Job Purpose
Assist in underwriting and risk assessment within the set standards of service to ensure quality and timely service.
Key responsibilities
Corporate Business
Review all applications for insurance – determine the profiles of risks presented to the company for insurance and assess their acceptability or otherwise;
Prepare quotations as per authority matrix;
Custodian of underwriting documents e.g. Motor certificates;
Conduct Risk surveys for small risks as per authority matrix;
Prepare and issue certificates and cover notes where necessary;
Ensure timely preparation and dispatch of policy documents including valuation reports, debit, credit notes & endorsements and authorising them within agreed and set authority limits;
Implement credit control policy and ensure that premiums are debited and collected as required;
Ensure receipting of premium collections, daily banking as well as preparation of premium reports for all lines of business as applicable
Assess the loss ratios and ensure that only quality business is invited for renewal;
Review and communicate renewal terms, ensure renewal notices go out on time and follow up renewals to ensure high retention rate;
Retail Business
Conduct 1st level underwriting of new business /by carrying out completeness and accuracy checks to ensure data was captured accurately in the application and systems;
Scanning and indexing of application forms;
Receipting (cheques/standing orders/check offs) and posting payments in Igas;
Preparing daily Igas premium report;
Advise Policy Administration on dishonoured cheques and write letters to customers regarding the same;
Processing refunds/cancelled policies/deductions after maturity, claims and surrenders;
Forward issued applications to registry;
Knowledge, Experience, and Qualifications
Bachelor’s degree (insurance option preferred)
At least one year experience in the insurance industry
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