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Job Vacancy

Job Title: Underwriter – Life & Medical
Position Overview:
This position responsibility will be to review applications for insurance and evaluate the degree of risk in accepting individual and group life & medical applications. Essential Duties and Responsibilities:
• Evaluate insurance applications and decide whether to provide insurance;
• Determine coverage amounts and premiums for insurance policies;
• Screen applicants for insurance based on a predetermined set of criteria;
• Obtain and examine additional relevant documentation about applicants through communications, with field representatives, medical personnel, and others;
• Analyze applicant information and use reference materials to aid in the determination of risks;
• Assess and consider recommendations from underwriting software;
• Decline applicants that demonstrate excessive risks;
• Evaluate potential losses based on excessive or catastrophe insurance;
• Weight loss exposures and determine underwriting alternatives
• Decrease the value of policies with substandard risk;
• Review Omega Insurance Group records to determine the amount of insurance in force on single risks or groups of risks;
• Ensure safe and profitable risk distribution;
• Keep detailed records of policies underwritten and decisions made;
• Balance between mass and homogeneity of risks to achieve predictability of future results;
• Develop and maintain a profitable book of business for the insurer;
• Follow applicable insurance laws;
• Carrying out informative and detailed follow-ups on quotations that have already submitted and getting feedbacks to enable us produce more competitive quotations;
• Digitize all records and documents for group clients to provide an easy and quick access to information and;
• Conduct research on our targeted entities to enable us generate a tailored made quote to best suit their needs.
Vacancy
Education, Experience & Skills:
• Bachelor’s degree in business, economics, finance, mathematics or related field;
• 5+ years of work experience preferable in Insurance sector;
• Prior underwriting experience a plus;
• Medical Clearance (Preferred Medical Centers: SOS Medical Clinic, Snapper Hill Clinic, Malag Clinic, JFK Medical Center, ELWA Hospital or Catholic Hospital);
• Excellent interpersonal communication skills, both verbal and written;
• Customer service and relationship-building skills;
• Analytical skills; • Good math and statistics skills;
• Teamworking skills and;
• Organization and time management skills;
To Apply
Interested candidates with relevant experience are to email and attached a covering letters, CV’s and other documents (qualification) to humanresources@omegalr.com or drop a copy at our head office.
Please note: Only shortlisted CV’s will be contacted.
Underwriter-–-Life-Medical
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