JOB TITLE: UNDERWRITING AND OPERATIONS TRAINEE
JOB PURPOSE
Management of branches assigned to for:
- Business retention and policy renewal management
- Client’s insurance policies application and advising on the risk rates and acceptable terms,
- Debiting of policies in the Bancassurance system and policy declarations.
- Claims Analysis
KEY RESPONSIBILTIES
- General Business Underwriting & Operations Key – 40%
- Business Management, Underwriting and Operations (9 Branches) – 30%
- Customer Experience Management – 10%
- Risk and Compliance – 5%
MAIN ACTIVITIES
- General Business Underwriting & Operations Key – 40%
- General business rates and terms negotiation to ensure all customers get value out of quotes issued and covers placed.
- Ensure SLAS define all TATs around the underwriting and operations processes
- Enhance and maintain a good business relation between the intermediary and the insurance companies.
- Ensure renewal notices are sent out to assigned intermediaries’ customers at least a month prior to policy expiry
- Track the renewal ratio for the assigned branches in the intermediary and advise the bank on the strategies to grow and maintain the overall ratio at 80%
- File ALL insurance pledge forms and ensure renewal with the intermediary
- Business Management, Underwriting and Operations (9 Branches) – 30%
- Process and renew policies in the bancassurance system.
- Ensure Motor certificates, cover notes and policy documents are issued to the clients.
- Advise Branches and clients on Insurance rates and terms.
- Ensure Policy reinstatements revisions and endorsements are done and communicated to the underwriters.
- 9 Branches management on Debt collection, Policy renewals and policy cover issue. The branches include.
- Ensure accurate debit notes & credit notes are raised in the bancassurance system.
- Ensure accurate policy endorsements and revisions are raised in the system.
- Ensure Policy contra and cancellation credit notes are raised in the system.
- Customer Experience Management – 10%
- Meet the departmental internal customer satisfaction.
- Identify opportunities for business development and providing insightful feedback on products and solutions that help in the customization and development of new products/solutions.
- Deliver high level customer service and client satisfaction.
- Risk and Compliance – 5%
- Ensure all Insurance companies under the bank insurance panel signed Service Level Agreement.
- Ensure we comply with IRA on the Bancassurance Intermediary appointment and onboarding as an intermediary to appointed insurance companies.
- Ensure implementation and compliance with operational policies and procedures, AML/CFT Policy.
DECISION MAKING AUTHORITY
- This section records how decisions are made and the accountability for making decisions. Give examples Day to day making of
- Business decisions and advising customers on their insurance needs and costs. These include ALL clients in assigned branches. In
- The position holder is expected to make informed decisions and give customers advise on the same.
- Any matter involving premium refunds will be referred to the Finance and operations team who will seek approval from Head of Bancassurance before effecting
ACADEMIC BACKGROUND
- Bachelor’s Degree (Preference given to Actuarial, Insurance, Statistics or a Business-Related Course)
WORK EXPERIENCE
- At least 1 years in insurance, preferably in Bancassurance back office operations and claims experience.
SKILLS & COMPETENCIES
- Knowledge in Bancassurance Underwriting and Operations procedures.
- Knowledge in Insurance and Insurance products.
- Good Analytical and Interpersonal Decision-making skills.
PROFESSIONAL CERTIFICATION
- COP (Certificate of Proficiency in Insurance) or Diploma in Insurance ACII or IIK.
HOW TO APPLY
Fill in the job application form below.