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About the Organisation
The UAP Old Mutual Group is an integrated Financial Service business comprising Faulu Microfinance Bank, UAP and Old Mutual. The Group, which is operational in East Africa services to more than 1.2 million customers across Kenya, Uganda, Tanzania, Rwanda and South Sudan. The UAP Old Mutual Group now 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 acquisitions resulted in Old Mutual Kenya UAP Holdings and Faulu Microfinance Bank, forming one of the largest financial services groups with a growing footprint in East and Central Africa. UAP and Old Mutual have been major players in the financial services market in East Africa for decades. The two entities have vast experience in Insurance, Investment, Asset Management and Banking, and are passionate about helping our customers achieve their financial goals.
Senior Underwriter UIC Uganda job at Old Mutual | Apply Now
Kampala, Uganda
Old Mutual is a leading financial services company with a mission to help individuals and businesses achieve their financial goals and secure their futures through innovative and sustainable financial solutions. With over 175 years of experience, the company is renowned for its strong reputation, trusted by millions of customers worldwide, and recognized for its excellence in insurance, investments, and retirement services. Old Mutual's work culture emphasizes collaboration, diversity, and continuous development, offering employees a dynamic environment with opportunities for growth, learning, and career advancement.
The company provides flexible work arrangements and a range of job opportunities across various sectors, promoting a supportive and inclusive workplace. Founded in South Africa in 1845, Old Mutual has evolved into a global financial powerhouse, with a presence in over 30 countries across Africa, Asia, and the Americas. The company operates a customer-centric business model that focuses on leveraging innovation, technology, and data to create personalized financial solutions. Old Mutual’s size and reach enable it to cater to a broad spectrum of clients, from individuals to businesses, across multiple sectors. Its core values—integrity, accountability, respect, and professionalism—guide all its operations and interactions.
Through its corporate social responsibility initiatives, Old Mutual invests in community development, education, health, and environmental sustainability. For more information, visit the official website at www.oldmutual.com.
Are you looking for Communications/ Public Relations jobs in Uganda 2024 today? then you might be interested in Senior Underwriter UIC Uganda job at Old Mutual
Full Time
Deadline:
15 Nov 2024
Job Title
Senior Underwriter UIC Uganda job at Old Mutual
Old Mutual
Job Description
A Senior Underwriter is responsible for evaluating and analyzing insurance applications, determining risk, and making decisions on complex cases within the company's underwriting guidelines. They assess the applicant's information, including financial, medical, and lifestyle data, to decide on coverage limits, premiums, and policy terms. Senior Underwriters handle high-risk and high-value cases, assist in developing underwriting policies, and mentor junior underwriters. They work closely with agents and brokers to clarify underwriting policies and provide guidance on difficult cases. The role requires strong analytical skills, attention to detail, excellent communication, and a deep understanding of insurance products and regulatory requirements.
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
APPLICATIONS FOR THIS POSITION MUST BE ONLINE
Click the "Apply Now Button" Below to submit your Application
Deadline:15th November 2024
Applications are managed via the AfriCareers Jobs Portal:
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Click the Apply button below
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New users: Select Create Profile and complete the Profile Creation Wizard
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Existing users: Log in and update your profile if needed
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Go to the "Jobs" tab
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Read the detailed job description, Roles and Qualifications.
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Submit your application via the jobs portal
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Track progress under "My Applications" tab
Important Note: Employers now hire directly on the AfriCareers New Jobs Portal — keep your profile updated so employers can easily view your CV and hire you instantly.
How to Apply
To assess, price and determine terms for risks presented within set standards of service in a manner to ensure quality selection of risks and timely service
Determine acceptability of risks, recommend risk surveys, monitor and review terms of accounts assigned
Supervise, train and mentor staff on technical matters to ensure their skills are sharpened
Check and sign underwriting document to authenticate it
Prepare and follow up renewal notices to ensure retention
Requisition for premium refund to facilitate issue of cheque
Establish that premiums are paid in respect of accounts managed
Maintain effective business relationships to ensure effective delivery of service
Monitor service standards within the section to ensure high quality customer service is delivered.
Prepare documents – policies, endorsements, certificates within standards of service
Renewal notices and renewal terms including renewal follow-up
Review of performance of accounts to ensure overall loss ratio is kept below 70%
Client/ intermediaries visits
Maintain and account for accountable documents
Sign documents within authority levels
Liaise with claims and credit control to monitor account performance premium payment
Market company products and service to clients and intermediaries
Complete reinsurance cards for large risks
Monitor the QOP standards are upheld in the department and report any issues to the quality council
Carry out payment requisitions payments immediately when they are presented
Establish that quotations, including those done by Assistant underwriters are competitive
Preparation of quotations and follow-up
Establish that all other users of EDMS are assisted anytime they have any problem regarding the system.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Key Competencies
Computer literate
Good communication skills-
Good assessment and analytical skills
Ability to interact at all levels
Knowledge of insurance market
Application of re-insurance
Leadership
Skills
Accountability, Analytical Thinking, Anti Money Laundering Training, Communication, Counter Terrorist Financing, Customer Due Diligence (CDD), Customer Follow-Ups, Customer Service, Insurance, Leadership, Management Reporting, Money Laundering, Payment Handling, Price Management, Service Standards, Social Interaction, Underwriting
Education
Advanced Certificate (AdvCert): Insurance (Required), Bachelors Degree (B) (Required), Diploma (Dip): Insurance (Required)
