Ensure Insurance Plc Vacancy for a Chief Underwriting Officer

Ensure Insurance Plc - A leading Insurance company in Nigeria, with offices in Lagos (head Office), Port Harcourt and Abuja, seeks an experienced professional to provide strategic leadership in its technical insurance division.


Ensure Insurance Plc is recruiting to fill the position of:

Job Title: Chief Underwriting Officer (CUO)

Ref No: CUO 0001
Location: Lagos, Nigeria
Job Types: Full-time

Job Description

• The CUO will serve as a member of executive management with direct responsibility for all underwriting operations of the company (Underwriting - Life and Non-Life, Claims, Reinsurance, Actuarial).
• Improve the underwriting performance of the organisation to achieve a loss ratio of 45% across all businesses.
• Design, execute, and monitor the underwriting goals of the organisation as defined in its strategic document.
• Lead a strong and youthful team of underwriters.

• Establish and promote underwriting best practices, with focus on underwriting profitability
• Responsible for the Life & Non-Life underwriting units of the company
• Develops long-term underwriting strategies and directions for the company, and sets specific goals and policies for underwriting operations.
• Determines product mix and target markets for the company. Drives marketing and distribution strategies for the company
• Products development, pricing and profitability analysis
• Responsible for the actuarial valuation of both the Life and Non-Life books of the business
• Coaching, Mentoring and Facilitation of Training Programmes
• Responsible for the retail processing and actuarial units of the company
• Responsible for planning and directing all underwriting procedures.
• Directs the various underwriting function of the organization including Individual Life, Group Life, Non-Life and Health
• Other roles as may be assigned by the organisation

• ACIIN
• Candidate must possess a Bachelors' degree in from a reputable institution
• Hands on experience in managing business operations.
• Demonstrable experience in creating business development procedures, service standards, operational policies and guidelines.
• Age: 45yrs
• Not less than 12 years post qualification experience in Underwriting
• Track record of consistently building dynamic teams, identifying high-yielding products in highly competitive, start-up /established companies during the career span.

• Deep knowledge of insurance underwriting (Life & Non-Life).
• Good actuarial knowledge.
• Patient and Calm
• Team Builder and Player
• Ability to develop other leaders and managers
• Knowledge of Financial accounting of both Life and Non-Life business.
• Knowledge of Insurance operations and financial accounting
• Leadership qualities