Background

Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.

Job Description

Contribute to the sustainable growth of the Specialty portfolio through business retention, cross-selling opportunities and proactive engagement with intermediaries.

Perform all back-office underwriting tasks in line with company policies and regulatory requirements for the specialty line of business.

Evaluate and assess risks to ensure accurate underwriting and pricing decisions that align with the company’s risk appetite and profitability goals.

KEY TASKS AND RESPONSIBILITIES

Underwriting and Risk Assessment

• Underwriting specialized risks across various insurance classes including financial lines, bonds, trade credit, kidnap and ransom while ensuring alignment with company risk appetite and underwriting guidelines.
• Structuring competitive and customized insurance solutions that meet client needs while maintaining company’s risk controls.
• Ensuring strict adherence to underwriting and compliance frameworks during onboarding, renewals, and throughout the policy lifecycle.
• Ensuring all risks are properly placed with the approved reinsurance panel as per the company appetite.

Portfolio Management

• Analyzing the performance of specialty insurance portfolio and implementing strategies to improve profitability, risk management and growth.
• Monitoring industry trends, regulatory developments and emerging risks to support proactive and informed underwriting decisions and maintain product relevance.
• Collaborating with intermediaries and reinsurers to develop and implement new insurance products aligned with market needs.

Reinsurance Coordination

• Coordinate with reinsurers and other cedants to obtain facultative reinsurance support for risks that exceed treaty retention limits or fall outside the scope of treaty coverage.
• Working closely with reinsurers to assess and manage new or emerging risks.

Client and Intermediary Engagement

• Preparing quotations in line with company service standards and authority matrix and following through to conclusion.
• Providing daily support and servicing to clients, intermediaries to strengthen business relationships and enhance client experience.
• Initiate and follow up with the Insurance Regulatory Authority for approvals where necessary.
• Sourcing for business and training stakeholders to ensure the production targets are met
• Collaborating with clients and stakeholders to ensure all bonds are timeously cancelled.

Documentation and Reporting

• Ensuring timely issuance and capturing all documentation relating to specialty classes including premium obligations to all parties.
• Preparing and submitting periodic and monthly reports on specialty lines to management for tracking and strategic decision making.

SKILLS, KNOWLEDGE & COMPETENCIES

• Strategic Thinking: Demonstrates the ability to assess long-term risk trends and align underwriting practices with the company’s strategic goals. Ability to evaluate emerging risks and adjust underwriting strategies accordingly to maintain profitability and competitiveness.
• Communication and Interpersonal Skills: Strong written and verbal communication for internal coordination and external client interaction.
• Problem-Solving: Strong analytical and problem-solving skills to quickly identify issues and develop effective solutions.
• Organization and Time Management: Ability to manage multiple underwriting submissions and projects within strict timelines. Prioritizes tasks to ensure timely delivery while maintaining accuracy and compliance.
• Adaptability and Resilience: Thrives in a dynamic and fast-paced environment, adapting quickly to changing market conditions, client needs, and internal priorities. Maintains composure under pressure and demonstrates resilience when handling high-stakes or urgent cases.
• Technical Proficiency: Strong understanding of underwriting principles and insurance products
• Decision Making: Ability to make sound underwriting decisions based on available information.

QUALIFICATIONS, KNOWLEDGE & EXPERIENCE

Qualifications:

• 1st Degree
• AIIK or ACII or an equivalent qualification
• Relevant additional certifications in insurance or reinsurance management and operations are preferred

Experience:

• 3 years’ experience in underwriting specialized classes
• In-depth knowledge of specialty business operations, regulatory requirements, industry developments and business networking

• Contribute to the sustainable growth of the Specialty portfolio through business retention, cross-selling opportunities and proactive engagement with intermediaries.
• Perform all back-office underwriting tasks in line with company policies and regulatory requirements for the specialty line of business.
• Evaluate and assess risks to ensure accurate underwriting and pricing decisions that align with the company’s risk appetite and profitability goals.
• Underwriting specialized risks across various insurance classes including financial lines, bonds, trade credit, kidnap and ransom while ensuring alignment with company risk appetite and underwriting guidelines.
• Structuring competitive and customized insurance solutions that meet client needs while maintaining company’s risk controls.
• Ensuring strict adherence to underwriting and compliance frameworks during onboarding, renewals, and throughout the policy lifecycle.
• Ensuring all risks are properly placed with the approved reinsurance panel as per the company appetite.
• Analyzing the performance of specialty insurance portfolio and implementing strategies to improve profitability, risk management and growth.
• Monitoring industry trends, regulatory developments and emerging risks to support proactive and informed underwriting decisions and maintain product relevance.
• Collaborating with intermediaries and reinsurers to develop and implement new insurance products aligned with market needs.
• Coordinate with reinsurers and other cedants to obtain facultative reinsurance support for risks that exceed treaty retention limits or fall outside the scope of treaty coverage.
• Working closely with reinsurers to assess and manage new or emerging risks.
• Preparing quotations in line with company service standards and authority matrix and following through to conclusion.
• Providing daily support and servicing to clients, intermediaries to strengthen business relationships and enhance client experience.
• Initiate and follow up with the Insurance Regulatory Authority for approvals where necessary.
• Sourcing for business and training stakeholders to ensure the production targets are met
• Collaborating with clients and stakeholders to ensure all bonds are timeously cancelled.
• Ensuring timely issuance and capturing all documentation relating to specialty classes including premium obligations to all parties.
• Preparing and submitting periodic and monthly reports on specialty lines to management for tracking and strategic decision making.

• Strategic Thinking
• Communication and Interpersonal Skills
• Problem-Solving
• Organization and Time Management
• Adaptability and Resilience
• Technical Proficiency
• Decision Making
• In-depth knowledge of specialty business operations, regulatory requirements, industry developments and business networking

• 1st Degree
• AIIK or ACII or an equivalent qualification
• Relevant additional certifications in insurance or reinsurance management and operations are preferred