Life Insurance Underwriter (Assistant Manager) at Mutual Benefits Assurance Plc. (MUTUAL)

Mutual Benefits Assurance Plc. (MUTUAL), has evolved into a conglomerate consisting of value-adding companies with diverse interests in various sectors of the Nigerian economy through investments, strategic alliances and partnerships. Today, MUTUAL is a leading brand in the Nigerian Insurance industry and well-capitalized with a team of highly trained professionals, a respectable Board and access to the International Insurance Market.

MUTUAL is the flagship of insurance in Liberia and also runs a full-fledged insurance operation in Republic of Niger, where we commenced business in January, 2014.

We are recruiting to fill the position below:

Job Title: Life Insurance Underwriter (Assistant Manager)

Location: Head Office, Lagos

Job Purpose

• Ensure quality underwriting and claims management for all classes of Life Insurance, prompt and error-free documentation of policies to achieve superior customer service delivery.

Duties & Responsibilities

• Works closely with brokers to ensure service goals are met
• Day-to-day underwriting operations by establishing priorities, adjusting quotes when necessary, to have competitive edge over other industry players while ensuring adherence to laid down underwriting standards.
• Conduct underwriting audits and other technical quality review programs
• Analyze qualitative and quantitative data prepared and obtain approval for risk selection and acceptance, coverage, and price.
• Actively manage team to deliver timely, high quality and profitable services to assigned marketer/Broker.
• Develop and maintain effective business relationships with internal and external customers in order to attract, develop and retain profitable businesses.
• Participate with senior management in department and business unit-wide initiatives around product development, processes, underwriting policy and strategy; recommend/implement changes to improve productivity, profitability and business growth.
• Assessing, gathering background information & forming opinion on insurance proposals
• Liaise with other departments to resolve issues and create business efficiencies
• Establish and manage departmental business processes.
• Interfacing with actuarial consultant on technical matters
• Preparing NAICOM monthly, quarterly, half-yearly & annual report
• Other duties as may be assigned by supervisor.

Qualifications

• First Degree (Minimum of Second Class Lower Degree) in Insurance, Actuarial Science or any related field
• Master's Degree is an added advantage
• Candidate must be an Associate of CIIN
• Minimum of 6 years’ relevant experience in Life insurance underwriting and claims management.
• High proficiency in the use of Microsoft Excel.

Skills / Competencies:

• Excellent knowledge of NAICOM guidelines and methodologies for achieving compliance
• Demonstrable understanding of the life underwriting concepts, principles, practices, and procedures
• Proven Insurance Underwriting Skills
• Confident decision making skills
• Excellent knowledge of life insurance policies
• Proven numeracy and statistical skills
• Strong analytical and quantitative skills
• Excellent negotiation and interpersonal skills
• High Proficiency in the use of Microsoft Office applications most especially in Microsoft Excel tool.
• Excellent verbal and written communication skills
• Exceptional leadership skills.

Application Closing Date
Not Specified.