26 Jan 2024

Head of Underwriting at Donewell Insurance LTD

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Job Description

Donewell Insurance LTD is seeking to recruit Head of Underwriting.

Job Summary

• Support underwriters to review applications, establish appropriate screening protocols and develop new methodologies and models to assess the risk Donewell Insurance assumes in transacting business with clients.

Duties and Responsibilities

• Lead and manage the underwriting Department
• Manage the underwriting process by analyzing risk presented in line with the company’s policies and risk appetite
• Implement underwriting strategies and operational policies for various product lines
• Ensure pre-loss surveys are conducted, regarding the limits agreed upon by the company
• Assist branches and business units in preparation of competitive quotations and determine appropriate premiums and coverage
• Oversee the review and approval process for decisions and recommendations related to complex risks
• Define and establish procedures for application, risk acceptance or rejection, renewal and endorsements
• Develop the underwriting team through periodic training, coaching and mentorship programmes
• Ensure the department goals are achieved by developing and maintaining a profitable business
• Articulate and implement robust risk management and governance around underwriting
• Establish the platform to forecast risk and liability through reserving for decision-making
• Submit periodic reports on the performance of various lines of business
• Develop and implement best practices by adhering to guidelines from the regulator
• Advice management on emerging trends in underwriting for effective decision-making

Qualification Required & Experience

• A good first degree in insurance/mathematics/statistics, Business Administration, Finance or Economics
• Must have a professional certification from an insurance body (ACIL, ACIIG)
• Must have worked in a similar role for a minimum of 10 years

Location: Accra

Method of Application

Interested candidates should forward their application to the following address below: [email protected]

Closing Date: 09 February, 2024

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