Title:  Underwriter (Sovereign Risks), Kazakhastan

OVERVIEW

JOB PURPOSE

The role holder is responsible for providing all the necessary support and assistance to the Associate Manager, Operations (Sovereign Risks) in all underwriting operations pertaining to short-term, medium term and FII risks. He or she will analyze and screen applications/proposals, performing all requisite risk analysis (including financial analysis and project due diligence), managing credit limit applications, documentation of all approved policies and timely preparation of all requisite reports. This role is also responsible for presenting all information and data collated about the project/transaction and potential customers to the Technical Underwriting Committee, NPLs, and Claims Committees to assist in making informed decisions. The role holder will provide inputs to the policy administration database to ensure effective management of policies and safeguarding the Corporation’s financial health. The role holder will also be responsible for the entire underwriting process, from application registration to policy issuance and policy administration and renewals throughout the policy period. 

KEY ACCOUNTABILITIES

Feasibility Assessment 

• Assesses submitted application/proposal forms and coordinates with applicants and Business Development Department (BDD) colleagues.
• Coordinates with other relevant departments/divisions/functions in the Corporation.
• Conducts meetings with investors, project companies and all related parties to conduct thorough due diligence and prepares assessment reports.

Underwriting 

• Provides all the necessary assistance to the Associate Manager, Operations (Sovereign Risks) in all underwriting operations.
• Conducts due diligence missions to the host country, meeting with the relevant government bodies (Ministry of Finance, Central Bank, other relevant ministries and government authorities.
• Conducts in-depth financial analysis of the projects/transactions and all involved sovereign, sub-sovereign or private parties.
• Utilizes different sources of information to identify any legal issues associated with the project/transaction’ structure.
• Presents insurance proposals to the Pre-Technical Underwriting Committee (Pre-TUC) for clearance and to the Technical Underwriting Committee (TUC) for approval.
• Provides inputs on recommended premiums, reinsurance support required and coverage for risks after complete analysis.
• Coordinates with the Legal Department for the issuance of the insurance policy in line with the TUC approval. 

KEY ACCOUNTABILITIES

• Manages the issued policies including their premium payment, the collection of any outstanding receivables, policy renewals, policy changes, and project/transaction monitoring. 
• Recommends appropriate measures for collection issues in close coordination with the concerned Business Development and Finance.
• Ensure that NPLs are well managed and coordinate closely with the Claims Division to ensure loss minimization.  

Documentation of Approved Deals 
 

• Manages all aspects related to policy applications.
• Manages all credit limit applications.
• Documents the approved policy.
• Communicates the approved policy to the Business Development team and Underwriting Support.

Reporting 
 

• Prepares all requisite reports (weekly, monthly, annual etc.).

Other Responsibilities 

• The role holder will also perform duties pertinent to the Department/Division/Function as assigned by the Supervisor 
   

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

SKILLS & NECESSARY KNOWLEDGE

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we will welcome your application. To complete the application, you will need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate

If you are currently an ICIEC Regular staff member applying for this role and get selected through the competitive selection process, your current contract type and other terms and conditions will remain unchanged.

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IsDBG) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the ICIEC does not request information on applicants’ bank accounts. The ICIEC declines all responsibility for the fraudulent publications of job posts or job offers in their name or, in general, for the fraudulent use of its name in any way whatsoever.