Insurance Underwriter Job at You Centred Consulting

You Centred Consulting - Our client, an Insurance Firm, is recruiting suitably qualified candidates to fill the position below:

Job Position: Insurance Underwriter
Job Location: Victoria Island, Lagos
Employment Type: Full Time / Permanent

Job Profile


  • We are seeking a meticulous Insurance Underwriter to assess the risk factors of potential clients and establish coverage terms.
  • The ideal candidate 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.
  • This role requires a comprehensive understanding of risk analysis, the ability to analyze data, and make informed decisions.
  • By effectively managing risk, the Insurance Underwriter plays a crucial role in maintaining the financial stability and profitability of the company.

Responsibilities

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

Requirements and Skills

  • 4-7 years of experience
  • Proven insurance underwriting experience
  • Hands-on experience with “smart systems”, analytical tools and statistical packages (spreadsheets,SPSS, databases etc)
  • Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures
  • Proven numeracy and statistical skills
  • Sensible judgement and attention to detail
  • Confident decision-making skills
  • Insurance diploma or certification.

Method of Application
Interested and qualified candidates should send their CV to: careers.youcentredconsulting@gmail.com using the Job Position as the subject of the mail.