Group Life Underwriting Specialist
Full time @Liberty Life posted 1 month ago in Business and Finance Shortlist Email JobJob Detail
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Experience 4 Years
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Qualifications Degree Bachelor
Job Description
Job Summary
- Supervise Group Life underwriters to ensure prudent underwriting and effective administration of group life schemes in accordance with the laid down procedures and regulation.
Key Responsibilities
- Coordinate processing of renewals, including advising medical requirements to customers
- Coordinate processing of supplementary costings
- Ensure prompt communication of costings (new entrants and exits)
- Review new member details whenever there are changes to scheme membership to ensure accurate data capture.
- Ensure prompt communication of costings (new entrants and exits)
- Support retention of business by ensuring adherence to SLAs
- Promote relationship management with intermediaries and clients.
- Ensure high level of accuracy in costings and debit/credit notes.
- Generate reports for policies due for renewal to ensure timely renewals.
- Attend to queries and concerns from customers and intermediaries to ensure timely resolving.
- Prepare reports as and when required in a timely manner for timely submission.
- Prepare credit life quotations and customers onboarding in a timely manner and accurately for timely communication to customers.
- Prepare policy documents, policy endorsements renewal endorsements and share with customers timely
- Prudent medical and financial underwriting.
- Preparation and submission of accurate reinsurance returns on quarterly basis.
- Seeking facultative reinsurance for customers with sum assureds above treaty limits
- Debt management and collection of premiums
Qualifications
- Bachelors’ degree in a Business-related field
- Professional qualification in Insurance (ACII, AIIK)
Experience
- At least 4 years’ experience in management of group life schemes
Key Performance Measures
- Accurate member details
- Timely processing of supplementary costings
- Timely communication to members
- Timeliness in the raising of debit/credit notes
- Timely dispatch of customer statements
- Timely preparation of reports
- Maintain suspense items at desired levels
- Premium collection within grace period
Competencies
- In-depth understanding of insurance operations and concepts
- Knowledge of insurance regulatory requirements
- Knowledge of claims procedures
- Effective business management skills
- Demonstrable commercial and financial management experience
- Excellent organizational and stakeholder management skills
- Customer service skills
