Underwriter – Life Business at Madison Group Limited

Job Description

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.