Pricing Administrator at Old Mutual Kenya

Job Description

The Job entails scheme pricing and issuance of quotations to Business development team (BD), broker, Bancassurance and other intermediaries. Timely review of scheme data/ performance and in line with the pricing models provide competitive rates to ensure strong bid and retentions. In addition, role require close collaboration with corporate underwriting team, onboarding process, Renewal /retention and building relationship with stakeholders i.e Intermediaries & Reassurers.

 KEY TASKS AND RESPONSIBILITIES

• Ensure provision of timely and accurate quotations to the BD team/brokers/clients.
• Develop Pricing models and continuously enhance the models &tools used for forecasting and risk assessment to cope with the changing market trends & company needs.
• Gather intelligence from the market on pricing.
• Be conversant with the regulatory requirements and industry guidelines including Treaties, AML, Data protection etc
• Preparation of costing schedules for group risk schemes based on data provided by the brokers or clients.
• Assist in preparation of monthly reports required by internal clients, finance, and actuarial team.
• Ensuring adequate scheme reassurance placement is done for all new business and renewal as per the treaty.
• Providing quality customer service to the company’s corporate clients.
• Liaise with brokers and direct clients and respond promptly to verbal, written and telephone enquiries on policy benefits and operation.
• Ensure proper records are kept on onboarding of schemes (final quotes done and confirmation of benefit structures).
• Any added duties by the line supervisor

SKILLS AND COMPETENCIES

• Good Excel skills
• Computer literate
• Good assessment and analytical skills
• Knowledge of insurance market
• Report writing and presentation skills
• A good product knowledge

KNOWLEDGE & EXPERIENCE & QUALIFICATIONS

• Product and process knowledge
• Possess strong verbal and written communication skills
• Ability to work as part of a team
• Proven analytical skill
• Possess excellent arithmetic skills.
• Self-starter who shows initiative and can work under minimal supervision
• Undergraduate Degree in Commerce (Insurance Option), Actuarial Science or Business related.
• Professional qualifications in Insurance such as CII, COP, LOMA added advantage.
• At least 3- 5 years’ experience in a similar role.