CIC Insurance Group is the leading Co-operative insurer in Africa and one of the top three insurance companies in the country.
CIC Insurance Group consists of three subsidiaries; CIC General Ltd, CIC Life Assurance Ltd and CIC Asset Management Ltd; currently CIC has businesses operating all over Kenya with 23 branches.
In order to execute its ambitious growth and expansion strategy, CIC wishes to recruit high caliber individuals to fill the following position:
Assistant Underwriter – CIC Life
Job Purpose: Assess and prudently underwrite Life business on commercially sound terms and to ensure that all underwriting and documentation duties in the department operate effectively and efficiently
Duties & Responsibilities
- Perform underwriting function for submitted proposals within risk guidelines and archiving the information in manual and electric form
- Verify product rates are adequate and within reinsurance terms before risk acceptance
- Confirm all proposal forms are captured electronically and premiums posted.
- Submit reassurance returns on a quarterly basis
- Issue and dispatch proposal forms to the branches and the policy documents to the clients
- Submit reports to the management on areas of operation
- Stationery requisition and reconciliation done on a monthly basis
- Ensure service providers are paid on a monthly basis
- Ensure service providers are paid on time
- Ensure invoices are paid out to the relevant service providers and answer any querries they may have
- Ensure returns for substandard, death is done
- Sensitive customers on new products, policies, processes and terms to cross sell
- Follow up on renewal lapses
- Ensure timely receipt capture and posting and allocation, capture of policy loan repayments
- Develop and ensure a clear communication process
- Help with job training of new staff
- Contribute and support a harmonious relationship with the various pay points
- Ensure premium refunds are timely and accurately done
- Ensure all policies due for deduction are correctly done and money remitted
- Ensure timely delivery of launch schedules to the various pay points
Academic Qualifications
- Minimum Bachelor of Business administration in Accounting and Finance or bachelor of commerce in Accounting, Finance and Insurance or Bachelor of Science in Actuarial Science
Professional qualifications
- Progress in insurance professional papers ACII or AIIK
Relevant work experience
- At least 1 year as an underwriter in a busy working environment or related field
Skills, Knowledge and Competencies
- Excellent communication skills especially vocal and listening
- Computer literate in MS Office and other office applications
- Excellent interpersonal skills
- Good analytical skills
- Knowledge of trends in insurance underwriting
- Training skills
- Innovative
If you have the aforementioned professional and academic qualifications and you are ready to execute the above mandate, kindly send your resume to the address below indicating on the subject of your email the job title.
For example: Ref: Application for Assistant Underwriter – CIC Life Assurance Ltd.
To:
The Group Human Resources Manager
CIC Insurance Group Ltd
Strictly through Email: recruitment@cic.co.ke.
The application should reach us by close of business on 17th July, 2015.
Please note only short listed candidate will be contacted. If you do not hear from us by 21st July, 2015 consider your application unsuccessful.