Job Key Roles and Responsibilities
• General supervision of underwriting staff
• Preparation of regular management reports on production and other relevant reports.
• Ensure that all documentation in the underwriting department i.e policy documents, endorsements, renewal notices etc are correctly issued and dispatched to the intermediaries/insured/policyholders as applicable.
• To oversee the overall administration of timely issuance of policy documents, renewal confirmations and endorsements.
• Facilitate continuous underwriting staff training to create capacity
• Develop an underwriting manual and update it as and when need be.
• Reviewing sales audit reports from Senior Vetting officer and taking remedial actions where necessary.
• Recommending to management effective underwriting systems and procedures for proposals and policies, drafting policies and endorsements and renewals.
• Work closely with risk manager to establish procedures for surveys, initiating risk management programmes and compliance with recommendations on risk improvement.
• Ensure that new risks accepted and/or renewed with the company are vetted to meet the basic quality standards.
• Prepare statutory returns and send to IRA
• Risk profiling on suspect risks to establish underwriting gaps
• Developing among staff loyalty to the company personal integrity and adequate professional standards and a sense of satisfaction in the performance of their work.
Qualifications, Skills & Attributes for the Underwriting Manager Job
• Bachelor’s degree in any discipline preferably in finance, accounting, actuarial science, insurance
• Professional qualifications – Completed ACII or AIIK
•At least 7 years as an underwriter in a busy insurance company having worked 3years as an Assistant Manager
• Attentive to details with Good analytical skills
• Excellent communication, problem-solving and customer care skills
• Certifications and registration with professional bodies added advantage.
• Seminars attended on Technical Risks assessment
