Recruitment for Technical Underwriter at Fosad Consulting Limited

Application Closing Date
28th February, 2022.

Fosad Consulting LLC. is a professional services firm established to provide quality consulting services to desiring clients, whose primary objective is to focus their management and technical resources on their core competence.

We are recruiting to fill the position below:

Job Title: Technical Underwriter

Location: Lagos
Employment Type: Full-time

Responsibilities

  • The role handles assessing insurance applications or proposals to determine suitability and terms for accepting into the company risk portfolio.The underwriter also ensures that risk saccepted are properly managed.
  • Appraise risk proposed for Cover and determinelevelofexposure
  • Basedontheexposure,determinepremiumratesandpolicyterms
  • Advise the client (insured or intermediary) viaquotation slips stating premiums and terms of acceptance.
  • Discuss and negotiate terms with the broker
  • Where Slips have been signed before presenting tothe team, review terms and conditions with the team lead beforeproceeding to confirm cover
  • Refer risksfor Survey/Inspection/Superintending where necessary in consultation with the teamlead
  • Review Survey reports and recommendations and insert warranties on the policy based on the report where necessary
  • Review Loss ratio prior to renewal and advise clientof any proposed changes to the policy terms and conditions.This must be done inconsultation with the team lead.
  • Conductingon-the-spot/post-loss inspection on reported losses referred by the claims unit to Confirm the extent of damage and proximate cause.
  • Determine if the proximate cause is an insured peril
  • Responsible for receiving all claims related notification by confirming the circumstance of loss and effectiveness of cover as at the time of loss.
  • Issue policy certificates,documents and endorsements with appropriate policy terms and conditions
  • Inputtransactions into the Underwriting Software
  • Generate debit notes and credit note and communicate the documents issued to the client
  • Upload of Documents on Data Management Software

Requirements

  • Minimum of a B.Sc / HND in Insurance, Risk Management or related field from a reputable Educational Institution.
  • Minimum of one year relevant experience in Insurance industry
  • Must not be more 27 years old.

Method of Application
Interested and qualified candidates should send their CV to: recruitment@fosadconsulting.com using the Job Title as the subject of the mail.

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