Job Description
Ensure risks accepted from branches are within the set underwriting guidelines and are covered under the reinsurance Programme
Ensure risks accepted from branches 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 turn around 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 guidelines , documentation, authority matrix, data completeness , risk cessioning in the system and compliance with filled and reinsurance rates.
Enforce and ensure 100% compliance in underwriting department
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.
SKILLS & COMPETENCIES
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
QUALIFICATIONS ( ACADEMIC, PROFESSIONAL & EXPERIENCE)
Qualifications:
Degree in insurance, actuarial or business related
Professional qualification (CII or IIK) or good progress
Experience:
Minimum 5 years’ experience
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oldmutual.wd3.myworkdayjobs.com
