Insurance Underwriter Job at MUTUAL BENEFIT LIFE 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 and well-capitalized with a team of highly trained professionals, a respectable Board and access to the International Insurance Market.

We are recruiting to fill the vacant position below:

Job Position: Insurance Underwriter
Job Location: Abuja
Job Type: Full-time

Job Purpose

• Ensure quality underwriting and claims management for all classes of general insurance, prompt and error-free documentation of policies to achieve superior customer service delivery.

Duties & Responsibilities

• Analyse risk in Insurance proposals, determine policy terms and calculate premiums
• Issue policy documents and renewal endorsement to clients / brokers
• Undertake Risk Evaluation analysis; pricing and Underwriting
• Ensure Full compliance to Underwriting Guidelines/Standard Operating Procedures
• Prepare and deliver policy deliverables (i.e. policy documents, endorsements, Certificates, Warranties and Clauses as well as Debit and Credit Notes to Clients/Brokers
• Generation of Reports for Regular review and reconciliation ensuring completeness and accuracy
• Experience based risk pricing in order to achieve profitable underwriting results
• Regular monitoring of the risk exposures viz a viz the Company’s risk appetite and retention for each business portfolio
• Issue and forward renewal notices to clients/brokers
• Carry out pre-loss physical inspection of the subject matter of insurance proposed for insurance cover and conduct on the spot inspections of motor accidents
• Attend to clients enquiries/requests and escalate critical issues to the Unit/ Confederal Head
• Prepare policy documents for new businesses and pass to line manager for review and approval
• Draft letters to clients for review and approval by line manager
• Raise and follow up on cheque requisitions for various payments – co insurers, commissions, claims, loss adjusters etc
• Provide input into preparation of various reports weekly, monthly and adhoc reports
• Allocate policy numbers to new businesses
• Assist in computing additional/return premiums due as a result of alterations
• Collate bid documents to be reviewed by the Unit head / team lead
• Assist in collating, sorting and separating about-to-lapse files from those still in force to determine those needing notice
• Market company`s products and services
• Provide effective technical back up support to the marketers in order to deliver a pleasant customer experience and professional risk management advisory services
• Upload of vehicles into Nigerian Insurance Industry Database (NIID).

Qualifications

• First degree (Minimum of Second Class Upper degree) in related field
• Master''s degree is an added advantage
• Candidate must be a Associate of CIIN
• Minimum of 5 years’ relevant experience in general insurance underwriting and claims management.
• Degree in Insurance and its related discipline will be an added advantage.

Skills/Competencies:

• Excellent knowledge of NAICOM guidelines and methodologies for achieving compliance
• Demonstrable understanding of the underwriting concepts, principles, practices, and procedures
• Proven Insurance Underwriting Skills
• Confident decision making skills
• Excellent knowledge of insurance policies
• Proven numeracy and statistical skills
• Strong analytical and quantitative skills
• Excellent negotiation and interpersonal skills
• Proficiency in the use of Microsoft Office applications
• Excellent verbal and written communication skills
• Exceptional leadership skills.

Note: Candidate must be resident of Abuja, Nigeria.