Underwriter Job in Nairobi, Kenya – African Trade Insurance Agency (ATI)

African Trade Insurance Agency (ATI)

Underwriter

The African Trade Insurance Agency (ATI) is a pan-African multilateral financial institution established in 2001 by African States.

ATI was originally launched with the technical and financial support from the World Bank Group and has had more recent support from the African Development Bank.

ATI has grown into a market leader for risk mitigation in Africa, establishing itself as Africa’s primary trade and investment insurer and one of Africa’s largest Development Finance Institutions with an outstanding portfolio exceeding US$6bn at year end 2019.

ATI provides political and credit risk insurance to companies, investors and lenders doing business in Africa.

For over a decade, ATI has maintained an A rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019 obtained a second A3/Stable rating from Moody’s.

ATI’s membership includes African Member States as well as a number of corporate and institutional shareholders.

Besides its head office in Nairobi, ATI currently has offices in Benin, Côte d’Ivoire, Tanzania, Uganda and Zambia.

Working at ATI offers unique career opportunities. Candidates are invited to apply for the following open position:

All positions will be initially based in Nairobi, Kenya however we envisage some of the Underwriting staff will move to West Africa.

Underwriter

Job Description

Reporting to the Chief Underwriting Officer through the Senior Underwriter, the Underwriter will market and generate business for ATI as well as assess the businesses ATI is underwriting.

Responsibilities and Duties

  • Generate business through marketing activities and increasing the visibility of ATI. This involves meeting one-on-one with clients, brokers and prospects as well as attending different marketing events organized by ATI or ATI’s business partners
  • Organize/manage awareness events in countries of responsibility
  • Underwriting business which includes:
  1. Screening business enquiries based on eligibility criteria;
  2. Assess the risks of the proposed transactions and produce a report of the risk to convince approvers to accept the risk;
  3. Issue non-binding/indicative term sheets
  4. Arrange reinsurance for transactions requiring reinsurance support
  5. Preparation of policy documents
  6. Educating policy holders on the A-Z of the policy they are about to sign
  • Managing and monitoring the underwritten risk – support and guide the Post Contract Management Officer in:
  1. Ensuring timely payment of premiums;
  2. Following up on any outstanding documentation/information from policyholders
  3. Continuously monitoring the assigned portfolio, pre-empting any potential risk events thereon; and promptly bringing such to management’s attention

Qualifications

  • At a least a university degree plus a in Finance, Insurance, Banking or Law
  • Master’s degree in the relevant area is an added advantage
  • A Professional qualification: Insurance CII / CPA/ Professional Banking Certification (is an added advantage)
  • Knowledge of insurance and re-insurance
  • Knowledge of French is an added advantage
  • Proficiency in MS Office suite of packages
  • Report writing
  • Negotiation skills
  • Time management
  • Good oral communication skills and interpersonal skills
  • Presentation skills
  • Analytical skills
  • Strategic thinking
  • Judgement and decision making skills
  • Ability to work beyond normal working hours when the job so demands

Experience:

  • At least 4-5 years’ experience in banking, insurance or finance related environment/background.

Key Relationships:

  • Your key internal relationships are with the credit, finance, marketing and procurement departments while externally you will have contacts with brokers, banks, insurance companies, reinsurance companies, corporate clients and governments.

How to Apply:

i) Please submit an Application Letter, Personal History Form (downloaded from the ATI website HERE), CV, plus details of your current remuneration package along with details of three referees to
recruitment@ati-aca.org

ii) The closing date for application is 07th February 2020 at Midnight Nairobi time

iii) ATI will only contact those applicants who are being actively considered for an interview

ATI offers a competitive salary and benefits package and a collegial working environment commensurate with other multilaterals.

ATI reserves the right to not make an appointment to the above vacancies, or to make an appointment at a slightly higher or lower grade, or to make an appointment with a modified job description.


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Updated: January 8, 2020 — 7:52 am