To assess, price and determine terms for risks presented within set standards of service in a manner to ensure quality selection of risks and enforce underwriting controls, implement underwriting guidelines, processes, and procedures to ensure quality underwriting and business.
PRINCIPAL ACCOUNTABILITIES.Determine acceptability of risks, recommend risk surveys, monitor, and review terms of accounts assigned. Ensure renewal notices are sent out in time and prudent follow up done to drive high business retention rate. 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 policy schedules and documents to ensure accuracy, clarity, and correctness of the same. Policy Analysis: Review insurance policies to ensure they align with company guidelines, underwriting standards, and regulatory requirements. Decision Making: Make informed decisions on approving, modifying, or declining insurance applications based on risk assessment and underwriting guidelines. Guideline Development: Contribute to the development and refinement of underwriting guidelines, policies, and procedures to enhance the accuracy and consistency of the underwriting process. Communication: Collaborate with sales teams, agents, brokers, and other stakeholders to gather necessary information, clarify requirements, and provide guidance on underwriting matters. Compliance: Ensure compliance with industry regulations, company underwriting standards, and ethical practices Customer Interaction: Communicate with customers to clarify information, address inquiries, and explain underwriting decisions when necessary. Supervise, train and mentor staff on technical matters to ensure their skills are sharpened. Reporting: Generate reports on underwriting metrics, performance, and trends to provide insights for management.
KNOWLEDGE AND EXPERIENCE.
Qualifications:Degree in insurance, actuarial or business related. Professional qualification (CII or IIK) or good progress
Experience:Minimum 5 years’ experience
SKILLS AND 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
31 August 2023
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