Senior Underwriting Officer at Geminia Life Insurance

This role, the Senior Underwriting Officer at Geminia Life Insurance serves the purpose of ensuring proper underwriting and optimum reinsurance arrangements are in place and operational and in full compliance with existing guidelines.

Roles and Responsibilities:

Managing Treaty and Facultative Re-insurance arrangements for both Ordinary and group-life policies.
Depositing agreed reinsurance treaty renewal documents with IRA before set deadline.
Co-ordinate co-insurance arrangements whenever it arises.
Following up on claim recoveries and quarterly reinsurance premium statements.
Carrying out reinsurance premiums and claims reconciliations with the reinsurance participants both direct and through brokers.
Reconciliation of client and broker premiums statement.
Listing of schemes with loss ratio above 65% on the AKI registry portal.
Setting up and ensuring that reinsurance in LMS works effectively and accurately.
Responsible for the TAT’s for underwriting and reinsurance.
Responsible for implementation of the company strategy in underwriting, departmental.
Support the implementation of departmental employee productivity, satisfaction, retention, and growth by efficiently implementing BSC’s.
Co-ordinate the on-boarding and underwriting of new and existing clients as per the company’s underwriting requirements and turnaround timelines.
Reviewing of Group Life, Credit Life, Mortgage and Last Expense quotations, rates and terms for new and renewal business based on risk classification, market factors and claims experiences.
Co-ordinate the preparation and maintenance of monthly, quarterly, and annual underwriting, claims and reinsurance submissions.
Relationship building with clients and partners to ensure exceptional service delivery to corporate clients.
Help in Management of critical and sensitive group life schemes.
Maintaining a good relationship with reinsurer in view of reviewing, analyzing and implementation of reinsurance requirements.
Training of clients, agents and brokers on company’s policies and products to ensure an improved knowledge base for all partners and adherence to the regulations.

Qualifications

Minimum Requirements

Bachelor’s degree in actuarial science, Insurance or related field.
ACII or AIIK equivalent.
Minimum 4 years of relevant work experience.
Previous experience managing or supporting an underwriting/reinsurance manager.
Demonstrated experience with treaty negotiations and fast and efficient claim recoveries.
Proficient in Microsoft Office products especially excel.

Personal Competencies

The successful candidate should be:

Creative, synthesizing information, harnessing skills, and applying good judgment to solve problems and make improvements.
Conscientious, demonstrating personal integrity and a desire to mentor others.
Relationship-oriented, building a project management team and fostering positive connections with clients and partners as well as other GL teams.
Poised, managing priorities, and producing quality work in complex and time-sensitive conditions.
Ambitious, taking the initiative to pursue new opportunities to develop professionally and help Geminia Life Insurance grow.
Communicative, using clear language to share ideas in writing and speech.

Send your CV & Cover Letter, via email to recruitment@geminialife.co.ke quoting the job title as the email subject