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Life Insurance Underwriter (Assistant Manager) Job at Mutual Benefits Assurance Plc. (MUTUAL)

Mutual Benefits Assurance Plc. (MUTUAL), has evolved into a conglomerate consisting of value-adding companies with diverse interests in various sectors of the Nigerian economy through investments, strategic alliances and partnerships. Today, MUTUAL is a leading brand in the Nigerian Insurance industry and well-capitalized with a team of highly trained professionals, a respectable Board and access to the International Insurance Market.

MUTUAL is the flagship of insurance in Liberia and also runs a full-fledged insurance operation in Republic of Niger, where we commenced business in January, 2014.

We are recruiting to fill the position below:

Job Title: Life Insurance Underwriter (Assistant Manager)

Location: Head Office, Lagos

Job Purpose

  • Ensure quality underwriting and claims management for all classes of Life Insurance, prompt and error-free documentation of policies to achieve superior customer service delivery.

Qualifications

  • First Degree (Minimum of Second Class Lower Degree) in Insurance, Actuarial Science or any related field
  • Master’s Degree is an added advantage
  • Candidate must be an Associate of CIIN
  • Minimum of 6 years’ relevant experience in Life insurance underwriting and claims management.
  • High proficiency in the use of Microsoft Excel.

Skills / Competencies:

  • Excellent knowledge of NAICOM guidelines and methodologies for achieving compliance
  • Demonstrable understanding of the life underwriting concepts, principles, practices, and procedures
  • Proven Insurance Underwriting Skills
  • Confident decision making skills
  • Excellent knowledge of life insurance policies
  • Proven numeracy and statistical skills
  • Strong analytical and quantitative skills
  • Excellent negotiation and interpersonal skills
  • High Proficiency in the use of Microsoft Office applications most especially in Microsoft Excel tool.
  • Excellent verbal and written communication skills
  • Exceptional leadership skills.

Duties & Responsibilities

  • Works closely with brokers to ensure service goals are met
  • Day-to-day underwriting operations by establishing priorities, adjusting quotes when necessary, to have competitive edge over other industry players while ensuring adherence to laid down underwriting standards.
  • Conduct underwriting audits and other technical quality review programs
  • Analyze qualitative and quantitative data prepared and obtain approval for risk selection and acceptance, coverage, and price.
  • Actively manage team to deliver timely, high quality and profitable services to assigned marketer/Broker.
  • Develop and maintain effective business relationships with internal and external customers in order to attract, develop and retain profitable businesses.
  • Participate with senior management in department and business unit-wide initiatives around product development, processes, underwriting policy and strategy; recommend/implement changes to improve productivity, profitability and business growth.
  • Assessing, gathering background information & forming opinion on insurance proposals
  • Liaise with other departments to resolve issues and create business efficiencies
  • Establish and manage departmental business processes.
  • Interfacing with actuarial consultant on technical matters
  • Preparing NAICOM monthly, quarterly, half-yearly & annual report
  • Other duties as may be assigned by supervisor.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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