Vacancy title:
Underwriting Manager
Jobs at:
Meanwood General Insurance CompanyDeadline of this Job:
December 18, 2019
Summary
Date Posted: Wednesday, December 11, 2019 , Base Salary: Not Disclosed
JOB DETAILS:
UNDERWRITING MANAGER
Meanwood General Insurance is a growing general insurance Institution 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 talented and experienced insurance professional to fill in the position of Underwriting Manager based in Lusaka and reporting the General Manager.
The Underwriting Manager shall be responsible for insurance underwriting management of all classes of general insurance. This person will oversee day-to-day operations of the underwriting unit, be accountable for the underwriting results of the business, responsible for coaching and development of underwriting team and directly handle client, broker and agency relationships. .
Job Responsibilities:
• Manage risk approvals within authority while achieving the underwriting budget and service goals of the business
• Supervise the underwriting profitability of the business; underwriting and pricing of business and the identification of classes of business to be developed
• Interface with other functional support units in the company such as Claims, IT, and Finance to facilitate meeting the business objectives
• Drive the product development process of the company, including business development
• Assist in the performance of underwriting audits and perform internal Underwriting audits
• Develop policies, procedures and best practices
• Identify and develop training activities for new & existing employees
• Maintain a high level of knowledge of current industry trends, issues & regulatory requirements
• Communicate on a timely basis with fellow underwriting professionals regarding issues of competition, legal decisions and other pertinent information relative to the insurance underwriting and/or claims area
• Develop premium goals and loss ratio targets for both Underwriters and agents
• Draw up quotes for competitive insurance premiums
• Negotiate and define the specific terms of insurance policies with brokers or policyholders
• Ensure regulatory compliance by following applicable insurance laws
• Mapping (Pre & Post) renewal Strategies for client retention and conduct presentations for products/services offered
Job Skills: Not Specified
Job Qualifications:
• Degree in Insurance or related field
• ACII diploma
• At least five years working experience in the General Insurance industry
• Proven general insurance underwriting experience
• Sensible judgement and attention to detail
• Confident decision making skills
• Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures
• Proven numeracy and statistical skills
• Good knowledge of claims management
• Excellent report writing skills
• A goal-getter and Self Starter
• Proficient in Microsoft Excel, Power-point and Word.
• Team player
• In possession of a clean driving license
• Sales & marketing experience will be an added advantage
Job Education Requirements:
• Degree in Insurance or related field
Job Experience Requirements:
• At least five years working experience in the General Insurance industry
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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 the:
Acting Managing Director
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 18th December 2019. Please note that only shortlisted candidates will be contacted.
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