Chief Underwriting Officer at GGH Limited

GGH is building extraordinary insurers in fast growing markets. We leverage deep expertise and an innovative approach to build insurers that are truly unique, industry-defining and life changing for our people and customers.

We are recruiting to fill the position below:

Job Title: Chief Underwriting Officer (CUO)

Location: Lagos, Nigeria
Job type: Full-time

• The CUO will serve as a member of Executive Managament with direct responsibility for all underwriting operations of the company (Underwriting - Life and Non-Life, Claims, Reinsurance, Actuarial).
• Improve the underwriting performance of the organisation to achieve a loss ratio of 45% across all businesses.
• Design, execute, and monitor the underwriting goals of the organisation as defined in its strategic document.
• Lead a strong and youthful team of underwriters.

Duties and Responsibilities

• Establish and promote underwriting best practices, with focus on underwriting profitability
• Responsible for the Life & Non-Life underwriting  units of the company
• Responsible for the retail processing and actuarial units of the company
• Responsible for planning and directing all underwriting procedures.
• Directs the various underwriting function of the organization including Individual Life, Group Life, Non-Life and Health
• Develops long-term underwriting strategies and directions for the company, and sets specific goals and policies for underwriting operations.
• Determines product mix and target markets for the company. Drives marketing and distribution strategies for the company
• Products development, pricing and profitability analysis
• Responsible for the actuarial valuation of both the Life and Non-Life books of the business
• Coaching, Mentoring and Facilitation of Training Programmes
• Other roles as may be assigned by the organisation

Qualification and Experience

• ACIIN
• Not less than 12 years post qualification experience in Underwriting
• Track record of consistently building dynamic teams, identifying high-yielding products in highly competitive, start-up /established companies during the career span.
• Hands on experience in managing business operations.
• Demonstrable experience in creating business development procedures, service standards, operational policies and guidelines.

Competency Requirements

• Deep knowledge of insurance underwriting (Life & Non-Life).
• Good actuarial knowledge.
• Knowledge of Financial accounting of both Life and Non-Life business.
• Knowledge of Insurance operations and financial accounting
• Leadership qualities
• Patient and Calm
• Team Builder and Player
• Ability to develop other leaders and managers