At a glance
- Closing date
- The listing does not give one. Employers often close early when they have enough applicants, so apply soon.
- Where
- Lagos, Nigeria
- How to apply
- Directly to the employer by email. The address is in the listing below.
- Similar roles
- 10 other open Insurance roles on the Nigeria board right now.
Oversee the development, review and implementation of underwriting policies, guidelines, procedures, risk appetite parameters and authority limits.
Ensure effective evaluation, pricing, acceptance, documentation and monitoring of risks across the Company’s energy and general insurance portfolios.
Monitor underwriting performance, portfolio mix, loss ratios, claims experience and other key technical indicators; recommend corrective actions where required.
Oversee claims management to promote prompt, fair and consistent assessment, settlement and recovery, while controlling claims leakage and protecting the Company’s interests.
Provide oversight of reinsurance arrangements in collaboration with the relevant teams, including treaty and facultative placements, capacity utilisation, recoveries and reinsurer relationships.
Work with Actuarial to review portfolio performance, pricing adequacy, reserving considerations and emerging trends; ensure technical recommendations are considered in business decisions.
Support the development and review of insurance products, policy wordings, rates and technical documentation to ensure competitiveness, clarity and suitability.
Ensure technical operations comply with NAICOM requirements, applicable insurance laws, approved policies and internal control standards.
Review and approve risks, claims and technical transactions within delegated authority; escalate matters outside approved limits for appropriate approval.
Strengthen relationships with brokers, clients, reinsurers, loss adjusters and other technical stakeholders to support service delivery and business retention.
Identify technical and portfolio risks, implement appropriate mitigation measures and ensure material issues are escalated promptly.
Drive continuous improvement in technical processes, turnaround times, documentation quality, customer experience and operational efficiency.
Lead, coach and develop members of the technical team, set performance expectations and promote accountability and professional development.
Prepare periodic technical and management reports, providing insights on portfolio performance, claims, reinsurance, operational issues and recommended actions.
Collaborate with Business Development and other business units to support profitable growth while maintaining underwriting discipline and the Company’s risk appetite.
EDUCATIONAL QUALIFICATION & TRAINING
Bachelor’s degree in Insurance, Actuarial Science, Business Administration, Finance or a related discipline.
A relevant professional qualification such as ACII, CIIN or an equivalent recognised insurance qualification is required; additional management or technical certifications will be an advantage.
Extensive relevant experience in insurance technical operations, including underwriting and claims, with demonstrable leadership experience
SKILLS & ABILITIES
Strong knowledge of insurance underwriting principles, claims management, reinsurance and the Nigerian insurance market.
Sound understanding of energy insurance and general insurance products, risk assessment, policy wordings and portfolio management.
Good knowledge of NAICOM regulations, insurance legislation, governance requirements and internal control practices.
Strong commercial judgement, analytical ability and capacity to interpret technical and financial performance information.
Excellent leadership, people management, negotiation and stakeholder-management skills.
Strong communication, report-writing, presentation and decision-making skills.
Ability to balance business growth, customer service, profitability and prudent risk selection.
High integrity, attention to detail, and accountability.
Proficiency in relevant insurance systems and Microsoft Office applications.
Minimum qualifications
BA/BSc/HND , Professional Certificate
How to apply
Interested and qualified candidates should forward their CV to: recruitment@ieiplcng.com using the position as subject of email.
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