Cannon Life Assurance (K) Ltd is seeking to fill the below-listed position with a dynamic, forward-thinking achiever with expertise in Life Underwriting.
If the position described below fits your skills and ambitions, we will be excited to hear from you.
Job Title: Policy Administrator
Purpose of the Role: Reporting to the Assistant Manager – Life Underwriting – The Policy Administrator will play a key role in servicing corporate group life clientele with the aim of retaining existing business and introduction of new schemes.
Primary Duties & Responsibilities
- Evaluate and Analyze insurance applications against set criteria to determine the client's risk to the business.
- Timely recommendations on client's application and advise on their approval or rejection based on set criteria.
- Contact relevant stakeholders to obtain relevant information required in client's application.
- Prepare competitive quotations in line with the company provided guidelines and maintain a register of the conversion rate provided.
- Issue policy endorsements, billing and updating of scheme reconciliation schedules.
- Timely circulation of medical compliance registers.
- Perform timely and accurate scheme reconciliation of reinsurance accounts.
- Observe strict adherence to cash and carry rule and/or company credit control policy.
- Communication of renewal terms to the clients and/or broker.
- Preparation of medical letters for new entrants of schemes.
- Perform accurate and timely premium allocation as per company set TAT’s.
- Medical Underwriting.
- Prepare reinsurance schedules for scheme movements.
- Provide quality service to all clients and maintain detailed records of policies underwritten and decisions made.
- Respond to all client’s queries and ensure all issues raised are solved within the set timelines.
- Process all relevant payments.
- Any other duty as may be assigned by the management from time to time.
Qualifications and Experience
- Bachelor’ degree in insurance related field
- ACII/ IIK qualification
- Over 3 years of experience in a similar Life Insurance role
Required Skills and Competencies
- Good communication and customer service skills
- In-depth knowledge of Life Assurance products
- Good understanding of Life Insurance laws, practices, and regulatory requirements in Kenya.
How to Apply
Interested candidates who meet the above criteria are requested to forward their cover letter and curriculum vitae via email only to jobs@cannon.co.ke by 28th April 2023.
Only shortlisted candidates will be contacted.
Cannon Life Assurance (K) Ltd is an equal opportunity employer, therefore canvassing will automatically be disqualified.