JOIN OUR TEAM: UNDERWRITING MANAGER OPPORTUNITY
Location: Nairobi, Kenya | Application Deadline: Monday, June 2, 2025
Korient Insurance Brokers Limited (KOIL) is a dynamic player in the insurance industry, offering tailor-made solutions to meet the evolving needs of clients across multiple sectors. As part of our strategic growth and commitment to quality, we are seeking a driven, visionary, and results-oriented Underwriting Manager to join our leadership team.
This role is pivotal in delivering underwriting compliance and service excellence, while leading innovation in product development and risk management. If you thrive in a fast-paced environment, enjoy building high-performance teams, and are passionate about delivering operational excellence, then this opportunity is for you.
JOB TITLE: UNDERWRITING MANAGER
Reports to: Managing Director
Department: Underwriting
Duty Station: Head Office, Nairobi
JOB PURPOSE
To ensure consistent quality control across the KOIL underwriting function by enforcing compliance, supporting field operations, and leading a high-performing underwriting team that aligns with the company’s strategic goals.
KEY RESPONSIBILITIES
1. Revenue Growth & Product Innovation
- Drive the achievement of revenue targets through the retention of existing accounts and the acquisition of new business.
- Lead the expansion of Bonds, Engineering, and Marine classes of insurance.
- Identify and close insurance coverage gaps through active cross-selling of KOIL products.
- Facilitate intermediary training on product offerings.
- Spearhead new product development initiatives in alignment with market trends.
2. Cash Collection & Liquidity Management
- Oversee premium collection and enforce credit control policies to maintain positive cash flow.
- Manage premium refunds, policy cancellations, and contras with high accuracy and compliance.
- Ensure strict adherence to the credit policy and daily monitoring of debt levels across branches.
3. Loss Ratio Optimization
- Enforce underwriting standards and pricing approvals across all business lines.
- Proactively monitor and adjust loss ratios for both retail and corporate clients.
- Lead reinsurance arrangement strategies and oversee recovery processes to optimize claim settlements.
- Champion the growth of non-motor business lines for a balanced risk portfolio.
4. Cost Efficiency & Expense Control
- Monitor and manage underwriting expenses in line with the organization’s financial plan.
- Negotiate competitive pricing with service providers including surveyors, valuers, and device installers.
- Support the implementation of automation and digital solutions to enhance operational efficiency.
5. Asset and Document Control
- Ensure strict oversight over the issuance and usage of regulatory documents such as motor certificates and yellow cards.
- Implement systems to monitor document utilization and prevent fraud or loss.
- Maintain full compliance with industry regulations and internal guidelines.
6. Reporting & Internal Controls
- Review and analyze retention and profitability reports to guide decision-making.
- Submit timely and insightful management reports for strategic planning.
- Ensure all underwriting processes comply with internal audit controls.
- Review and update Standard Operating Procedures (SOPs) regularly and oversee the implementation of audit recommendations.
7. Team Leadership & Talent Development
- Provide strategic leadership and oversight to the underwriting team.
- Align departmental goals with the broader company strategy and ensure seamless day-to-day operations.
- Promote continuous performance improvement, staff training, and capacity building.
- Cultivate a culture of accountability, innovation, and customer-focused service delivery.
WHAT WE OFFER
- A collaborative and empowering work environment
- A leadership role with real impact on business performance and strategy
- Opportunities for professional development and career progression
- Competitive remuneration and employee benefits
HOW TO APPLY
If you believe you are the right fit for this role and are ready to advance your career with KOIL, we encourage you to take the next step.
Apply Now
Deadline for application: Monday, June 2, 2025
Only shortlisted candidates will be contacted
