The position holder will be responsible for achieving efficiency in Retail Life underwriting and Individual Pension member registration for a variety of products the achievement of financial objectives of the business. Carry out duties in line with compliance of underwriting and member registration activities and processes.
1. Bachelors Degree preferably in insurance or business related field
2. Insurance or Actuarial professional Certification.
3. Knowledge of regulations and best industry practice.
Minimum of 3 years’ experience in Life office operations in a reputable insurance firm, Knowledge of regulation governing the insurance and retirement benefits industry, knowledge on KYC procedures and anti-money laundering act.
1. Underwriting – Risk assessment, classifying of risk and pricing accordingly. Ensure that new clients comply with life insurance and pensions regulation relating to KYC and anti-money laundering guidelines and submitted proposals
2. New Business Issuance – Ensuring timely issuing of new business within given TAT and under JICK’s underwriting guidelines
3. Policy Document Preparation – Signing of policy documents as per the authority limits
4. Data Management – Ensuring data relating to new business is continuously updated and well maintained
5. Customer Care – Ensuring timely response to customer & sales force queries and requests and adhering to “get right the first time” policy
6. Manage the not taken up policies to ensure conversion of pending proposals to issued business within given timelines
7. Monitor changes of policy premium status and identify and address process gaps within the new business
8. Carry out financial underwriting for given policies and implement other activities aimed at improvements of new business persistency
9. Processing re-dates of lapsed policies as per the company guidelines
10. Projects – Implementing projects relating to new business aimed at improving efficiency and accuracy
: Bachelor's degree
Required relevant work experience
: 3 years
English (Spoken: fluent | Written: fluent)
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