Underwriter – Life Business at Madison Group Limited

Key Responsibilities

• Servicing (Reconcile, cost and renew) Group Life Schemes.
• Ensuring quotations, policy issuance/amendments, renewals are done within the set customer service benchmarks.
• Approving and ensuring quotations/new business are placed as per guidelines
• Ensuring timely conversion of new business and institute measures for timely policy document delivery.
• Analyze all classes of life risks accepted and ensure proper quarterly cessions.
• Prompt claim recovery from reinsurers.
• Facilitate Facultative reinsurance agreement and placement of risks exceeding the treaty capacity.
• Submission of closing and accounting documents to Finance Department for settlement of premium and recovery of claims from reinsurers.
• Prepare reinsurance underwriting and claims statistics for reinsurance renewals to facilitate negotiation of treaty renewal terms in line with the business needs and regulatory guidelines.
• In liaison with the Underwriting Manager, File treaties and other Reinsurance Arrangements timely with IRA.
• Maintain efficient communication lines between the company and reinsurance partners.
• Setting up and ensuring that reinsurance in Life Management System (LMS) works effectively and accurately.
• Monitoring and maintaining data integrity and accuracy in the system.
• In liaison with the Underwriting Manager, Co-ordinate co-insurance arrangements whenever it arises
• Prepare periodic management reports on Underwriting and Reinsurance/Coinsurance.

Qualifications and Core Competencies

• University Degree in Insurance or any other related field.
• At least 4 years’ relevant work experience.
• Diploma in Insurance (AIIK/ACII)
• Technical knowledge of Insurance/Reinsurance operations and regulations.
• Ability to work well in a team.