Underwriting Officer
Job summary
The Company is seeking to employ Underwriting Officers. The successful candidate will support the Branch Manager in the daily underwriting activities of the Company at the Branch.
Job descriptions & requirements
- Ensure underwriting practices comply with established guidelines and procedures.
- Ensure to vet all proposal forms submitted for insurance to ensure all required information is complete.
- Assess the proposer’s risk before accepting the policy, ensuring appropriate premiums are set.
- Enter all submitted proposal forms into the premium bordereaux and maintain accurate records of all policies underwritten.
- Prepare and issue policy documents in compliance with underwriting guidelines.
- Decide which reinsurer to cede risks to, based on the policy’s specifications and risk profile.
- Maintain accurate records of policies underwritten and decisions made, ensuring proper filing and organization.
- Utilize underwriting software to process proposal forms and generate premium quotes.
- Prepare and submit weekly, monthly, quarterly and yearly reports on all underwriting activities
- Bachelor’s degree in insurance, Actuarial Science or Economics
- Diploma in Insurance will be an advantage
- Additional certification in Office Administration will be an advantage
- Minimum of 4years working experience
- Proven experience in the insurance industry.
- Strong problem-solving skills with a proactive approach to resolving complex customer issues
- Strong analytical and risk assessment skills
- Excellent communication, organizational, and time management abilities.
- Attention to detail in the underwriting process/procedures, and good documentation or records keeping.
- Strong interpersonal skills to effectively communicate with Customers, internal staff, and management.
- Ability to multitask and manage multiple operational activities simultaneously.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and familiarity with management software.
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