Underwriter at Custodian Insurance

Job purpose

Ensure quality underwriting and claims management for all classes of general insurance — Marine, Goods in Transit, Group Personal Accident, Fidelity Guarantee, Fire & Special Risks, Burglary, Money Insurance, Industrial All Risks, Motor, etc

Duties & Responsibilities

• Issue policy documents and renewal endorsements to clients / brokers
• Issue and forward renewal notices to clients/brokers
• Liaise with Loss adjusters and Marine superintendents for timely discharge of their duties
• Update claims schedule regularly
• Ensure sum insured, clauses, exclusions and other items/conditions in policy documents are in order
• Prepare and follow up premium payments upon receipt of debit notes.
• Carry out pre and post loss inspection as necessary
• Ensure all client enquiries/requests are attended to promptly and escalate critical issues to the line manager.
• Raise and follow up cheque requisitions for various payments – co insurers, commissions, claims, loss adjusters etc
• Assist in computing additional/return premiums due as a result of alterations
• Market company`s products and services

Knowledge/ Qualification

• First degree (Minimum of Second Class Lower degree)
• Qualified insurer (ACII)
• 3 – 5 years’ experience in underwriting and claims management

Skills/Competencies

• Excellent knowledge NAICOM guidelines and methodologies for achieving compliance
• Demonstrable understanding of underwriting and claims concepts, practices, and procedures
• Strong analytical and quantitative skills
• Excellent negotiation and interpersonal skills