A leading insurance company is in the market for an Underwriter to join their team.
Salary:
Responsibilities:
- Evaluates facultative reinsurance submissions assessing risk exposure policy terms conditions and financial stability of cedants.
- Conducts risk assessments including exposure analysis loss history and market trends to determine appropriate pricing and terms.
- Monitors and manages a diversified facultative reinsurance portfolio ensuring alignment with underwriting guidelines and profitability targets.
- Negotiates terms and conditions for facultative placements ensuring mutually beneficial agreements.
- Ensures compliance with regulatory requirements and internal underwriting standards.
- Prepares underwriting reports and presents findings to Senior Management.
- Builds and maintains strong relationships with brokers cedants and internal stakeholders.
- Assists in facultative claims analysis recovery processes and other exercises when required.
Key Skills:
- At least 3 years experience in reinsurance or insurance underwriting with expertise in short-term covers.
- Good analytical thinking with sound decision-making abilities.
- Strong negotiation communication and interpersonal skills.
Qualifications:
- Degree in Risk and Insurance Management
- Diploma in ACII /AIISA/AIIZ