Job Vacancy For Life Underwriting Officer

  • Accra
  • Permanent
  • Full-time
  • 30 days ago
Job Vacancy For Life Underwriting OfficerA reputable non-bank financial institution is seeking to recruit suitable persons as Life Underwriting Officer.Purpose of the Position
  • To Undertake prudent underwriting as well as good Life Policy administration to contribute towards the achievement of the company's objectives
Reports to: Head, Life DepartmentDuties & ResponsibilitiesHandle Policy Administration aspect of the international businesses with which includes the following:
  • Send renewal notices to cedants
  • Prepare renewal statements, upon receipt of current loan balances and group bordereaux for payment
  • Process businesses, as well as payments in Slams
  • Update SLAMS with records if alterations (e.g, lapses, cancellations, decrease or increase in sums assured etc) advised by the cedants
  • Respond to all correspondence as and when required and within approved time limits
  • New business underwriting, both local and international
  • Follow up on outstanding closings, both local and international
  • Handling quotations in consultation with the Head of Department
  • Prepare new business statement of account on accepted business to enable cedants to pay their premiums
  • Process accepted cases through SLAMS - the life software
  • Draft monthly and quarterly technical reports
  • Prepare and send quarterly renewal statements of accounts to cedants (international business)
  • Send weekly reminders in respect of outstanding premiums (international)
  • Any other duties assigned by the Head of Department.
Qualification Required & Experience
  • A minimum of a bachelor's degree
  • Must be fluent in English and French, both written and oral
  • A minimum of 2 years experience in the insurance/reinsurance industry
Location: AccraHow To Apply For The JobInterested person should please send their application and CVs to:resourceh36@gmail.comClosing Date: 30 June, 2021

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