Job Description
Madison Life Assurance Kenya Limited is a subsidiary of Madison Group Limited and is a well-known provider of life assurance, group schemes, and pension administration in Kenya. The Group also provides through two other subsidiaries in general insurance underwriting as well as fund management services.
The Company is recruiting for an Underwriting Manager who will be based at its Head Office in Madison House, Nairobi.
Key Responsibilities
• Keeping up with the New Business rules and procedures from regulators affecting Life Business.
• Preparing, reviewing, and implementing Underwriting guidelines.
• Ensuring 100% automation of all underwriting processes, reports, and maximizing the use of the BI tool for reporting.
• Ensuring Reassurance Treaty programs for Life Business are in place.
• Ensuring quotations, policy issuance/amendments, renewals are done within the set customer service benchmarks.
• Ensuring timely conversion of new business and institute measures for timely policy document delivery.
• Guiding, motivating, and training staff on operational processes.
• Continuous monitoring and evaluating the performance of each staff.
• Preparing weekly/ monthly operational management report for Life Business.
• Ensuring Annual returns to IRA are prepared within the stipulated period.
• Ensuring inquiries and correspondences are acted upon.
• In Liaison with the Managing Director’s office provide underwriting decisions and pricing as per authorized financial limits.
• Proactively manage departmental costs by operating within a set budget
Qualifications, Experience and Competencies
• A Bachelor’s degree in Insurance or related field.
• Professional qualification in Insurance (AIIK, ACII)
• Considerable knowledge of the life assurance industry.
• Over 5 years managerial experience in Life Assurance underwriting
• Reinsurance Training