFA) will be an added advantage.
At least 5 years’ experience in Loss adjustments/Risk surveying for insurance purposes or insurance knowledge under a technical role from a reputable insurance player
Knowledge of Insurance Industry commercial, statutory and regulatory dynamics
Excellent Financial analysis and performance management skills.
Proven Track record in delivering results.
