PURPOSE:
Responsible for providing leadership and strategic direction to deliver growth and underwriting profitability through proper selection and adequate pricing of risks for the subsidiary.
1. PRIMARY RESPONSIBILITIES:
- Develop, circulate and regularly update underwriting guidelines;
- Review the risks accepted in the company to ensure they are within the set underwriting guidelines and are covered under the reinsurance programme;
- Issue and approve quotations within specified limits;
- Provide input on product development and business innovation initiatives to ensure continuous review of existing products to meet changing market needs;
- Manage policy documentation process to achieve timely issuance of cover, debits, policy documents and endorsements;
- Manage renewal process to achieve the set turnaround time and retention;
- Co-ordinate underwriting activities to ensure quality and excellent customer service;
- Review and submit compliance reports to the management and regulators;
- Review existing risks, recommend and implement risk mitigation measures;
- Review of departmental business processes and systems to meet the changing business needs and client expectations;
- Approve payments and manage expenses within the underwriting department up to specified limits;
- Engage intermediaries and other business partners in order to grow the business;
- Manage strict application and enforcement of the credit policy and debt management structure and procedures and
- Develop and advice management on the appropriate reinsurance
- Continuous and critical analysis of all claims information and ensure any adverse factors are identified for corrective action;
- Approve all payable claims to insureds and service providers within the set standards of service;
- Setting performance standards/ benchmarks for all parties and ensuring and ensuring delivery under the service level agreements;
- Develop, document and execute claims strategies and procedures taking into account emerging trends, potential outcomes, recoveries and any associated costs;
- Regularly reviews claims reserves to maintain adequate and accurate reserves at all times;
- Prepare and present accurate and timely management reports and statutory returns;
- Identify, appoint and maintain a team of efficient and competent service providers;
- Resolve customers complaints and disputes swiftly and fairly to guarantee customer satisfaction;
- Provide input to underwriters on review of potential or existing Giving feedback on claims trends and their potential impact on the book;
- Liaising with company lawyers and management on matters of claims litigation;
- Draft and make recommendations on insurance policy wordings in conjunction with other departments and
- Identify and manage potential risk for the department in liaison with the risk
2. GENERIC DUTIES
- Carry out performance appraisal, coaching and mentoring staff;
- Resource allocation, staffing and leave approval;
- Participate in planning and budgeting for the department and
- Participate in various meeting and committees and acting as spokesperson on behalf of the company
Key Skills, Knowledge, Experience and Behavioural Competencies | |||||||
These are defined as;
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Academic and Professional Requirements | |||||
Particulars | Detail | Specific Field or Qualification | Need Type | ||
Education | Bachelor’s
Degree |
Business Related Field | E | ||
Master’s Degree | Related Field | D | |||
Professional Qualifications |
ACII or AIIK (Mandatory) |
E |
Experience Required:
Technical Requirements |
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Technical Skills Requirements | ||||||||||||||
1. Excellent communication and presentation skills | E | |||||||||||||
2. Problem solving skills | D | |||||||||||||
3. Excellent interpersonal skills | D | |||||||||||||
4. Good negotiation skills | D | |||||||||||||
5. Good analytical skills | E | |||||||||||||
6. Computer literate in MS Office and other office applications | E | |||||||||||||
7. Understanding of the working environment /competitors | E | |||||||||||||
8. Technical competence in insurance | E | |||||||||||||
9. Basic knowledge of regulations by AKI and IRA | E | |||||||||||||
Behavioural Competencies These are defined as: | ||||||||||||||
Proficiency Level | Proficiency Definitions | |||||||||||||
Level 4 | Advanced (A) | • Applies the competency in considerably difficult situations.
• Generally, requires little or no guidance. |
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Core Competencies | Proficiency Required | |||||||||||||
1. Customer Focus | A | |||||||||||||
2. Business Acumen | A | |||||||||||||
3. Driving Innovation | A | |||||||||||||
4. Driving Business Performance | A | |||||||||||||
5. Negotiation and Influence | A | |||||||||||||
6. Effective Communication | A | |||||||||||||
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Special Position Requirements (Optional section: any travel, security, hazard or related
special conditions that apply to the position) |
• The role holder may be required to travel to distant branches or wherever the Company has any interest.
• Role holder may be required to work extended working hours to ensure jobs are completed on schedule and to specification. |
If you have the aforementioned professional and academic qualifications and you are ready to execute the above mandate, strictly apply through: https://cic.co.ke/career/ clearly indicating the position being applied for.
The application should reach us by the close of business on 31st March 2024.
Please note that only short-listed candidates will be contacted. If you do not hear from us by 30th April 2024 consider your application unsuccessful.
N/B: This job advert is open to both internal and external candidates.
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