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Madison Money Market Fund Daily Yield: 11.78% Effective Annual Yield: 12.50%Madison Fixed Income Fund Daily Yield: 13.25% Effective Annual Yield: 14.17%Madison Wealth Special Fund Weekly Average Daily Yield: 12.71% Weekly Average Effective Annual Yield: 13.56%

Madison General Insurance Kenya Limited, a subsidiary of Madison Group and a leading provider of general insurance products throughout Kenya, is recruiting for the above position.

Key Responsibilities

  • Collect appropriate and accurate information required to assess potential clients and decide on the acceptable risk for a policy issuance.
  • Review policy applications and renewals based on the previous loss experience.
  • Evaluate policies with regards to the company’s underwriting standards.
  • Make a decision to accept, modify or reject an insurance application after scrutiny of all the required documents and studies regarding the risk involved.
  • Handle queries from credit control departments, intermediaries and clients
  • Processing new businesses, renewals, endorsements as well as issuance of motor certificates, cover notes and yellow cards.
  • Underwriting and processing work allocated from immediate supervisor and ensuring all debits are put through in the correct month to facilitate premium collection.
  • Assisting clients in identifying our products that suits their needs in line with insurance principles.
  • Prepare and issue cancellation notices in case of non-payment of premium.
  • Preparation and issuance of renewal notices sixty dates before renewal date.
  • Follow up renewals to ensure retention targets met
  • Assist in claims handling requests.
  • Preparation and issuing quotations.
  • Liaising with intermediaries’ brokers and agents to solve any problems they may have and ensure efficient service delivery.
  • Any other duties that may be allocated from time to time

Knowledge, Skills and Competencies Required

  • Deep knowledge of underwriting regulations.
  • Analytical thinker with research proficiencies.
  • Ability to use reasonable and sound judgment.
  • Strong problem-solving and decision-making skills.
  • Solid organizational skills and detail-oriented.
  • Ability to work under pressure and meet strict deadlines.
  • Strong interpersonal and negotiation skills.
  • Computer literate in MS Office and other office applications
  • Ability to build positive relationships and partnerships with clients, brokers and key role-players

Academic/Professional Qualifications and Experience required

  • Degree in Actuarial Science or Business-Related field.
  • Good progress in professional qualification in insurance (IIK)
  • 2 years’ experience in General Insurance Underwriting

Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email: hr_recruitment@madison.co.ke so as to be received by Tuesday 18 th February, 2025.

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