Summary
Date Posted: Tuesday, April 16 2024, Base Salary: Not Disclosed

JOB DETAILS:

SENIOR UNDERWRITER
Meanwood General Insurance is a growing general Insurance Company in Zambia. The Company underwrites all classes of business in respect of general insurance and has a good branch network spread across the Country.

The Company is seeking to recruit a dynamic and visionary leader to join as a Senior Underwriter and reporting to the General Manager.
The Senior Underwriter’s primary responsibility involves assessing and evaluating insurance proposals to determine their risk level and whether they should be approved or not.

RESPONSIBITIES
• Evaluate insurance proposals by gathering and analyzing background information, collaborating with specialist colleagues to assess risks effectively
• Determine appropriate insurance premiums based on actuarial data, statistical analysis, and personal judgment within the delegated authority, making referrals in line with company guidelines.
• Develop accurate premium forecasts and business plans promptly to facilitate precise budgeting and performance targets.
• Provide training as needed for staff, brokers, and clients, and contribute to the growth of underwriting assistants.
• Maintain precise records in both paper and electronic formats for auditing and regulatory compliance.
• Participate proactively in departmental projects or initiatives aimed at enhancing efficiency and effectiveness.
• Foster and maintain relationships with key brokers and clients across all relevant levels of their businesses.
• Liaise with brokers, clients, and potential clients to prepare quotes, negotiate terms, issue policies, and specify applicable conditions.

REQUIREMENTS
• Bachelor’s degree in Insurance, Economics, Actuarial Science, or ACII.
• Demonstrated experience as a general insurance underwriter or claims professional, with a minimum of 3 years in underwriting or claims.
• Thorough understanding of insurance principles and terminology across various lines of business.
• Proficient in underwriting policy construction and adept at interpreting underwriting files to identify necessary data.
• Strong problem-solving skills, capable of evaluating information from diverse sources.
• Sound decision-making abilities, considering costs and benefits to make informed choices.
• Excellent communication and interpersonal skills, adept at engaging in discussions with underwriters, brokers, and technical colleagues.
• Detail-oriented with high accuracy in work.
• Effective workload management skills to meet service standards.
• Ability to work under pressure and adhere to tight deadlines.
• Proficient in Microsoft Excel and Word.
• Familiarity with various company-specific systems for data interrogation.
• Membership in the Insurance Institute of Zambia.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

If you believe you can clearly demonstrate your abilities to meet the relevant criteria for the role above, please submit your application including copies of your academic and professional certificates, testimonials and your curriculum vitae, including among other details your current position, current remuneration, email and telephone contacts of three (3) referees familiar with your qualifications and work experience to:

General Manager, Meanwood General Insurance
Plot 106, Fairview
Great Eat Road
P O Box 31334
Lusaka

E-mail: jobs@meanwoodgeneral.co.zm 

The closing date for accepting applications is 17th April, 2024. Please note that only shortlisted candidates will be contacted

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