Consolidated Bank of Kenya Bancassurance Officer Jobs

Consolidated Bank of Kenya Bancassurance Officer Jobs



Job Purpose

Reporting to the Principal Officer, Bancassurance, the Bancassurance Officer will be responsible
for overseeing the Bank’s bancassurance underwriting/operational functions as a way of
streamlining service delivery and offering quality services to customers.

He/she will provide quality
underwriting outcomes for the business lines through effectively maintaining underwriting
standards and providing quality client service. The ideal candidate must be multi skilled with ability to mentor and train junior underwriters.

Key Responsibilities

  • Oversee retail retention portfolio in line with business strategy.

  • Monitor underwriting teams, performance and providing mentoring to achieve personal and department production goals.

  • Identify portfolio risks resulting from client’s underlying business practices, underwriting investigations or fraud exposure.

  • Coordinate with internal stakeholders to initiate marketing strategies and meet market
    penetration and business growth objectives.

  • Receive cover requests either directly from customers or from the branches and advise on
    required documentation and/or data: collect relevant documents and data needed to underwrite an insurance cover as requested by client, branch or Bank.

  • Confirm to the Bank’s Credit department that policies placed to cover borrowed facilities
    meet letter of offer conditions capturing the expiry dates, risk addresses, sums insured and
    other relevant details.

  • Ensure safe custody of copies policy documents issued by the insurance company and
    dispatch duplicate to the client/branch.

  • Manage customer service issues for the duration of cover.

  • Report any claims notified and ensure settlement as per set out
    agreements.

  • Provide premium payment reports to the insurers and request for business statements for
    reconciliation purposes.

  • Management of Bancassurance Sales Executives by ensuring proper sales management.

  • Provide competitive quotations to all customers promptly within the standards set.

  • Membership management; additions and cancellations.

  • Scheme set up, benefits set up and membership updates in the system

  • Timely and accurate debiting of premium and cover conditions and that the documentation

  • Holder of university degree in Insurance, Actuarial or any business related field from a
    recognized institution.

  • Diploma in Insurance will be added advantage.

  • Should have a minimum of at least three to four years’ relevant experience.

  • Should have excellent oral and written communication skills.

  • Should possess excellent interpersonal skills and ability to develop relationships with internal and external stakeholders.

  • Should be confident, self-driven with strong negotiation skills.

  • Should have good customer service orientation and commercial awareness

    How to Apply

    For more information and job application details, see; Consolidated Bank of Kenya Bancassurance Officer Jobs

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