Insurance Underwriter Job at You Centred Consulting

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

Job Position: Insurance Underwriter
Job Location: Victoria Island, Lagos
Employment Type: Full Time / Permanent

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
• Balance between mass and homogeneity of risks to achieve predictability of future results
• Develop and maintain a profitable book of business for the insurer
• 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
• Follow applicable insurance laws

Requirements and Skills

• 4-7 years of experience
• Proven insurance underwriting experience
• Hands-on experience with “smart systems”, analytical tools and statistical packages (spreadsheets,SPSS, databases etc)
• Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures
• Proven numeracy and statistical skills
• Sensible judgement and attention to detail
• Confident decision-making skills
• Insurance diploma or certification.

Method of Application
Interested and qualified candidates should send their CV to: careers.youcentredconsulting@gmail.com using the Job Position as the subject of the mail.