GroupLife Underwriting Executive at AIICO Insurance

• 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 & 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)

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

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.