Underwriting Officer

A reputable Insurance Broking firm seeks an Underwriter Officer to oversee the technical aspects of the underwriting process, ensuring compliance and optimizing operations.

JOB SUMMARY

The Underwriting Officer shall be the primary liaison between the Brokerage company, the Underwriting Companies, and the Client on matters pertaining to technical insurance advisory, risk assessment, quotation collation and review, insurance contract finalisation, risk assessment, and claims management activities for the Company on behalf of Clients. The Underwriting Officer will also be responsible for ensuring the timely renewal of all existing insurance policies.

KEY RESPONSIBILITIES

• To examine client’s insurance activities and other underwriting proposals, gathering and assessing background information and liaising with specialist colleagues, to effectively assess the risk.
• Liaise with underwriters to determine possible risk and appropriate insurance premiums using actuarial information, other statistics and own judgement and advise on the preferred cover for the client
• Liaise with underwriting companies to determine and collate premium quotations for new businesses and determine the best scope and coverage to be adopted as advised to the client.
• Work with underwriting entities to draft and issue policies and all other documents that evidence adequate and full insurance cover.
• Supervise proper filling of client documentation to facilitate the retrieval of same.
• Work on client proposals and supervise adequate underwriting of the identified risks.
• Conduct annual review of insurance accounts and provide advice to safeguard client’s interest. 
• Work with all Clients and Underwriting companies to ensure that the right procedures are being followed in filling the claim forms.
• Keep up-to-date information on all businesses competed and commissions receivable from insurance companies and clients.
• Complete and submit claims forms and follow up to resolve all client claim concerns within defined authorized date.
• Liaise with the sales and marketing team to facilitate the renewal of all existing insurance policies.
• To deliver training as and when necessary for staff and clients and assist with the development of junior underwriting officers.

KEY QUALIFICATION

• A degree in Economics, Insurance, Business Administration, or a related area
• A professional qualification in CII will be an added advantage.
• A minimum of four (4) years’ experience in insurance with at least two (2) years in General Insurance
• Good understanding of insurance and the terminology used across all lines of business.
• Should be very meticulous and tactful
• Ability to relate well with people and possess excellent interpersonal skills

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