Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.
Job Summary
Responsible for end-to-end underwriting across Group Risk and to implement company Underwriting Best Practice standards and IRA guidelines and regulations coupled with periodic financial, actuarial, and non-financial reconciliation
Job Responsibilities
- Quotations for Group Risk products and onboarding of new schemes
- End to end Renewal process
- Timely and effective reports to internal stakeholders and brokers.
- Implement credit control policy
- Daily reconciliation, premium administration and subsequent accounting for commissions.
- Participate in Business Development through end-to-end tender process directly and/or through brokers.
- Prepare and compile underwriting reports enhanced with qualitative assessment; portfolio analysis, & risk recommendation
- Collaboratively assess the loss ratios and report as per claims and underwriting best practice
- Preparation of reinsurance bordereaux end-to-end
- Provide underwriting and claims technical support to operation, business development and finance departments in all phases of the customer cycle.
- Individual & team behavior aligned to the Absa Way Drivers for above average score on Absa colleague experience index and positive work environment for colleague engagement
Requirements
Education and Experience Required
- BSC Actuarial or BCom (Insurance Option)
- Professional qualification in Insurance (ACII, FLMI or AIIK)
- At least 3 years’ experience in insurance underwriting and claims processing in credit life, Group Risk and/or Retail Life.
- Extensive experience in analysis of financial and legal documents and data analysis.
- Articulate the role’s end to end processes including applicable risks and controls and how this meets the corporate strategy.
- Managing the facilitation of internal and external auditors/actuaries to ensure complete and efficient audit process and follow up implementation of audit recommendations.
- Strong negotiations and influencing skills Knowledge of business acquisition and retention
- Oral and written communication skills Level:
- Attention to detail
- Basic numeracy
- Analytical skills
- Advanced Microsoft Excel; SQL; PowerPoint
Education
Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
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The post Group Risk Underwriting Consultant at Absa Bank Limited is republished from Jobs – Jobs in Kenya – http://jobwebkenya.com/
