Job Description

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.

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