Team Lead, Multiclient / Financial Institutions Underwriting at AIICO Insurance Plc

AIICO Insurance Plc (NSE Ticker: “AIICO”), established in 1963, is a financial services group with market-leading positions in its key business lines; Insurance, Health Maintenance and Asset Management.

We are recruiting to fill the position below:

Job Title: Team Lead, Multiclient/Financial Institutions Underwriting

Location: Lagos
Employment Type: Full-time

Responsibilities 

• Preparation of quotations after reviewing a new proposal from client/broker.
• Develop and maintain strong relationship and credibility with the sales staff/brokers through productive engagements regularly.
• Ensure that all underwriting records and files of clients/brokers as at when due.
• Ensure that debit/credit notes are issued to clients are issued as at when due.
• Ensure that any policy with loss ratio above 70% are escalated to higher authorities for decisions 2 months before renewal.
• Ensure compliance with the KYC requirements of the company in respect of both new and renewal businesses. Customer due diligence must be carried out on all clients.
• Ensure that all fire, motor and engineering risks in line with the organization’s policy are sent to the risk management and survey team for inspection and follow done until survey is done, and risk improvement recommendations are communicated to the insured.
• Collaborate with banks and other financial institutions to develop bespoke insurance products that will meet the need of their customers.
• Acknowledge all mails within one hour and diarize for follow up.
• Deliver endorsements in respect of all policy alterations and renewals within 48 hours.
• Ensure policy documents are delivered within 72 hours.
• Ensure motor insurance certificates are issued within 24 hours and same uploaded to the NIID.
• A good knowledge of Property, Casualty and Marine Insurance Products and their underwriting requirements.
• Any other functions as deemed necessary by the team lead for the unit.

Requirements

• The candidate must possess team leadership experience with verifiable proof of notable achievement as the team lead.
• The role would require an individual with analytical skills who would be able to assess a risk and determine whether it should be insurable and at what terms and conditions.
• The role is also expected to liaise with brokers, banks and clients as occasion demands to provide the necessary supports to consummate insurance placement deals on terms agreeable to the organization.
• Carry out pre-renewal/Onboarding review of risks and communicating the renewal terms to the client through the broker/bank. In the same vein, the role is expected to flag any risk that has been value-eroding for the business.
• Provide leadership for the team by setting positive examples of changes he/she hopes to bring to the team that would enhance their performance.
• Possess the quality of effective communication to team members, marketers, brokers and other stake holders
• Must be able to develop actionable strategies to help the team provide the necessary support for the Sales Team to meet their Gross Written Premium Objective.
• Must be a team player able to collaborate with the team members to achieve the overall objective of the business.
• Must be able to foster a culture of innovation and continuous improvements among team members.
• Must be skillful in the delegation of tasks and responsibilities.
• Monitoring and managing the performance of team members.

Qualifications:

• B.Sc. or HND in any field.
• A master’s degree would be an added advantage.
• Associate member, Chartered Insurance Institute of Nigeria.
• Minimum of 8 years’ experience as an underwriter and at least 2 years as a team lead in a reputable insurance company.

Core Competencies:

• Good communication skills
• Time management skills.
• Problem solving skills.
• Attention to details.
• Team player/effective collaborator
• Organization skills

Functional Competencies:

• Skilled in the use of Microsoft words, power point and excel
• Good underwriting skills.

Application Closing Date
11th November, 2024. 

Method of Application
Interested and qualified candidates should send their Resume to: [email protected] using the Job Title as the subject of the mail.