Mutual Benefits Assurance Plc. Insurance Underwriter Jobs in Nigeria

Mutual Benefits Assurance Plc. Insurance Underwriter Jobs in Nigeria


  • 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.

  • At MUTUAL, we pride ourselves in delivering excellent services to all our stakeholders.

    Job purpose

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

    Duties & Responsibilities

  • Analyze risk in Insurance proposals, determine policy terms and calculate premiums.

  • Issue policy documents and renewal endorsement to clients / brokers.

  • Undertake Risk Evaluation analysis; pricing and Underwriting.

  • Ensure Full compliance to Underwriting Guidelines/Standard Operating Procedures.

  • Prepare and deliver policy deliverables (i.e. policy documents, endorsements, Certificates, Warranties and Clauses as well as Debit and Credit Notes to Clients/Brokers.

  • Generation of Reports for Regular review and reconciliation ensuring completeness and accuracy.

  • Experience based risk pricing in order to achieve profitable underwriting results.

  • Regular monitoring of the risk exposures viz a viz the Company’s risk appetite and retention for each business portfolio.

  • Issue and forward renewal notices to clients/brokers.

  • Carry out pre-loss physical inspection of the subject matter of insurance proposed for insurance cover and conduct on the spot inspections of motor accidents.

  • Attend to clients enquiries/requests and escalate critical issues to the Unit/ Head of Department.

  • Prepare policy documents for new businesses and pass to line manager for review and approval.

  • Draft letters to clients for review and approval by line manager.

  • Raise and follow up on cheque requisitions for various payments – co insurers, commissions, claims, loss adjusters etc.

  • Provide input into preparation of various reports weekly, monthly and adhoc reports.

  • Allocate policy numbers to new businesses.

  • Assist in computing additional/return premiums due as a result of alterations.

  • Collate bid documents
    to be reviewed by the Unit head / team lead.

  • Assist in collating, sorting and separating about-to-lapse files from those still in force to determine those needing notice.

  • Market company`s products and services.

  • Provide effective technical back up support to the marketers in order to deliver a pleasant customer experience and professional risk management advisory services.

  • Upload of vehicles into Nigerian Insurance Industry Database (NIID).

    Qualifications

  • First degree (Minimum of Second Class Lower degree) in related field.

  • Master's degree is an added advantage.

  • Candidate must be an Associate of CIIN.

  • Minimum of 5 years’ relevant experience in general insurance underwriting and claims management.

  • Relevant experience and good knowledge of Marine Insurance, Accident and Bond is an added advantage.

    Skills/Competencies:

  • Excellent knowledge of NAICOM guidelines and methodologies for achieving compliance.

  • Demonstrable understanding of the underwriting concepts, principles, practices, and procedures.

  • Proven Insurance Underwriting Skills.

  • Advanced knowledge of Marine Insurance, Accident and Bond.

  • Confident decision making skills.

  • Excellent knowledge of insurance policies.

  • Proven numeracy and statistical skills.

  • Strong analytical and quantitative skills.

  • Excellent negotiation and interpersonal skills.

  • Proficiency in the use of Microsoft Office applications.

  • Excellent verbal and written communication skills.

  • Exceptional leadership skills.

    How to Apply

  • For more information and job application details, see; Mutual Benefits Assurance Plc. Insurance Underwriter Jobs in Nigeria


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