Underwriting officer (Abuja)
Fosad Consulting
Apply to this jobOur client, a leading insurance firm, is looking to recruit an entry level Underwriting Officer.
gathering and assessing background information in order to effectively assess the risk involved;
calculating possible risk and deciding how much individuals or organisations should pay for insurance (the premium);
deciding whether the risk should be shared with a reinsurer;
computing results for appropriate premiums using actuarial information, other statistics and own judgement;
visiting brokers or potential customers and preparing quotes;
liaising with specialists, such as surveyors or doctors, for risk assessment;
gathering information and various types of reports (e.g. medical records) from specialists;
negotiating terms with policyholders or their brokers;
ensuring that premiums are competitive;
specifying conditions to be imposed on different types of policies, for example, asking that a property owner install a security alarm;
negotiating with brokers and drawing up contracts;
writing policies;
keeping detailed and accurate records of policies underwritten and decisions made.
Requirements:
• First degree in a numerate or semi-numerate discipline
• Strong oral and written communication skills
• Ability to manage customers’ expectation effectively
• Ability to effectively plan, prioritise and organise caseload
• Proficiency in using MS Office suite
• Candidate must be fast at learning and able to deliver on turnaround time
Summary
Assess risks, calculate premiums, negotiate terms, and write insurance policies.
Job title
Underwriting officer
Experience level
entry level
Industry
insurance
Location requirements
Abuja residents or willing to relocate, remote work allowed
Salary
Not specified
Management role
No
Required skills
Preferred skills
Specializations
Structured locations inferred from the posting.
Abuja, Federal Capital Territory, Nigeria