Our client, a leading Motor Vehicle insurer, is looking for Head of Underwriting responsible for overseeing the underwriting department and ensuring compliance with industry best practice and regulations.

JOB PURPOSE and KEY RESPONSIBILITIES

  • General supervision of underwriting staff
  • Management of the company’s general business book and the renewal budget
  • New product development and review of existing products
  • Development of an underwriting manual and update it as and when need be.
  • Establishing and fostering good working relationship with intermediaries
  • Preparation, management and analysis of underwriting reports
  • Ensuring that all documentation in the underwriting department is correctly issued and dispatched to the intermediaries/insured/policyholders as applicable.
  • Facilitating continuous training of staff and intermediaries to build capacity
  • Ensuring compliance with the regulatory and other underwriting guidelines
  • Management of motor certificates by ensuring proper records is maintained.
  • Recommending to management effective underwriting systems and procedures for proposals and policies, drafting policies and endorsements and renewals.
  • Work closely with risk department to establish procedures for surveys, initiating risk management programmes and compliance with recommendations on risk improvement.
  • Ensure that new risks accepted and/or renewed with the company are vetted to meet the basic quality standards.
  • Prepare the table of minimum rates as required by the commissioner of insurance and ensure it is lodged with the office
  • Ensure that AKI circulars and communications from the commissioner’s office relating to underwriting functions are well attended to and responded to on time.
  • Risk profiling on suspect claims to establish under writing gaps.
  • Ensuring that all risks insured by the company are subjected to the pre-insurance valuations and those values and /or any findings are communicated to policyholders /intermediaries on time

REQUIREMENTS

  • Bachelor’s Degree in Insurance, Business Administration or any related field
  • Master’s Degree in relevant field will be an added advantage
  • AIIK Diploma/CII Diploma or any insurance related qualification will be an added advantage
  • 8-10 years’ experience in underwriting general insurance products
  • Proven ability to manage, coordinate and supervise teams
  • High level of integrity; Able to maintain utmost confidentiality of information in their possession
  • Excellent negotiation, communication and presentation skills
  • Risk management experience
  • Must be competent in Planning and organizing departmental functions with a keen eye and attention to details
  • Excellent Analytical/Research Skills
  • Strong Leadership and skills

APPLICATION PROCESS:

Kindly visit: https://www.racg.co.ke/html/?p=jobs to create/update your career profile and submit your application, or send updated CV to recruitment@racg.co.ke with email subject “Head of Underwriting” by COB Friday 6th August, 2021.