Manager I-Underwriting
Full time @ICEA Lion Group posted 37 minutes ago in Business and Finance Shortlist Email JobJob Detail
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Career Level Manager
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Experience 4 Years
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Qualifications Degree Bachelor
Job Description
Job Summary
- The Manager I: Underwriting is responsible for efficient underwriting of insurance risks in accordance with the set guidelines to enhance business retention, growth, and profitability.
ROLES AND RESPONSIBILITIES
- Prudent vetting of risks for various classes of insurance.
- Calculating and advising clients, brokers, and agents on insurance premiums.
- Preparing premium/sum insured returns and summaries as required by IRA/AKI.
- Liaising with the Reinsurance Section regarding risks that require facultative reinsurance placement.
- Prompting debiting of all new and renewal business in accordance with the set TATs.
- Approving various tasks as per the set Authority limits.
- Processing accurate policy documents and endorsements in accordance with the set TATs.
- Ensuring that Renewal Notices are sent out to clients/intermediaries as per set standards.
- Advising business development of any risk aspects at renewal e.g. where the loss ratio is not good.
- Handling correspondence in accordance with the mail handling procedure.
- Responding to customer complaints as per the complaints handling procedure.
- Analysing, advising, and implementing risk improvement measures for the varying classes.
- Understanding and complying with any reinsurance requirements to minimize risk and deliver business plan objectives.
- Preparing monthly reports and any other duties as may be directed by the Management.
- Checking all documents prepared/processed and authorizing them.
- Supervising, assigning tasks/mail, and coordinating activities.
- Credit control management through the issuance of cancellation notices.
- Dealing with internal and external audit issues within the set timelines.
- Monitoring BAM reports on a monthly basis.
- Identify and suggest improvements to the footprint system and other processes for improvement.
- Appraising, training, and developing staff.
- Supporting the implementation of the various initiatives and projects in the department as per.
