Senior Business Analyst, Underwriting (Senior Business Analyst 2), Insurance Section - Governor's Office

ABOUT THE COMPANY

The Central Bank of Kenya was established in 1966 through an Act of Parliament - the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African states to have independent monetary and financial policies. This led to the collapse of the East Africa Currency Board (EACB) in mid 1960s.
Following the promulgation of the new constitution on August 27th, 2010, the Central Bank of Kenya (CBK) is now established under Article 231 of the Constitution, 2010. Under this Article the Central Bank has the responsibility of formulating monetary policy, promoting price stability, issuing currency and performing any other functions conferred on it by an Act of Parliament.
The Constitution guides that “the Central Bank shall not be under the direction or control of any person or authority in the exercise of its powers or performance of its functions”.

JOB SUMMARY

QualificationsA Bachelor’s Degree in a business-related field.Diploma in Insurance from a recognised institution.Membership of an Insurance professional body is an added advantage.Work ExperienceAt least three (3) years’ post qualification experience in an Insurance company or a busy Insurance firm, acting for Banks/Financial Institutions.

RESPONSIBILITIES

Technical and Operational ResponsibilitiesEvaluate and analyse Insurance proposals.Prepare Insurance schedules and place cover for staff and Bank property as and when necessary.Ensure prompt communication of cover placement.Provide professional advice and feedback on underwriting matters.Keep detailed and accurate records for policies underwritten.Prepare and submit all data/information required by the insurer to place a cover.Maintain a database / spreadsheet of properties insured.Generate periodic reports on cover placement, policy renewal, premium summaries and insurance coverage status.Compute and collect premiums.Facilitate Insurance premium payment / refunds.Open and manage underwriting files and ensure all subsequent correspondences are properly filed.Ensure all underwriting activities comply with the Bank’s internal policies and Insurance regulatory standards.Any other duties and responsibilities assigned from time to time.

REQUIRED SKILLS

Stock and inventory management, Underwriting business, Accounting, Invoicing

REQUIRED EDUCATION

Bachelor's degree