Underwriting Executive at Guinea Insurance plc

Job Overview:

• You 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.

Job Responsibilities;

• Review insurance applications for compliance and adherence
• Assess clients’ background information and financial status
• Liaise with specialists to gather information and opinions
• Weigh loss exposures and determine underwriting alternatives
• Draw up 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
• Balance between mass and homogeneity of risks to achieve predictability of future results
• Develop and maintain a profitable book of business for the insurer
• Follow applicable insurance laws

Requirements;

• First degree in Insurance, Bus. Admin, Finance or related field
• Professional certification in Chartered Institute of Insurance of Nigeria (CIIN) is an added advantage 
• Minimum of 4 years progressive work experience as an Insurance Underwriter.
• Strong knowledge and skills in risk assessment and policy analysis.
• Sensible judgement and attention to detail
• Confident decision-making skills
• Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures
• Proven numeracy and statistical skills