verview:
- We are seeking a meticulous and analytical Technical Underwriter to join our underwriting team.
- The ideal candidate will possess strong analytical skills and a deep understanding of insurance underwriting principles.
- The Technical Underwriter will be responsible for evaluating risk, determining pricing, and ensuring the profitability of our microinsurance products.
Key Responsibilities:
Risk Assessment:
- Evaluate new and renewal insurance applications to determine risk exposure.
- Analyze individual and group risk profiles using various data sources and assessment tools.
- Make informed decisions on policy approvals, declines, and modifications.
Pricing and Policy Development:
- Develop and maintain pricing models for various microinsurance products.
- Collaborate with the product development team to create innovative and competitive insurance solutions.
- Ensure that pricing strategies align with company objectives and regulatory requirements.
Data Analysis and Reporting:
- Conduct regular analysis of underwriting performance and provide insights to management.
- Prepare detailed reports on underwriting activities, trends, and portfolio performance.
- Utilize statistical and actuarial techniques to refine risk assessment processes.
Policy Compliance:
- Ensure that underwriting policies and practices comply with regulatory standards and company guidelines.
- Keep up-to-date with industry regulations and market conditions affecting underwriting practices.
Collaboration and Support:
- Work closely with sales, marketing, and claims departments to support business goals.
- Provide technical guidance and support to junior underwriters and other team members.
- Participate in training programs and knowledge-sharing initiatives to enhance underwriting capabilities.
Customer and Stakeholder Engagement:
- Communicate effectively with agents, brokers, and clients to explain underwriting decisions.
- Build and maintain strong relationships with external partners and stakeholders.
Continuous Improvement:
- Identify opportunities for process improvements and implement best practices in underwriting.
- Stay informed about new technologies and methodologies to enhance underwriting efficiency.
Qualifications:
- Bachelor’s degree in Insurance, Risk Management, Business Administration, or a related field. Advanced degrees or professional certifications (e.g., ACIIN) are a plus.
- Minimum of 3years of underwriting experience, preferably in the microinsurance or general insurance industry.
- Strong analytical and problem-solving skills with a keen attention to detail.
- Proficiency in underwriting software and Microsoft Office Suite (Excel, Word, PowerPoint).
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team in a fast-paced environment.
- Knowledge of local and international insurance regulations.
- Passion for social impact and experience working with underserved communities is a plus.
Deadline to apply: June 25, 2024
JOB IS EXPIRED.