Application Procedure
Interested Candidates for this role shall be required to send an Application letter and a CV to vacancies@fbsre.ng
Assistant Manager, Life Underwriting/Business Development
Subject and Description
Job Summary
As Assistant Manager in Life Underwriting and Business Development, you will support FBS Re’s mission to position the company as a customer-centric partner. This role involves actively managing client portfolios, responding to client needs, promoting transparency in operations, and ensuring efficient underwriting and marketing processes.
Roles and Responsibilities
Underwriting Functions
- Review client reinsurance proposals and business offers; assess terms and pricing against actuarial standards and FBS Re guidelines.
- Prepare and review reinsurance contract terms and conditions, adhering to best practices and FBS Re’s standard wordings.
- Monitor and evaluate the profitability and performance of client portfolios, implementing corrective actions as needed.
- Record all business transactions (accepted, declined, or offered) in the Synergy 2 system.
- Maintain proactive client engagement by managing timely renewal lists and optimizing participation based on risk performance.
- Ensure top debtor balances remain within a maximum of 15% of total collectable debt.
- Prepare cover notes and treaty wordings using FBS Re’s standard documentation.
- Document new and renewed business transactions in compliance with office procedures and maintain accurate records of all offers received.
Business Development Functions
- Position FBS Re as a customer-centric partner by providing excellent customer service to build and maintain positive client relationships
- Collaborate across departments to resolve client issues promptly.
- Analyze client portfolios to assess growth potential, profitability, and market share.
- Gather and communicate market feedback on FBS Re’s performance.
- Collaborate with Finance and Credit Control teams to expedite premium collection.
- Convert leads and prospects into clients and develop client relationships; ensure comprehensive coverage and maintain accurate sales data to achieve sales targets; monitor competitor activity for market share growth.
- Provide excellent customer service to build and maintain positive client relationships
- Undertake other duties as assigned by the Supervisor or Management to support team goals.
Candidate Profile
Education and Experience
- Bachelor’s degree in insurance, Business Administration, or related field.
- Preferred Professional Qualification ACII. Other qualifications are additional.
- Minimum of 7 years experience in underwriting or marketing, with a focus on life insurance or reinsurance.
Required Capabilities
- Strong analytical skills with the ability to assess client portfolios and financial data.
- Proficiency in reinsurance pricing and underwriting software (e.g., Synergy 2).
- Excellent interpersonal and communication skills to foster client and departmental relationships.
- High attention to detail, with strong organizational skills.
- Ability to work collaboratively across teams and departments.
Application Procedure
Interested Candidates for this role shall be required to send an Application letter and a CV to vacancies@fbsre.ng