GroupLife Underwriting Executive at AIICO Insurance Plc

AIICO Insurance Plc is an insurance, pensions management, and asset management Group in Nigeria, with market-leading positions in life assurance, annuity, general insurance, special risks, pension management, health insurance, and asset management. Established in 1963, AIICO Insurance Plc has a strong retail distribution network and is listed on the Nigerian Stock Exchange.

We are recruiting to fill the position below:

Job Title: GroupLife Underwriting Executive

Location: Lagos
Employment Type: Full-time

Job Description

• The Group Life underwriting role is a crucial role in assessing and evaluating risks associated with group life insurance policies.
• In this dynamic position, you will collaborate with various teams, including sales, customer service, and actuaries, to underwrite and manage group life insurance applications.
• Your analytical skills and attention to detail will contribute to our commitment to providing reliable and comprehensive insurance solutions to our clients.

Functions and Responsibilities

• Preparation and sending out of Group Life quotations and Tender/ Bid to prospective Brokers and clients.
• Ensure compliance with the KYC/CFT requirements of the company in respect of both new and renewal businesses.
• Responsible for all medical underwriting issues
• Drafting of policy wordings, clauses, terms and conditions for conventional and special schemes
• Turn Quest Operations
• Registration of New Business on Turnquest
• Maintaining Life/Group Life Database Portfolio
• Settling of Broker’s or Agent Commission
• Client’s Services
• Maintaining of Client’s Record
• Preparation of Renewal Notice
• Preparation of group life insurance certificate
• Daily Input Of Transactions On Database (Turnquest)
• Servicing of branches (Group Life Business)
• Brokers Management
• Preparation of weekly production report
• Responsible for preparation of report and returns to the regulatory authority (NAICOM)

Education and Experience

• B.Sc / HND in any Science or Social Science course or any related field.
• Appreciable progress in CIIN Professional Exam is an added advantage.
• Minimum of 3 years of work experience as an underwriter.

Core Competencies:

• Must have eyes for details, and must be able to work with little or no supervision
• Must possess relationship management, analytical & problem-solving skills. Prompt processing of client requested as per agreed timelines
• Good knowledge of the job
• Negotiation and interpersonal skills
• Proficient in the use of Microsoft Office Tools – Ms excel & Ms Powerpoint
• Excellent verbal and written communication skills

Application Closing Date
Not Specified.