Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.

SUMMARY

The Job entails scheme pricing and issuance of quotations to Business development team (BD), broker, Bancassurance and other intermediaries. Timely review of scheme data/ performance and in line with the pricing models provide competitive rates to ensure strong bid and retentions. In addition, role require close collaboration with corporate underwriting team, onboarding process, Renewal /retention and building relationship with stakeholders i.e Intermediaries & Reassurers.

 KEY TASKS AND RESPONSIBILITIES 

• Ensure provision of timely and accurate quotations to the BD team/brokers/clients.
• Develop Pricing models and continuously enhance the models &tools used for forecasting and risk assessment to cope with the changing market trends & company needs.
• Gather intelligence from the market on pricing.
• Be conversant with the regulatory requirements and industry guidelines including Treaties, AML, Data protection etc
• Preparation of costing schedules for group risk schemes based on data provided by the brokers or clients.
• Assist in preparation of monthly reports required by internal clients, finance, and actuarial team.
• Ensuring adequate scheme reassurance placement is done for all new business and renewal as per the treaty.
• Providing quality customer service to the company’s corporate clients.
• Liaise with brokers and direct clients and respond promptly to verbal, written and telephone enquiries on policy benefits and operation.
• Ensure proper records are kept on onboarding of schemes (final quotes done and confirmation of benefit structures).
• Any added duties by the line supervisor

 REQUIREMENTS

SKILLS AND COMPETENCIES

• Good Excel skills
• Computer literate
• Good assessment and analytical skills
• Knowledge of insurance market
• Report writing and presentation skills
• A good product knowledge

KNOWLEDGE & EXPERIENCE & QUALIFICATIONS

• Product and process knowledge
• Possess strong verbal and written communication skills
• Ability to work as part of a team
• Proven analytical skill
• Possess excellent arithmetic skills.
• Self-starter who shows initiative and can work under minimal supervision
• Undergraduate Degree in Commerce (Insurance Option), Actuarial Science or Business related.
• Professional qualifications in Insurance such as CII, COP, LOMA added advantage.
• At least 3- 5 years’ experience in a similar role