Job description: Colenson Brokers Nigeria Limited is an insurance and re-insurance broking firm that has been in existence for four decades and has proven track records of excellence in the Nigerian insurance industry.

We are recruiting to fill the position below:

Job Position: Insurance Underwriting Senior Executive
Job Location: Ikoyi, Lagos
Employment Type: Full-time

Description

• We need a result-oriented and experienced professional as an Insurance Underwriting Senior Executive.
• The successful candidate must be a self-motivated team player with aggressive drive to improve client service procedures and ensure optimal operating efficiency across all functions of the Underwriting and Claims Unit.
• Applicants must be associate members of Chartered Insurance Institute of Nigeria (CIIN) or Chartered Insurance Institute UK., Lagos

Responsibilities

• Prepares and evaluates proposals/bids in line with best practices for clients across different industries;
• General underwriting and preparing of broking/other technical documents for different classes of insurance;
• Prepares pre and post-renewal insurance registers for clients;
• Claims Processing:
• Reconciliation of underwriting accounts with various clients and underwriters;
• Ensuring prompt settlement of claims in the interest of the clients;
• Prepares monthly, quarterly and annual technical reports;
• Effectively communicate value proposition through proposals and presentations;
• Key Account Management;
• Own and hit annual sales targets;
• Other insurance technical matters and general tasks assigned per time.

Requirements

• BA / BSc / HND;
• Minimum of 5 years of post-qualification experience in an insurance broking or underwriting firm;
• Excellent work attitude and innovative (disruptive and creative in solving problems);
• Customer Service Intelligence;
• Associate Member of Chartered Insurance Institute of Nigeria(ACIIN) or Chartered Insurance Institute, UK;
• Relevant technical knowledge and practical experience of underwriting and claims processes;
• Personality: A go-getter, enthusiastic and results-oriented;
• Ability to Build, Manage and Lead High-Performance Teams;
• Strong, creative, must have an all-round commercial awareness of the business and analytical approach to underwriting;

Expected salary:

Location: Nigeria

Job date: Wed, 20 Dec 2023 05:09:40 GMT

Apply for the job now!

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Job description: Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category Underwriting

Target Openings 1

What Is the Opportunity? Here at Travelers, we’ve got big growth ambitions! We are establishing a new underwriting practice to grow our offering in the Health & Care market. As part of this exciting initiative, we are looking for a Practice Leader to be responsible for the development and P&L management of the Health & Care practice, including but not limited to underwriting, distribution and development strategies. You will manage the profit and loss of all lines of business within the sector and lead the team; mentoring, coaching and motivating underwriters in one or more location.

To be considered, you will have previous leadership and strategic development experience, as well as property and casualty underwriting expertise, maybe with a bias towards casualty.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

Be Committed, Be Connected, Be Creative and Be Energised – these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work.

Profitability.

• In accordance with product leadership, executes long and short-term business and underwriting strategies to effectively achieve profit and growth objectives for assigned area.
• Participates in the development of strategic business planning activities that are designed to increase the presence of the business unit in the market; retain the appropriate mix of business; and achieve overall growth and profit objectives.
• Monitors portfolio profitability and achievement to plan on an ongoing basis via relevant management information (MI) and general production highlights MI templates.
• Participates in the establishment of underwriting and marketing strategies and standards that reflect market competitive conditions and, at the same time, meet Travelers growth and profit goals.

Marketing/Underwriting.

• Directs all marketing and underwriting activities to ensure that production and underwriting objectives with respect to profitability are achieved. Marketing and underwriting responsibilities include, but are not limited to:
• Meeting with broker personnel to maintain and develop positive and productive relationships.
• In this capacity, assuring that contractual commitments are met and production opportunities are maximised.
• Representing the company and underwriting strategy in the area to brokers, employees and the community.
• Working with other business units as appropriate to support market presentation objectives and seek out cross sell opportunities as appropriate.

Leading the Team.

• Acts as the business leader, directing and managing the delivery of excellent customer and broker service.
• Develops and maintains effective relationships with other Travelers resources (e.g. Distribution, Risk Control, Claim, Operations, etc.) to ensure delivery of all related service to clients.
• Hires, develops, and retains excellent staff through Inclusive Leadership who will support profit, growth, and expense management goals.

• Perform other duties as assigned.

To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.

What Will Our Ideal Candidate Have?

• ACII qualification preferred
• Thorough knowledge of underwriting and sales discipline within a business insurance environment preferred
• Thorough knowledge of assigned product with evidence of very strong relationships with the panel of brokers who provide business to the relevant segment preferred.
• Thorough knowledge and ability to effectively communicate, negotiate, lead, and make decisions required
• Advanced influencing skills, with the ability to influence key stakeholders and impact results required.
• Advanced interpersonal and leadership skills as well as results orientation required.
• Advanced technical underwriting and product knowledge as well as the ability to develop and ensure execution of strategic plans required.
• Thorough understanding of how to run a business P&L, build strategy and successfully execute upon it.
• Strong Analytical thinking, judgement, decision making, communication, team work and general customer focus skills.
• Degree level education preferred

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What is a Must Have?

• Extensive business leadership, knowledge of insurance industry and/or underwriting and sales experience in area of expertise required.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a basic contribution of 9% of pensionable salary to your Group Personal Pension Plan (“GPPP”). If you decide to contribute an additional amount from your salary, you will receive an increased company contribution up to a maximum of 3%. This would bring the total company contribution to 12%.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Employee Assistance programme provides access to professional counseling services and other resources to support your daily life needs. Through the EAP, you’re eligible for five free counseling sessions with a licensed therapist.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit .

Expected salary:

Location: Manchester

Job date: Sat, 25 Nov 2023 02:48:20 GMT

Apply for the job now!

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