Regional Retail Underwriter at Mutual Benefit Assurance Plc

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, with over 3,000 staff and marketing executives in its employment.

We are recruiting to fill the position below:

Job Title: Regional Retail Underwriter

Location: Abuja (FCT)

Job Summary

• The Regional Retail Underwriter is to underwrite retail transactions in the Northern Region to facilitate prompt delivery of insurance services to our valued clients and provide underwriting support to our Retail Marketers in the Northern Region in achieving their official objectives.

Responsibilities

• Preparation of quotes for various retail transactions emanating from the Northern Region
• Imputing of retail policies on TQ
• Issuance of Motor Certificates on TQ
• Documentation of Policy Documents/Endorsements
• Scanning and uploading of mails/placement instructions and all relevant documents on TQ
• Confirmation of premium with Finance & Account Dept.
• Sending of emails to Finance & Accounts Dept. to generate receipts for processed transactions.
• Engagement of assigned team member
• Monitoring of loss ratio for decision-making on review of the company’s position on individual policy
• Any other job assigned by superior officer(s) Key Skills and Competencies
• Insurance Knowledge: Understanding of retail insurance products, policies, and procedures related to underwriting, particularly in the Northern Region.
• Technical Proficiency: Competence in utilizing underwriting software like Turn Quest for policy inputting, document management, and transaction processing.
• Attention to Detail: Ability to accurately input policy details, prepare quotes, issue certificates, and document policy documents with precision to ensure compliance and minimize errors.
• Analytical Skills: Capacity to monitor loss ratios, analyze data, and make informed decisions regarding the review of the company's position on individual policies, contributing to risk management and strategic planning.
• Regulatory Compliance: Awareness of relevant laws, regulations, and industry standards governing insurance underwriting practices, ensuring adherence to compliance requirements in all activities.

Requirements

• B.Sc / HND in a relevant field of study from a reputable University/Polytechnic.
• Professional Qualification with the Chartered Insurance Institute of Nigeria, (ACII).
• Experience: Minimum of seven (7) years as an insurance underwriter.

Application Closing Date
21st March, 2024.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] with the job title as the subject of the mail.