Underwriter – Life Assurance

at UAP Old Mutual Group
Location Kampala, Uganda
Date Posted February 3, 2020
Category Insurance
Management
Job Type Full-time
Currency UGX

Description

The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings (www.uapoldmutual.com) as well as Faulu Microfinance Bank (www.faulukenya.com) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan and  Rwanda.

We are rooted in our purpose of “Championing Mutually Positive Futures Every Day” and believe that a great customer experience is anchored in a great employee experience.

Job Summary

Reporting to the Underwriting Manager, the role holder will be responsible for planning and pricing of corporate business life insurance and determining the risk of insuring clients in accordance with the agreed business plans, existing capabilities and competences of UAP Old Mutual Life Assurance.

Key Responsibilities:

  • Analyse information in insurance applications
  • Determine the risk of insuring a client
  • Write quotes and negatiating terms with brokers and customers
  • Evaluate recommendations from the underwriting software
  • Contact field representatives, Medical personnel and others to obtain further information
  • Preparing insurance policy terms and Conditrions
  • Decide whether to offer insurance
  • Determin appropiate premiums and amounts of coverage
  • Liaising with insurance brokers, agents & customers

Minimum qualifications:

  • Minimum of three (3) years experience in insurance underwriting and client servicing for Life Assurance business
  • Bachelors’ degree in Actuarial Sciences, Quantitative Mathematic or any other Bussiness Finance, Statistical degree
  • Additional professional qualifications in Insurance is desiring and considered additional achievement.
  • Entreprenuel drive and busuness development expereince
  • Leadership skills with strong intellect and vision

Skills and Attributes:

  • Self- starter with personal management skills
  • Good assessment and analytical skills
  • Ability to interact at all levels
  • Good maths and statistics skills
  • Attention to details
  • Report writing and presentation skills
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