Reinsurance Officer At Old Mutual Kenya

Details of the offer

Job Description
Assist in the implementation of the company's reinsurance program, based on the overall company's objectives, philosophy, underwriting and claims strategy and assist in management of the expectations of all reinsurance stakeholders through qualitative and timely provision of services to stakeholders.
Reviews risk submissions from clients, agents, and referrals, and underwrites insurance requests within guidelines of the underwriting manual and authority limits. Applies underwriting and risk-selection techniques to determine acceptability of new and renewal insurance risks.
Responsibilities
Underwriting Insurance Cases
Review new business and renewal proposals to ensure acceptability and completeness of underwriting and rating information, providing price quotations for underwriters and referring unusual or complex cases to senior colleagues.

Underwriting Automation
Carry out allocated research and analysis to support the development, validation, and improvement of automated underwriting processes and systems.

Organizational Risk Management
Gather, monitor, and analyze risk data and recommend further investigation. Involves using established risk management models, systems, and protocols and working under direction.

Regulatory and Compliance Management
Carry out a wide range of compliance monitoring activities and give basic advice on compliance and regulatory requirements.

External Communications
Use the external communications system to access and supply specific information.

Recommendations
Provide information and clarification on existing procedures, processes, and precedents.

Document Preparation
Prepare moderately complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for reports.

Operational Compliance
Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.

Personal Capability Building
Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Skills
Action Planning, Computer Literacy, Data Compilation, Data Controls, Default Risk, Insurance Product Management, Insurance Sales, Large Group Presentations, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Risk Based Pricing, Risk Management, Underwriting Management

Competencies
Action Oriented
Collaborates
Communicates Effectively
Ensures Accountability
Instills Trust
Manages Complexity
Optimizes Work Processes
Plans and Aligns

Education
Bachelor Commerce: Insurance


Nominal Salary: To be agreed

Source: Myjobmag_Co

Job Function:

Requirements

Credit Risk Management Officer At Yehu Microfinance Services Limited

The Credit Risk Officer will be responsible for managing and mitigating the risks associated with lending activities in Yehu Microfinance Services Limited – ...


Yehu Microfinance Services Limited - Nairobi Area

Published a month ago

Senior Relationship Manager At Lifecare International Insurance Brokers Ltd

Key Responsibilities: Oversee and manage a team of relationship managers. Develop and maintain strong client relationships. Analyze client needs and provide ...


Lifecare International Insurance Brokers Ltd - Nairobi Area

Published a month ago

Financial Analyst At Kcb Bank Kenya

KEY RESPONSIBILITIES: Support in developing individual business segments profit & loss accounts and the annual budgeting process including the consolidation ...


Kcb Bank Kenya - Nairobi Area

Published a month ago

Finance And Budget Assistant At United Nations Office On Drugs And Crime (Unodc)

Duties and Responsibilities Under direct supervision of the Head of the Transnational Organized Crime, Illicit Trafficking, and Terrorism Prevention Programm...


United Nations Office On Drugs And Crime (Unodc) - Nairobi Area

Published a month ago

Built at: 2024-12-23T23:20:17.708Z