Insurance Underwriter at an Insurance Brokage Firm - You Centred Consulting

You Centred Consulting - Our client, an Insurance Brokage Firm, is recruiting suitable candidates to fill the position below:

Job Title: Insurance Underwriter

Location: Ikoyi, Lagos
Employment Type: Full Time / Permanent
Industry: Finance

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

• 5-7 years’ experience
• Proven insurance underwriting experience
• Must be an Associate member of CIIN
• 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.

Application Closing Date
10th October, 2023.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] or [email protected] using the Job Title as the subject of the mail.