Underwriting Officers at Fosad Consulting Limited

Fosad Consulting Limited - Our client, a non-banking financial institution is looking to recruit an Underwriting Officer who will among other things be responsible for studying insurance proposals and ensuring all risk documents are accurate.

We are recruiting to fill the position of:

Job Title: Underwriting Officer

Location: Lagos, Nigeria

Job Description

• Gathering and assessing background information in order to effectively assess the risk involved;
• Calculating possible risk and deciding how much individuals or organisations should pay for insurance (the premium);
• Deciding whether the risk should be shared with a reinsurer;
• Computing results for appropriate premiums using actuarial information, other statistics and own judgement;
• Visiting brokers or potential customers and preparing quotes;
• Liaising with specialists, such as surveyors or doctors, for risk assessment;
• Gathering information and various types of reports (e.g. medical records) from specialists;
• Negotiating terms with policyholders or their brokers;
• Ensuring that premiums are competitive;
• Specifying conditions to be imposed on different types of policies, for example, asking that a property owner install a security alarm;
• Negotiating with brokers and drawing up contracts;
• Writing policies;
• Keeping detailed and accurate records of policies underwritten and decisions made.

Qualifications
Education:

• Bachelor's Degree in any Social Science field
• Professional Certification in Insurance

Experience:

• A minimum of 3 years’ work experience in Underwriting

Skills:

• Excellent Communication skills
• Advanced Financial Analysis
• Advanced Analytical Skills
• Advanced IT skills
• Expert Business Writing
• Advanced Negotiation Skills
• Expert Presentation skills
• Expert Relationship Management
• Communication in spoken and written English

Additional Information:

• The role is open to candidates residing in Abuja or are willing to relocate.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online