Technical Underwriter at Fosad Consulting

Job Responsibilities

• The role handles assessing insurance applications or proposals to determine suitability and terms for accepting into the company risk portfolio. The underwriter also ensures that risk accepted are properly managed.
• Appraise risk proposed for Cover and determine level of exposure
• Based on the exposure, determine premium rates and policy terms
• Advise the client (insured or intermediary) via quotation slips stating premiums and terms of acceptance.
• Discuss and negotiate terms with the broker
• Where Slips have been signed before presenting to the team, review terms and conditions with the team lead before proceeding to confirm cover
• Refer risks for Survey/Inspection/Superintending where necessary in consultation with the team lead
• Review Survey reports and recommendations and insert warranties on the policy based on the report where necessary
• Review Loss ratio prior to renewal and advise client of any proposed changes to the policy terms and conditions. This must be done in consultation with the team lead.
• Conducting on-the-spot/post-loss inspection on reported losses referred by the claims unit to Confirm the extent of damage and proximate cause.
• Determine if the proximate cause is an insured peril
• Responsible for receiving all claims related notification by confirming the circumstance of loss and effectiveness of cover as at the time of loss.
• Issue policy certificates, documents and endorsements with appropriate policy terms and conditions
• Input transactions into the Underwriting Software
• Generate debit notes and credit note and communicate the documents issued to the client
• Upload of Documents on Data Management Software

Requirements

• Should possess a B.Sc, HND in Insurance, Risk Management or related field from a reputable educational institution.
• Minimum of one-year relevant experience in Insurance industry
• MUST not be more than 27 years old.

Salary
N90,000 / Month.