Job Purpose
The Senior Underwriter ensures the company maintains a balanced, profitable, and compliant general insurance portfolio while providing technical leadership and mentoring to the underwriting team.
Key Responsibilities
- Review, evaluate, and approve complex and high-value general insurance proposals (e.g., engineering, fire, liability, marine, motor, and property).
- Analyze risk exposures and determine appropriate coverage terms, premiums, and policy conditions.
- Make informed underwriting decisions within delegated authority limits and recommend referrals to management for exceptional cases.
- Ensure underwriting decisions align with company profitability targets and reinsurance arrangements
- Monitor the performance of the general insurance portfolio to maintain healthy loss ratios and business growth
- Supervise and mentor junior underwriters and underwriting assistants, ensuring technical competence and consistent application of underwriting standards
- Build and maintain strong working relationships with brokers, agents, and corporate clients.
- Ensure full compliance with underwriting policies, IRA regulations, and internal controls.
- Prepare and submit periodic underwriting and performance reports to management.
- Support audit processes and implement corrective actions for identified gaps
Qualifications and Experience
- Education: Bachelor’s degree in insurance, Business, Commerce, or a related field.
- Professional Certification: Advanced Diploma in Insurance (AIIK) or ACII (UK) is required.
- Experience: Minimum of 5–7 years in underwriting general insurance, with at least 3 years in a senior or supervisory capacity.
Skills and Competencies
- Strong product and market knowledge, reinsurance practices alongside a solid understanding of regulatory compliance standards.
- Advanced risk assessment, analytical, communication, strong leadership and team management skills
- High attention to detail, sound decision-making capabilities, and excellent relationship management and negotiation skills.