Job Title: Manager, Underwriting & Marketing
Location: Lagos
Responsibilities
- Reporting directly to the Regional Director, the Manager, Underwriting & Marketing will provide technical assistance to clients and manage the business relationship with all cedants and brokers in order to achieve profitability, liquidity, business growth and customer satisfaction on a sustainable basis in the Anglophone West Africa Region.
The duties of the Manager, Underwriting & Marketing shall comprise amongst others:
- Preparing renewal and new business quotation proposals to cedants and brokers.
- Paying regular market visits for new businesses and the renewal of existing business as well as obtaining market statistics and other relevant information for the Corporation’s strategic and operational use.
- Assist in reviewing and monitoring the proper processing of all technical transactions
- Reviewing all claims along with other claims supporting documentation, and ensuring proper processing and timely settlement of verified cash calls
- Carrying out risk surveys and giving risk improvement recommendations
- Providing training, advice and other forms of technical support to both staff and clients on a regular basis.
- Assisting Finance & Technical accounts in reviewing the reconciliation of cedant and broker accounts and recovering outstanding amounts due from them while also ensuring timely remittance of amounts due to them;
- Participate and provide data / input to the development, implementation and review of strategic, business development, marketing and operational plans as well as budgets for the Region;
- Regularly reviewing facultative and treaty acceptances ahead of renewal.
- Soliciting and receiving treaty offers from existing and potential clients, assessing such offers when received and determining whether or not to accept them in line with the Corporation’s underwriting policies/guidelines.
- Maintaining proper records of all business offers received and transactions concluded
- Attending to client correspondences, social and business functions as well as other related activities for overall marketing effectiveness.
- Ensuring that all the treaties and facultative contracts are processed and the cover notes signed and sent out to cedants or brokers.
- Monitoring the profitability of markets serviced and progress made towards the achievement of income targets in the assigned markets
- Ensure the timely rendition of all required reports relating to the underwriting and marketing function on clients, for consolidated reporting to the Head Office
- Attending to any other duties as may be assigned by the Regional Director and the Corporation’s management from time to time.
- Very good technical knowledge and professional proficiency, particularly with regard to Insurance and Reinsurance underwriting, Retrocession, Claims as well as risk assessment;
- Strong practical sales competences and skills
- High Integrity and proven sense of responsibility
- Ability to work under pressure
- Excellent computer skills required in Microsoft Office (Word, Excel, PowerPoint, etc.)
- Practical knowledge of a reinsurance-related software will be an added advantage
- Ability to quickly build good and sustainable relationship with the main brokers and cedants;
- Have very strong and proven managerial skills/experience,
- Demonstrated proficiency in evaluating the relative costs and benefits of potential actions to choose the most appropriate one;
- Very Good analytical, planning and reporting skills.
- Capacity for synthesizing and reasoning
- Good communication and training skills
Applicants shall be holders of:
- First University degree plus Master’s in relevant fields plus 5 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both Treaty and Facultative); reinsurance pricing ; claims management, risk survey and assessment. Or
- First University degree in relevant fields plus full professional qualification, plus 5 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both treaty and Facultative); reinsurance pricing; claims management, risk survey and assessment. Or
- First University degree in relevant field plus 10 years post qualification relevant qualitative work experience with emphasis on reinsurance underwriting (both treaty and Facultative); reinsurance pricing; claims management, risk survey and assessment
- Relevant work experience in a reputable Insurance/Reinsurance organization at similar level is required;
- Relevant professional qualifications will be added advantage
Applicants must also be:
- Fluent in English language
- Working knowledge of French will be an added advantage.
The successful candidate shall have the following benefits:
- Competitive Basic Salary on the Corporation’s Professional Staff Grade Level
- Variable pay (Annual Performance Bonus)
- Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
- Children education subsidy for each child up to 26 years (maximum 4 children)
- Medical cover for staff and family;
- Housing Allowance
- Home leave to country of origin every year paid by the employer (if non-national) ;
- Duty
Post Differential (Cost of Living Allowance), that may increase or
decrease depending on the economic situation, paid in local currency.
Deadline: 31st October, 2019.How to Apply
Interested and qualified candidates should:
Click here to apply onlineNote: The Company reserves the right to appoint at the advertised level or at any other level that may suit the profile, qualifications and experience of the successful candidate.
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