• Application Deadline: Fri, 1 Sep 2023 00:00:00 GMT
• Position: Insurance Underwritng


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 4 - 7 years


• Location Lagos


• City Victoria Island


• Job Field Insurance 
  

Job Profile

We are seeking a meticulous Insurance Underwriter to assess the risk factors of potential clients and establish coverage terms.

• The ideal candidate will be responsible for implementing guidelines that ensure a balanced ratio of favorable risks, minimizing claim costs, and enabling the company to provide insurance at a competitive price.


• This role requires a comprehensive understanding of risk analysis, the ability to analyze data, and make informed decisions.


• By effectively managing risk, the Insurance Underwriter plays a crucial role in maintaining the financial stability and profitability of the company.

Responsibilities

• Review insurance applications for compliance and adherence


• Assess clients’ background information and financial status


• Liaise with specialists to gather information and opinions


• Weight loss exposures and determine underwriting alternatives


• Draw up a quotes for competitive insurance premiums


• Negotiate and define the specific terms of insurance policies with brokers or policyholders


• Keep detailed records of policies underwritten and decisions made


• Balance between mass and homogeneity of risks to achieve predictability of future results


• Develop and maintain a profitable book of business for the insurer


• Follow applicable insurance laws

Requirements and skills

• Proven insurance underwriting experience


• 4-7 years’ experience


• Hands-on experience with “smart systems”, analytical tools and statistical packages (spreadsheets,SPSS, databases etc)


• Sensible judgement and attention to detail


• Confident decision-making skills


• Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures


• Proven numeracy and statistical skills


• Insurance diploma or certification