Assistant Underwriter at Old Mutual Insurance Rwanda

Old Mutual Insurance Rwanda (formerly UAP Insurance Rwanda) is a part of Old Mutual Limited, an integrated financial services provider that offers insurance, banking, and investment business. It is a subsidiary of the UAP Old Mutual Group. Old Mutual Insurance Rwanda's mission is to improve quality of life by providing financial freedom and peace of mind. Its aim is to be Rwanda's most innovative financial services provider.

Old Mutual Limited (OML) is a prestigious African financial services company that provides a wide range of financial solutions to business and retail clients in 14 important markets. We have specialty businesses in Asia, but our main operations are in South Africa and the rest of Africa. We employ 30,000 people, serve 12 million consumers, and have more than 175 We have a long history in sub-Saharan Africa and play a significant role in both the local communities we work with and the larger community there. The company is traded on the stock exchanges in Johannesburg, London, Zimbabwe, Malawi, and Namibia. Three significant players make up the UAP Old Mutual Group as a result of Old Mutual's acquisition of a controlling interest in Faulu in 2014 and UAP in 2015. As a result of the transaction, Old Mutual Kenya, UAP Holdings, and Faulu Microfinance Bank (www.faulukenya.com) have come together to form one of the biggest financial services organizations with a rising presence in East and Central Africa. Currently, the Group is active in Kenya, Uganda, Tanzania, South Sudan, and Rwanda.  In addition to a bigger and more accessible distribution network, the Group now provides customers with a comprehensive and improved variety of financial services, including investment, insurance, banking, and savings. Employees have numerous opportunities for career progression within the larger group. As a result, it seeks to appoint a skilled, experienced, and talented person to the below vacant post in order to strengthen its portfolio as a Pan-African Financial Services Group. Details about the positions are provided below;

Role Title: Assistant Underwriter -1 Post

Business Unit(s): Rwanda

Business /Function: Assistant Underwriter

Location: Rwanda-Musanze Branch

Reports To: Senior Underwriter

MDP Level: Manager of self

Role Size: K

Job Summary

The underwriting team is supported and helped by this job. Performs administrative tasks involving risk evaluations, loss runs, loss ratings, and new and renewed accounts. Assisting underwriters with rate and premium computations is one of the responsibilities of an underwriting assistant.

Key tasks and responsibilities

• Make sure the right security documents are kept track of and stored safely, such as motor certificates.
• Keep an eye out for follow-up accounts that are underperforming by regularly reviewing the performance of the accounts and brokers in the section.
• Make sure to provide business with timely and correct quotes, follow up on those quotes, and submit monthly reports outlining renewal capture and the status of unrenewed business.
• To make sure that premiums are paid on time, monitor premium collection and uphold the credit control policy.
• Ensure the accuracy of the renewal notification and prompt drafting of the renewal terms for significant accounts, and make that a copy of these terms is kept for reference.
• Signing security papers, such as certificates, COMESA cards, and invoices, within the scope of one's authority.
• Marketing to brokers and walk-in customers of the company's goods and services.
• Report outstanding employment positions on a weekly and monthly basis, including ageing analysis for the Marketing department's follow-up.
• Any additional task that the line manager assigns.

Qualifications and experience

• Finance, insurance, or a similar business field as a Bachelor's degree.
• 3+ years of work experience
• Basic Insurance Requirements

Skills and competencies

• Good bargaining and communication abilities
• Strong interpersonal abilities
• Comprehensive knowledge of policy provisions and how to interpret them in relation to claims. 

Please go to our careers page by clicking on: https://oldmutual.wd3.myworkdayjobs.com/en-US/Old_Mutual_Careers/details/Assistant-Underwriter_JR-41819?q=assistant%20underwriter

 Interested candidates are asked to submit their applications By midnight on July 10, 2023.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application. 

ONLY short-listed candidates will be contacted.