Underwriter at a Leading Health Maintenance Organization (HMO) - You Centred Consulting

You Centred Consulting - Our client, a leading Health Maintenance Organization (HMO) in Nigeria, is recruiting to fill the position below:

Job Title: Underwriter

Location: Lagos
Industry: HMO

Job Summary

• We are seeking a meticulous and experienced Underwriter to join our dynamic team, we are a leading Health Maintenance Organization (HMO) in Nigeria.
• The Underwriter will be responsible for assessing insurance applications, analyzing risk factors, and ensuring fair and profitable underwriting decisions in compliance with industry standards and company policies.

Key Responsibilities

• Evaluate and analyze insurance applications to determine risk exposure and appropriate premium rates.
• Assess medical records, financial statements, and other relevant documents to make informed underwriting decisions.
• Develop and maintain underwriting policies, procedures, and guidelines for health insurance products.
• Review existing policies for renewal, ensuring appropriate risk assessment and necessary adjustments to terms or pricing.
• Work closely with actuaries, claims analysts, and sales teams to ensure accurate risk assessment and profitable underwriting.
• Ensure compliance with regulatory guidelines and industry best practices in underwriting policies.
• Monitor claims trends and loss ratios to recommend adjustments to underwriting strategies.
• Provide technical support and guidance to the sales and marketing teams regarding underwriting decisions and policy structuring.
• Conduct periodic risk audits to evaluate underwriting accuracy and adherence to company policies.
• Assist in the development of new health insurance products by providing risk assessment insights.
• Maintain detailed records of underwriting decisions and prepare reports for management review.
• Stay up to date on industry trends, emerging risks, and regulatory changes affecting health insurance underwriting.

Requirements

• First Degree in Insurance, Finance, Business Administration, or a related field.
• Proven experience as an Underwriter in the healthcare insurance industry.
• Strong analytical and risk assessment skills.
• Excellent decision-making and problem-solving abilities.
• Knowledge of medical terminology and healthcare insurance principles.
• Proficiency in underwriting software and Microsoft Office Suite.

Preferred Qualifications:

• Certification in underwriting is a plus.
• Experience with risk management in healthcare settings.
• Ability to work effectively in a team environment and independently.

Benefits

• Competitive salary and benefits package.
• Opportunities for professional development and career growth.
• Positive and collaborative work environment.

Application Closing Date
20th March, 2025.

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