Insurance Underwriter at Mutual Benefits Assurance Plc (MUTUAL)

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 Title: Insurance Underwriter

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.