Underwriter job at Jubilee Insurance
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15 Days Ago
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Vacancy title:

[ Type: FULL TIME , Industry: Insurance , Category: Finance, Insurance & Real Estate ]

Jobs at:

Jubilee Insurance

Deadline of this Job:
15 March 2023  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Sunday, March 12, 2023 , Base Salary: Not Disclosed

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Learn more about Jubilee Insurance
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Job Ref. No. JLIL121

Role Purpose
The Underwriter will be responsible for ensuring efficiency in life underwriting and individual pensions member registration for a variety of products to contribute to the achievement of financial objectives of the business. Carry out duties in line with compliance of underwriting and member registration activities and processes.

Main Responsibilities
• Underwriting– Risk assessment, classifying of risk and pricing accordingly. Ensure that new clients comply with life insurance and pensions regulations relating to KYC and anti-money laundering guidelines.
• New Business Issuance–Ensuring timely issuing of new business within given TAT.
• Creation of Individual Pension Plan accounts and member certificate preparation within given TAT.
• Policy Document Preparation – Signing of policy documents as per the authority limits.
• Data Management – Ensuring data relating to new business is continuously updated and well maintained and handled with utmost confidentiality.
• Customer Care–Ensuring timely response to customer queries and requests and adhering to “get right the first time” policy. Liaise with tied agents and intermediaries to achieve issuance of policies within given timelines.
• Book medical fees for doctors in the system.
• Ensure timely payment of doctors and other service providers within 30 days of invoice.
• Keep up to date with industry changes and maintain good working relationships with our various stakeholders.
• Manage the not taken up policies to ensure conversion of pending proposals to issued business within given timelines.
• Monitor changes of policy premium status and identify and address process gaps within the new business.
• Carry out financial underwriting for given policies and implement other activities aimed at improvements of new business persistency
• Any other responsibility as may be assigned by supervisor or management from time to time.

Academic Qualifications

• Bachelor’s degree in insurance or related discipline.

Professional Qualifications

• Diploma in CII or IIK.

Functional Skills
• Excellent communication & presentation skills.
• Problem solving skills.
• Knowledge in Microsoft Excel is an added advantage.
• Excellent interpersonal skills.
• Excellent customer care skills.
• Computer literate.
• Technical competence in insurance.
• Basic knowledge of regulations by AKI and IRA.
• Team spirit

Relevant Experience

• Minimum of 5 years’ relevant experience in a similar position.
Closing: 15 March 2023

Work Hours: 8

Experience in Months: 60

Level of Education:
Bachelor Degree

Job application procedure

If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com  quoting the job reference number and position

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 15 March 2023
Duty Station: Nairobi
Posted: 14-03-2023
No of Jobs: 1
Start Publishing: 13-03-2023
Stop Publishing (Put date of 2030): 13-03-2067
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