Underwriting Executive Job at Guinea Insurance Plc

Guinea Insurance Plc was incorporated on December 3, 1958, as a non-life insurance underwriting firm to provide first-rate insurance solutions in the General and Special Risks business underwriting categories. Our mission is to provide professional services to our esteemed customers through the introduction of quality products driven by state-of-the-art technology backed by a group of high-profiled personnel, to maximize returns to shareholders.

We are recruiting to fill the position below:

Job Position: Underwriting Executive

Job Location: Jibowu, Lagos
Employment Type: Full-time

Job Overview

• You 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.

Job Responsibilities

• Review insurance applications for compliance and adherence
• Assess clients’ background information and financial status
• Liaise with specialists to gather information and opinions
• Negotiate and define the specific terms of insurance policies with brokers or policyholders.
• Keep detailed records of policies underwritten and decisions made
• Weigh loss exposures and determine underwriting alternatives
• Draw up quotes for competitive insurance premiums
• Balance between mass and homogeneity of risks to achieve predictability of future results
• Develop and maintain a profitable book of business for the insurer
• Follow applicable insurance laws.

Requirements

• First Degree in Insurance, Bus. Admin, Finance or related field
• Minimum of 4 years of progressive work experience as an Insurance Underwriter.
• Professional certification in Chartered Institute of Insurance of Nigeria (CIIN) is an added advantage 
• Strong knowledge and skills in risk assessment and policy analysis.
• Sensible judgement and attention to detail
• Confident decision-making skills
• Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures
• Proven numeracy and statistical skills.

Method of Application
Interested and qualified candidates should forward their CV to: recruitment@guineainsurance.com using the Job Position as the subject of the email.