Underwriting Officer Job Vacancy at PACIS Insurance Company Limited

PACIS Insurance Company Limited

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Experience Required:1 Year
Total Positions:1
Job Type: Full Time
Job Category: General
Minimum Education: Diploma
Job Location: Eldoret, Kenya
Posted on: August 18, 2023
Last Date: August 24, 2023

Job Description

Underwriting Officer – Eldoret Branch (5 Months Contract)

The job holder is responsible for reviewing the risks
and underwrite profitable business through preparation
of policy documents whilst ensuring all business
processes are adhered to as per set guidelines to
enable the company meets its objectives through the
acquisition, retention and service to clients.

KEY RESPONSIBILITIES
Underwriting Role
 Establish proper documentation of risks and timely
issuance of certificates, debits, policy documents and
endorsements.
 Establish efficient renewal process to achieve the
set turnaround time for preparation and issuance of
renewal notices for delivery of the desired retention
rate
 Issuing and revising of quotes to intermediaries within
recommended guidelines and follow up to ensure
business closure
 Reconciliation of client accounts to reflect the
business booked status on monthly basis
 Preparation and issuance of Renewal notices sixty
dates before renewal date
 Check debt form filled in case of credit according to
the company credit policy
 Prepare and issue cancellation notices in case of
non-payment of premium for specified covers
 Provide advisory services to claims department on
excesses, deductibles, and clauses applicable in
case of a claim
 Confirmation of covers, issue and approve quotations
up to 50% of the treaty limit
 Appoint property & vehicle valuers where necessary
 Issue motor new business policy documents and
renewal schedules
 Execute bonds as per the set authority limits
 Monitor approval and dispatch of renewal and extra
endorsements schedules
Customer Service Role
 Monitoring clients queries and ensuring they are
addressed and correct quotation are provided within
the set timelines and authority levels.
 Follow up on premium collection from clients and
ensure debited within the month.
 Prepare and follow up premium refund in case of
overpayment or cancellation from clients.
 On a need basis carry out client visit with
intermediaries for technical support and product
presentation.

KNOWLEDGE AND EXPERIENCE
Qualifications:
Minimum Academic Qualifications
 Degree in Business Related course
Professional Qualifications
 Diploma in Insurance
Experience:
 One (1) year relevant working experience
Knowledge
 Understanding of insurance industry

SKILLS AND COMPETENCIES
 Customer Oriented
 Interpersonal skills
 Team player
 Creative thinking
 Planning & organizational skills
 Responsible
 Ethical
 Confidence
 Reliability
 Financial awareness
 Analytical thinking
 Keen to details