PURPOSE OF THE ROLE
Reporting to the Assistant Manager – Life Underwriting – The Policy Administrator will play a key role in servicing corporate group life clientele with an aim of retention of existing business and introduction of new schemes
PRIMARY Duties & Responsibilities
Prepare competitive quotations in line with the company provided guidelines and maintain a register of the conversion rate provided quotations
Compute policy endorsements, billing and updating of scheme reconciliation schedules.
Timely circulation of medical compliance registers
Perform timely and accurate scheme reconciliation of reinsurance accounts
Observe strict adherence to cash and carry rule and/or company credit control policy.
Communication of renewal terms to the clients and/or broker
Preparation of medical letters for new entrants of schemes
Perform accurate and timely premium allocation as per company set TAT’s.
Prepare reinsurance schedules for scheme movements
Provide quality service to all clients
Respond to all clients queries and ensure all issues raised are solved within the set TATs.
Qualifications and Experience
Bachelor’ degree in Actuarial Science or insurance field
ACII/ IIK qualification
Over 3 years of experience in a similar Life Insurance role
Required skills and Competencies
Good communication and customer service skills
In-depth knowledge of Life Assurance products
Good understanding of Life Insurance laws, practices, and regulatory requirements in Kenya.
MODE OF APPLICATION
Click “APPLY FOR JOB” button above to apply for this job.
Interested candidates who meet the above criteria are requested to forward their cover letter, curriculum vitae and relevant academic testimonials by 1st December 2021.
Due to the numerous responses, we receive, only shortlisted candidates will be contacte
About Metropolitan Cannon Life Assurance Ltd
Metropolitan Life Kenya has been operating since 2007, offering primarily life insurance solutions to retail and corporate clients. In 2013, the company held a solid position in the market place and managed to increase market share. Established in 1964, Cannon Assurance has a wide footprint in Kenya, offering a comprehensive suite of insurance products and asset management solutions. Following the acquisition of a majority stake in Cannon Assurance by MMI Holdings, Metropolitan Life Kenya successfully merged with Cannon at the beginning of 2015. Following the merger, Metropolitan Life Kenya and Cannon Assurance consolidated their life insurance licenses into one, and retained a stand-alone short-term insurance license. Metropolitan Cannon is part of MMI Group Limited, an authorized financial services provider.