Job Ref. No: JLIL 307
Role Purpose
The role holder will be responsible for ensuring effective evaluation and assessment of risks associated with life insurance policies to contribute to the achievement of the business’ financial objectives. The role holder will carry out duties in line with compliance of underwriting and member registration activities and processes.
Main Responsibilities
Operational
Underwriting– Risk assessment, classifying of risk and pricing accordingly. Ensure that new clients comply with life insurance and pensions regulation relating to KYC and anti-money laundering guidelines.
New Business Issuance–Ensuring timely issuing of new business within given TAT.
Policy Document Preparation – Signing of policy documents as per the authority limits.
Data Management – Ensuring data relating to new business is continuously updated and well maintained and handled with utmost confidentiality.
Customer Care–Ensuring timely response to customer queries and requests and adhering to “get it right the first time” policy. Liaise with tied agents and intermediaries to achieve issuance of policies within given timelines.
Book medical fees for doctors in the system and pay medical fees to doctors assigned to you within 30 days of Invoice.
Keep up to date with industry changes and maintain good working relationships with our various stakeholders.
Manage the not taken up policies to ensure conversion of pending proposals to issued business within given timelines.
Monitor changes of policy premium status, identify and address process gaps within the New business function.
Carry out financial underwriting for given policies and implement other activities aimed at improvements of new business persistency.
Projects – Implementing projects relating to new business aimed at improving efficiency and accuracy.
Maintain documents registry for scanned application forms and medical reports.
Any other responsibility may be assigned by your supervisor or management from time to time.
Corporate Governance
Underwriting Guidelines. Apply underwriting guidelines and policies to determine whether an applicant meets the criteria for coverage.
Compliance. Stay updated with insurance regulations and underwriting best practices to ensure compliance with industry standards
Adherence to the laws and regulations of Kenya, the policies and regulations within the insurance industry and all internal company policies and procedures.
Ensuring compliance with applicable statutory and regulatory requirements and establishing mitigation measures against emerging business risks.
Culture
Fostering a corporate culture that promotes ethical practices and good corporate citizenship while maintaining a conducive work environment.
Collaborate with cross-functional teams to develop initiatives that promote a positive and inclusive company culture.
Individualized Development Planning. Create personalized development plans that align with your career aspirations and the organization’s objectives.
Key Competencies
Data Analysis
Visionary Leadership
Entrepreneur spirit
Market awareness
Customer focus
Continuous Innovation
Ownership & commitment
Team spirit
Academic Background & Relevant Qualifications
Bachelor’s degree in Insurance, Finance, Business or any other related course
Diploma in Insurance.
LOMA/CII/IIK Qualification will be an added advantage.
Minimum 1-2 years’ experience in a similar role
go to method of application »
If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position by 15th April 2025. Only shortlisted candidates will be contacted.
Apply via :
Recruitment@jubileekenya.com
