Vacancy title:
Underwriter

Jobs at:
African Trade Insurance Agency ( ATI )

Deadline of this Job:
Friday, 8th December 2017

Duty Station:
Nairobi

Job details:

Post: Underwriter

Established by African States with technical and financial support from the World Bank and more recently, the African Development Bank, the African Trade Insurance Agency (ATI) is an African multilateral financial institution. The company aims to create a business environment that is attractive for investors and companies working in Africa. To this end, ATI provides insurance products that protect companies and investors against credit and investment risks. ATI's mandate is to help attract investments and facilitates trade both within and outside of Africa. ATI has grown exponentially over the last ten years and it is now one of the highest rated institutions in Africa with an S&P ‘A’ rating.

ATI currently operates in 13 African countries with a head office in Nairobi and local presence in Uganda, Tanzania and Zambia. With plans to expand aggressively into West Africa, and to strengthen its expertise in energy sector underwriting, ATI has two unique job opportunities for Underwriters in which one role will be linked to a new facility on renewable energy initiated by ATI and KfW and funded by the German Development Cooperation.

Main Job Tasks & Responsibilities
The Underwriters will be responsible for developing and implementing solutions for the protection of companies, banks and other business interests that have transactions exposed to credit or political risks. He/she will help to develop the existing range of products and promote them with potential clients and stakeholders. Starting from a sound understanding of the transactions that are proposed, he/she will develop solutions that meet both the clients‘ needs and ATI’s guidelines. He/she will negotiate the solutions with all parties involved, prepare the contractual documents and manage the client relationship.

Education and Experience:

• An advanced University degree in insurance, Banking, Law, Economics, Business Administration, or related area plus 5 years post-qualifying experience, or first degree plus 8 years post-qualifying experience
•  Professional qualifications in insurance or banking would be an added advantage
• Technical understanding and expertise in the respective products
• Working knowledge, understanding and hands on experience with banking, political, trade and credit risk insurance, and related products (whole turnover trade credit, surety bonds, -insurance of commercial loans, single obligor insurance, and trade finance), invoice discounting and factoring, credit management etc
•  international experience in ATI member states and/or countries of similar profile to ATI member states (please visit the website for updated member states)

Key Competencies:

• Team player with excellent interpersonal and communications skills .
• Negotiation and strong presentation skills
• Report writing
• Fluency in written and spoken English, working knowledge of French is an added advantage

He or She will either be based in Nairobi at ATI’s head office or one of the field offices.

Besides the tax exempt basic salary to be paid in USD, the position comes with diplomatic immunities and privileges as well as other benefits provided by leading multilateral organizations.

Job application procedure
1. Please submit a cover letter, curriculum vitae, ATI's Personal History Form, details of your current remuneration package to: recruitment@ati-aca.org 
2. The Personal History FOFH1 can be obtained on ATI's website: www.ati-aca.org 
3. The closing date for applications is Friday, 8th December 2017 at mid-night Nairobi time
4. Only candidates meeting the minimum requirements included in the detailed job description and submitting applications in compliance with points 1- 3 above will be considered. Only shortlisted candidates will be contacted.
ATI reserves the right to not make an appointment to the above vacancy, to make an appointment at a slightly higher or lower grade, or to make an appointment with a modified job description.