Senior Business Analyst, Underwriting (Senior Business Analyst 2), Insurance Section - Governor's Office at Central Bank of Kenya

Job Purpose

The Job holder is responsible for assessing risks and providing advice on the premium to be paid out under an Insurance scheme.

Key Duties and Responsibilities

Technical and Operational Responsibilities


Evaluate and analyse Insurance proposals.
Prepare Insurance schedules and place cover for staff and Bank property as and when necessary.
Ensure prompt communication of cover placement.
Provide professional advice and feedback on underwriting matters.
Keep detailed and accurate records for policies underwritten.
Prepare and submit all data/information required by the insurer to place a cover.
Maintain a database / spreadsheet of properties insured.
Generate periodic reports on cover placement, policy renewal, premium summaries and insurance coverage status.
Compute and collect premiums.
Facilitate Insurance premium payment / refunds.
Open and manage underwriting files and ensure all subsequent correspondences are properly filed.
Ensure all underwriting activities comply with the Bank's internal policies and Insurance regulatory standards.
Any other duties and responsibilities assigned from time to time.


Qualifications


A Bachelor's Degree in a business-related field.
Diploma in Insurance from a recognised institution.
Membership of an Insurance professional body is an added advantage.


Work Experience


At least three (3) years' post qualification experience in an Insurance company or a busy Insurance firm, acting for Banks/Financial Institutions.