African Trade Insurance Agency Underwriting Job in Kenya

Underwriter

The underwriter manages client relationships with a view to underwrite and close insurance contracts.

Core tasks

He/ she manages the general relationship with existing or new contacts that are initiated either by himself/herself or by other colleagues. For strategic accounts he/she establishes a strategy for the management of the relationship and follows it up on a regular basis. The Underwriter makes all necessary initiatives to generate an interest in ATI’s products and inquiries that can lead to commercial proposalsHe/she generates insurance inquiries, makes insurance proposals (“non binding indications”) and follows up with the management, team members and clients until a pricing and structure is found that meets the expectations of all parties involvedHe/ she prepares the final underwriting report that is approved by the management and further prepares the detailed instructions for the issuance of the policyHe/she contributes to the development of new generic productsHe/she reports on his/her performance on an ongoing basis through call reports, monthly underwriting reports and a regular update of the underwriting systemDepending on his/her geographical responsibility, he/she contributes to the regular update of economic country report and the collection of market intelligenceOn request, he/she helps to assess threatening claims and to solve them on an amicable basisOn request, he/she contacts companies that are credit risks to ATI and he/she collects information that help to assess the credit risk betterHe/she manages and extends the distribution network, including brokers, banks and other intermediariesHe/she represents ATI in workshops, conferences and other events to increase the visibility of ATI and the understanding of the marketsHe/she gradually extends their understanding of ATI’s products gradually till they can sell and underwrite the full range (including whole turnover credit insurance, commercial risk – single obligor insurance, surety bonds and political risk insurance)He/she gradually extends his/her understanding of the commercial and economic situation of all the member countries of ATI so that he/she can perform his/her tasks in each of themHe/she develops a network with local and international banks, brokers, underwriters and other players and becomes an accepted and respected partner to them ProfileAn advanced University degree in Banking and Finance, Insurance, Law, Economics, Business Administration, or related area, or the equivalent through experienceProfessional qualifications in banking or insurance such as CII would be an added advantageTechnical understanding and expertise in the respective products  Knowledge, understanding and hands on experience with political and credit risk insurance and the related products (whole turnover trade credit, surety bonds, insurance of commercial loans, single obligor insurance, political risk insurance)A minimum of 5 years insurance experience; with at least 3 years’ experience spent working with contracts and insurance covering the stated products or experience with structured finance products, corporate finance, credit risk and/or credit management, preferable in banking.International experience in ATI member States and/or countries of similar profile to ATI member StatesTeam player with excellent interpersonal and communication skillsFluency in written and spoken English, working knowledge of French is an added advantageExcellent report writing skillsAn advanced university degree in insurance, banking, law, economics, business administration, or related area plus five years post-qualifying experience, or a first degree plus eight years post-qualifying experienceProfessional qualifications in insurance or banking would be an added advantageTechnical understanding and expertise in the respective products  Working knowledge, understanding and hands on experience with Political or Trade/ Credit Risk insurance, and related products (whole turnover, trade credit, surety bonds, insurance of commercial loans, single obligor insurance and trade finance), Invoice Discounting and Factoring, Credit Management, etc.International experience in ATI member states and/or countries of similar profile to ATI member states – ATI’s current member states are Benin, Burundi, DR Congo, Kenya, Madagascar, Malawi, Rwanda, Tanzania, Uganda and ZambiaTeam player with excellent interpersonal and communications skillsNegotiation and strong presentation skillsReport writingFluency in written and spoken English, working knowledge of French is an added advantageHe/she will either be based in Nairobi at ATI’s head office or one of the field offices.Salary Range

US$ 60,000 - 70,000 per annum (net of taxes) plus benefits. This is negotiable depending upon professional qualifications, family situation and experience of the candidate. 

Besides the tax exempt basic salary, the position comes with diplomatic immunities and privileges as well as other benefits provided by similar organisations.

How to Apply:

Only candidates meeting the minimum requirements included in the detailed job-description and submitting applications in compliance with point 1 - 3 above will be considered. Only short-listed candidates will be contacted.

ATI reserves the right not to make any appointment to the above vacancies, to make an appointment at a lower grade, or to make an appointment with a modified job description.