Underwriting Manager - Life Division at Madison Group Limited

• Offering guidance to the Life Business prior to placement of new and renewal businesses for strategic pricing.
• Preparing, implementing Underwriting guidelines and Underwriting Policy review as per company policy.
• Ensuring 100% automation of all underwriting processes, reports, and maximize the use of the BI tool for reporting.
• Ensuring Reassurance Treaty programs for Life Business are in place and updated regularly in line with business trends and regulations.
• Ensuring quotations, policy issuance/amendments, renewals are done within the set customer service benchmarks.
• Ensuring timely conversion of new business and institute measures for timely policy document delivery.
• Guiding, motivating and training staff on operational processes within the department and at branch level for operational efficiency.
• Continuous monitoring and evaluating the performance of each staff as per their KPI and identifying and recommending training needs of each staff.
• Preparing weekly/monthly operational management report for Life Business.
• Keeping up with the New Business rules and procedures from regulators affecting Life Business.
• Ensuring Annual returns to IRA are prepared within the stipulated period.
• Ensuring enquiries and correspondences from clients, branches and regulators are acted upon within the set customer service benchmarks.
• In Liaison with the Managing Director’s office provide underwriting decisions and pricing as per authorized financial limits.
• Proactively manage departmental costs by operating within set budget.

• Bachelor’s degree in Insurance or any other business-related field.
• Minimum of 8 years of experience in Life Underwriting, with at least 3 years in a mid-level management role or above.
• Extensive Hands on experience in reinsurance and insurance operations.
• Strong understanding of the industry’s regulatory framework.
• Professional qualification in IIK, CII or CIM.

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