Position Title: Underwriter
LOCATION: NAIROBI
JOB SUMMARY
Our rapidly growing company is currently seeking for an experienced underwriter to join our team. As an underwriter, you will be in charge of evaluating and analyzing insurance applications as well as determining the risk of granting coverage. You will collaborate with insurance agent and brokers to set the terms and conditions of insurance policies that adhere to our companies’ criteria and standards.
Duties & Responsibilities
- Analyze and evaluate insurance applications to determine the risks of granting coverage.
- Determine the terms and conditions of insurance policies that meet the norms and requirements of our firms.
- Work with agents and brokers that policies are issued on time and efficiently.
- Examine and analyze data and reports in order to detect potential risks and make sound underwriting judgements.
- Respond to enquiries and concerns from agents, brokers, and policyholders with exceptional customer services.
- Maintain accurate underwriting records and documentation. Keep up with industry changes, laws and best practices.
Knowledge and Skills:
- An underwriter should have a thorough awareness of the insurance industry's underwriting standards, principles, and best practices.
- Knowledge of risk assessment, pricing, policy terms and conditions, and regulatory requirements are all required.
- Underwriters must be able to assess data and reports in order to detect potential risks and make informed underwriting choices.
- They should also be able to evaluate risks and decide suitable price and coverage levels using critical thinking abilities.
- Good communication and Interpersonal Skills
- Time Management and Organizational skills
- Attention to Detail
- Understanding of Industry Trends and Developments
Educational Qualifications and Experience:
- A bachelor's degree in business, finance, or a related discipline is required.
- 5-6 years of experience as an insurance underwriter Strong analytical and critical thinking capabilities
- Excellent interpersonal and communication abilities
- Proficiency in Microsoft Office applications and other related software, as well as the ability to operate independently and in a team context
- Understanding of underwriting concepts, rules, and practices
- Understanding insurance policies and coverage alternatives
- We provide a competitive compensation and benefits package, as well as possibilities for professional development and progress. Please submit your resume and cover letter for consideration if you meet the qualifications and are interested in this great job.
Interested candidates are invited to strictly email their cover letter and CV, to careers@orchidhr.co.ke before end of day 30th January 2024. Only short-listed candidates will be contacted