Technical Underwriter at Adeeva Capital Limited

Adeeva is a licensed loan, investment, and savings firm designed to help individuals and business owners.

We are recruiting dynamic employees for a newly licensed insurance brokerage firm located in Lekki Phase 1, Lagos in the position below:

Job Title: Technical Underwriter

Location: Lagos
Employment Type: Full-time
Department: Underwriting
Reports To: Head, Technical Underwriting
Direct Reports: None
Duration: Continuous

Job Purpose

• To analyse risk in insurance proposals, determine policy terms and calculate premiums on the basis of actuarial, statistical, and background information.

Job Duties

• Ensure that the standard insurance business placement processes through claims processing are followed religiously
• Study the Insured line of business to determine associated risk types and likely Policies
• Study and Review Insurance proposals and seek to improve terms
• Properly Assess and analyze prospective Insured background information
• Schedule meetings with Insurers to determine risk assessment in unique circumstances
• Layout and finalize insurance policies applying specific terms and conditions as agreed upon by the Insured
• Liaise with the Insurers to determine the premium due based upon informed judgment, competitors and market pricing
• Ensure that premiums are competitive and that accounts remain profitable
• Review insurance claims and terms 
• Review policies and help with policy wording ensuring that the Insured is properly protected
• Keep detailed and accurate records of policies underwritten and decisions made.
• Review of Tenders/EOI to ensure compliance with tender requirements 
• Prepare all regulatory returns (Monthly, quarterly, half-yearly, and yearly) as far as it concerns Technical department
• Review all policy documents/endorsement and post-placement report on Insured insurance programs

Person Specification & Additional Requirements

• Minimum of 5 years of work experience
• Excellent calculation and statistics skill
• Attention to detail and analytics skills
• Verbal and written communication skills
• Negotiation and interpersonal skills
• Must be very tech-savvy.
• Strong organizational skills
• Excellent communication and people management skills are compulsory
• Ability to use sound judgment.

Application Closing Date
6th May, 2022.