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.
Sorry, this listing is no longer open.
https://www.hotnigerianjobs.com/hotjobs/556912/insurance-underwriter-at-an-insurance-brokage-firm.html