AAR Insurance Actuarial Assistants Jobs in Nairobi, Kenya
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AAR Insurance
Position: Actuarial Assistants
2 Positions
Reports To: Underwriting Manager
Terms: Permanent
Location: Nairobi
Purpose of the Position: Ensure implementation of Medical Insurance best practice guidelines to enable smooth administration of medical schemes and achieve customer satisfaction.
Key Performance Areas:
Medical quotations
Scheme Renewals invitation as they fall due
Statistical analysis
Policy maintenance
Product development.Duties Include:
Ensure accurate set up of scheme limits and premium rates in the system
Monitor Set up and management of membership database in the system
Ensure monthly production of debits and credit notes.
Monitor the member underwriting process of retail policies including issuance of acceptance / decline letters, welcome letter.
Ensuring that premium report is prepared accurately and within the required turnaround
Monitor and ensure that renewals are sent out and follow up for renewal confirmations in liaison with marketing team.
Ensure Preparation and issuance of policy documents and endorsements within the required turnaround.
Work with the marketing team and continuously enhance existing medical products to ensure product competitiveness against evolving market and product trends
Support marketing in business acquisition, staff presentations to members of staff, health talks and medical camps
Liaison with intermediaries and clients on day to day service issues relating to medical
Provide other reports as may be required by management e.g. performance vs. target,
Advise department on terms of cover for new and renewal business to enable proper underwriting and claims processing.
Supporting marketing team in Product development by identifying the consumer needs and developing required products and enhancements.
Standardization of all the underwriting process and monitoring TAT’s.
Initiate continuous review and enhancements of underwriting processes and manuals with reference to best practices in the line of business.
Ensuring all the underwriting documents are filed for easy retrieval and reference.
Guide team and work with marketing team for preparation of medical booklets and scheme benefit summary to clients.
Evaluate any possible risk exposures and make recommendations on how to mitigate them.
Assist with pricing of new and renewal businesses.
Work closely with accounting section and assist on prompt premium payment, third party administration fund/fees and collection of excesses.Level of Education & Experience
Graduate with a degree Actuarial Science or with a bias in Mathematics, over 3 years relevant experience,
Good understanding of the concepts of Medical Insurance
Mature, team player with supervisory skills
Proficient in the use of Microsoft office suite and packagesOther Competencies:
Strong analytical and problem solving skills
Results Oriented, Customer focused
Excellent communication and interpersonal skills
A self starter who demonstrates energy who seeks to get things done and at the same time addressing a wide variety of tasks
Able to provide satisfactory solutions involving the new and unexpected
Able to provide a positive and innovative work environment
Asserts authority when necessary and strives to work within timescales and deadlinesHow to Apply
For more information and job application details, see;Actuarial Assistants
Only shortlisted candidates will be contacted
