Kimberly Ryan - One of the leading FMCG Conglomerates in Nigeria, which is listed at the Nigerian Stock Exchange and part of an international group, is recruiting Head, Underwriting, due to rapid growth in the base business and the opening up of a new significant JV.
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We are recruiting to fill the position of:
Job Title: Head, Underwriting
Job Opening ID: 644
Location: Lagos
Responsibilities:
- Lead and manage the Underwriting group
- Articulate and implement robust risk management and governance around underwriting
- Develop best practices reserve guidelines and protocols that provide consistency and accuracy
- Establish the platform to ascertain premium rates required and cash reserves necessary to ensure payment of future benefits for all life policies.
- Establish the platform to forecast risk and liability for payment of future benefits
- Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
- Determine policy contract provisions for each type of insurance.
- Determine and establish risk acceptance criteria and specify applicable endorsements or applicable rating to ensure safe profitable distribution of risks.
- Develop and implement best practice risk assessment/analysis tools.
- Perform other functions as assigned by the Executive Director, Technical,
Skill set
- Knowledge and understanding of Insurance Business
- Risk Appreciation
- Statistics & probability expertise
- Good policy development and management capabilities
- Financial Acumen
- Finance & Accounting
Qualification:
- Minimum work experience of 10 years
Application Closing Date:
31st October, 2012
Method Of Application:
Interested candidates should