Underwriting Officer Job at Fosad Consulting Ltd

Job Title: Underwriting Officer
Company: Fosad Consulting Ltd
Job Type: Full Time
Qualification: BA/BSc/HND
Experience: 3 years
Location: Lagos, Nigeria
Job Field: Insurance
Fosad Consulting Ltd is a business support services firm with offerings in Human Resource Management, Immigrations and Real Estate Consulting. We leverage our expertise and strategic alliances to support businesses. Our client, a non-banking financial institution is looking to recruit an Underwriting Officer who will among other things be responsible for studying insurance proposals and ensuring all risk documents are accurate.
Job Description: – 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.
Education: – Bachelor’s Degree in any social science field – Professional Certification in Insurance.
Experience: – A minimum of 3 years’ work experience in Underwriting Skills
• Excellent Communication skills
• Advanced Financial Analysis
• Advanced Analytical Skills
• Advanced IT skills
• Expert Business Writing
• Advanced Negotiation Skills
• Expert Presentation skills
• Expert Relationship Management
• Communication in spoken and written english.
Additional Information: – The role is open to candidates residing in Abuja or are willing to relocate.

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