• Application Deadline: Tue, 25 Jun 2024 00:00:00 GMT
• Position: Technical Underwriter


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 3 years


• Location Lagos


• Job Field Insurance 
  

Position Overview: 

• We are seeking a meticulous and analytical Technical Underwriter to join our underwriting team.


• The ideal candidate will possess strong analytical skills and a deep understanding of insurance underwriting principles.


• The Technical Underwriter will be responsible for evaluating risk, determining pricing, and ensuring the profitability of our microinsurance products.

Key Responsibilities:

Risk Assessment:

• Evaluate new and renewal insurance applications to determine risk exposure.


• Analyze individual and group risk profiles using various data sources and assessment tools.


• Make informed decisions on policy approvals, declines, and modifications.

Pricing and Policy Development:

• Develop and maintain pricing models for various microinsurance products.


• Collaborate with the product development team to create innovative and competitive insurance solutions.


• Ensure that pricing strategies align with company objectives and regulatory requirements.

Data Analysis and Reporting:

• Conduct regular analysis of underwriting performance and provide insights to management.


• Prepare detailed reports on underwriting activities, trends, and portfolio performance.


• Utilize statistical and actuarial techniques to refine risk assessment processes.

Policy Compliance:

• Ensure that underwriting policies and practices comply with regulatory standards and company guidelines.


• Keep up-to-date with industry regulations and market conditions affecting underwriting practices.

Collaboration and Support:

• Work closely with sales, marketing, and claims departments to support business goals.


• Provide technical guidance and support to junior underwriters and other team members.


• Participate in training programs and knowledge-sharing initiatives to enhance underwriting capabilities.

Customer and Stakeholder Engagement:

• Communicate effectively with agents, brokers, and clients to explain underwriting decisions.


• Build and maintain strong relationships with external partners and stakeholders.

Continuous Improvement:

• Identify opportunities for process improvements and implement best practices in underwriting.


• Stay informed about new technologies and methodologies to enhance underwriting efficiency.

Qualifications:

• Bachelor’s degree in Insurance, Risk Management, Business Administration, or a related field. Advanced degrees or professional certifications (e.g., ACIIN) are a plus.


• Minimum of 3years of underwriting experience, preferably in the microinsurance or general insurance industry.


• Strong analytical and problem-solving skills with a keen attention to detail.


• Proficiency in underwriting software and Microsoft Office Suite (Excel, Word, PowerPoint).


• Excellent communication and interpersonal skills.


• Ability to work independently and as part of a team in a fast-paced environment.


• Knowledge of local and international insurance regulations.


• Passion for social impact and experience working with underserved communities is a plus.