Head, Underwriter and Reinsurance at Pivotage Consulting

Pivotage Consulting - Our client, one of the world's leading insurers and asset managers with a broad range of personal and corporate insurance services, ranging from property, life, and health insurance, assistance services to credit insurance and global business insurance is recruiting to fill the position below:

Job Title: Head, Underwriter and Reinsurance

Location: Lagos Island, Lagos
Employment Type: Full-time

Summary / Objective

• The Head of Underwriting manages the Underwriting department's activities. The ideal candidate will be responsible for delivery of technical assessments for proposed deals to different Business Units regarding internal and external clients as well as develop and implement efficient and compliant workflow processes.

Job Description

• Define underwriting strategy and recommend business plans that will generate continued profitable business growth in current and future markets.
• Oversee and manage all underwriting
• Translate the strategic goals into objectives, and plan for financial and human resources to achieve them.
• Ensure effective leadership & management of underwriting people: pursuing active talent management, driving capability development and creating a high-performance culture.
• Set framework for underwriting decisions e.g. Authority grants, referrals, and technical reviews.
• Provide assurance that the business adheres to underwriting governance/compliance principles and regulatory standards.
• Oversee design & implementation of rating tools & methodology.
• Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff.
• Review and analyze new insurance applications for risk exposure and compliance with underwriting guidelines.
• Meet and negotiate with clients and brokers to build relationships and to develop new and renewal business.
• Review contract wordings and act as signatory of insurance contracts and ensure alignment to UW guidelines.
• As the accountable party, work with legal and compliance on policy wordings, marketing collaterals and other regulatory and compliance issues as and when required.
• Establish appropriate internal underwriting procedures and criteria to control risk. - Delegate Authority and provide underwriting direction to all Underwriters.

Job Requirements

• Bachelor’s Degree in Business Administration or any related course.
• Minimum of 7 year experience in similar role
• CIIN certification.
• Must be able to develop long-term strategic underwriting goals, cycle management strategy & underwriting policy, and provide underwriting "leadership to the market.
• Must be able to drive proposition management and development within the Underwriting function.
• Must be able to manage the reinsurance market cycle
• Must be able to overcome LoB/unit thinking and build holistic/total balance sheet mindset to drive improved reinsurance decision-making
• Develop an understanding of new concepts (capital markets)
• Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff
• Establish appropriate internal underwriting procedures and criteria to control risk.

Application Closing Date
23rd November, 2023.

Method of Application
Interested and qualified candidates should:
Click here to apply online