Underwriting Manager

  • NAGICO Insurance (Bahamas) Limited
  • Nassau, The Bahamas
  • Jun 13, 2018
Full Time Insurance Manager

Job Description

Job Title: Underwriting Manager

NAGICO Insurance (Bahamas) Limited is inviting suitably qualified persons to apply for the position of Underwriting Manager. The Manager reports to the Board of Directors and is responsible for efficiently managing the daily operations of NAGICO Bahamas and for helping to prepare and execute the strategic objectives of the company.

 Key Duties and Responsibilities

General Operations

  • Lead in the development of budgets, strategic and operational plans
  • Ensure financial objectives are attained (production, AR, claims, etc)
  • Ensure compliance with all legal and regulatory requirements
  • Develop and enhance relationships with business partners, clients, regulators and other stakeholders
  • Monthly and quarterly reporting to the Board, Chairman and CEO
  • Establish and review service levels for delivery of products & services
  • Assist in the development of new products
  • Conduct market research and identify new developments within the industry that affect branch operations and make recommendations on how to address them

Underwriting Department Management

  • Develop and modify underwriting guidelines for all lines of business
  • Prepare high-level quotes and or supervise quotation of large risks
  • Reviewing and signing policy documents
  • Training and motivating agents and brokers to achieve higher production levels

Staff Development

  • Lead, coach, motivate and mentor staff
  • Guide staff's decision making for decisions exceeding their authority
  • Prepare and complete the annual performance appraisals for staff

Knowledge & Experience

  • Chartered for Fellow Insurance qualification. ACII, CPCU preferred
  • 10 years or more of senior-level management experience in the general insurance sector which exposure to underwriting, claims and reinsurance
  • Demonstrable experience in general insurance sales and marketing
  • Proven experience in underwriting large commercial risks
  • Proven ability to lead and motivate staff and good interpersonal and communication skills, including ability to build relationships
  • Great computer analytical skills. Proficiency in Excel and data analysis

Please submit Curriculum Vitae along with copies of certificates.