TERMS OF REFERENCES FOR THE RECRUITMENT OF UNDERWRITING OFFICER
Kigali, Wednesday, February 2, 2022
JOB VACANCY
1.BACKGROUND
Prime Life Insurance Limited is an insurance company, established in 1995 by Rwandan investors, a licensed life insurance company authorized by the National Bank of Rwanda (BNR). The Company is seeking to recruit a highly skilled, self-motivated, and experienced person to fill the following post:
2.Underwriting Officer
Under the supervision of Underwriting Manager, the underwriting Officer shall be responsible for evaluating applicants for insurance and determining whether or not a prospective customer should be insured and, if so, recommend an appropriate premium and terms
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Job Title |
: Underwriting Officer |
|
Supervisor |
: Underwriting Manager |
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Reporting to |
: Underwriting Manager |
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Duration |
: Open Ended Contract |
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Salary |
: Competitive package based on qualification and experience |
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Closing Date |
: 07th February 2022 |
3. RESPONSIBILITIES:
- Analyze applicants data & Examining Insurance proposals
- Collecting background information and assessment of risk
- Operate underwriting software
- Screen applicants on the basis of set criteria
- Contact field representative, medical personnel, and others to obtain further information
- Writing quotes and negotiating the terms with brokers and clients
- Liaising with specialists to gather information and opinion
- Assessing clients’ background information and financial status.
- Drawing quotes for competitive insurance premiums
- Negotiate and define the specific terms of specific insurance policies with brokers or policyholders
- Decide whether or not to offer insurance
- Deciding the wording of policies and preparing insurance policy terms and conditions
- Keep detailed records of policies underwritten and decision made
- To comply with applicable insurance law
- Any other activities that should be assigned by supervisors and other authorities
4. JOB SPECIFICATION
Qualification
- Bachelor degree with Distinction in Insurance, Actuarial, Mathematics, Statistics.
- Mastering IT tools
- Being Rwandan by nationality
- Age maximum 35
5. APPLICATION PROCEDURE:
Only Qualified Candidates should submit their application letter, Curriculum Vitae (CV), Copy of academic documents, and copy of National Identification to Prime Life Insurance Ltd mail: hrmlife@prime.rw
The deadline for submitting applications is: 07th February 2022
Applications should be addressed to the Chief Executive Officer of PRIME LIFE INSURANCE Ltd.
Only selected candidates will be contacted.
Signed by:
Innocent HABARUREMA
Chief Executive Officer
