JOB INFORMATION
Job Title: Underwriting Officer
Company: The Ultimate Insurance Broker (UIB)
Department: Underwriting
Reports To: Underwriting Manager
Duty Station: Addis Ababa, Ethiopia
Location Type: Office
Deadline: July 3rd, 2026
Career Level: Mid Level (3–5 Years)
Language: 1
Employment Type: Full Time
Number of People Required: 5
Work Experience: 3–5 Years
JOB PURPOSE
The Underwriting Officer is responsible for evaluating insurance risks, reviewing client applications, and determining appropriate coverage terms and pricing in line with company underwriting guidelines and insurer agreements.
The role ensures balanced risk selection, portfolio quality, and profitability while supporting smooth policy issuance and renewal processes.
KEY RESPONSIBILITIES
- Risk Assessment & Evaluation
• Review insurance applications, proposals, and supporting documents.
• Assess risk exposure and ensure compliance with underwriting guidelines.
• Analyze client background information to determine insurability.
- Policy Pricing & Structuring
• Support or determine appropriate premiums, coverage limits, and policy terms.
• Liaise with insurers to negotiate competitive terms for clients.
• Ensure accuracy in quotation preparation and policy structuring.
- Policy Administration
• Prepare, issue, and renew insurance policies.
• Process endorsements, amendments, and reinstatements.
• Ensure all documentation is complete, accurate, and compliant.
- Portfolio & Risk Management
• Monitor portfolio performance and loss trends.
• Support efforts to maintain a healthy risk-to-reward balance.
• Escalate high-risk or complex cases for senior review.
- Stakeholder Coordination
• Communicate with insurers, clients, and internal teams.
• Provide technical underwriting guidance to sales and customer service teams.
• Support resolution of underwriting-related client queries.
- Compliance & Reporting
• Ensure adherence to regulatory requirements and company policies.
• Maintain accurate underwriting records and documentation.
• Support preparation of underwriting reports and performance summaries.
KEY PERFORMANCE INDICATORS (KPIs)
• Accuracy of underwriting decisions and documentation.
• Policy turnaround time (issuance and renewal).
• Portfolio loss ratio and profitability contribution.
• Compliance with underwriting guidelines (zero critical breaches).
• Client and insurer satisfaction regarding underwriting responsiveness.
QUALIFICATIONS & EXPERIENCE
• Bachelor’s Degree in Business Administration, Finance, Accounting, or a related field.
OR
• Bachelor of Science Degree in Mechanical Engineering.
• Minimum of 3 years of experience in Insurance or Insurance Brokerage as an Underwriting Officer only.
• Strong analytical and numerical skills.
• Good understanding of insurance principles and risk assessment.
• Proficiency in MS Excel, documentation systems, and Insurance ERP systems.
SKILLS & COMPETENCIES
• Strong attention to detail and accuracy.
• Analytical and decision-making ability.
• Communication and negotiation skills.
• Risk awareness and commercial judgment.
• Ability to work under pressure and meet deadlines.
• Team collaboration and stakeholder management.
REQUIRED SKILLS
• Adaptability
• Risk Assessment
• Analytical and Critical Thinking Skills
• Excellent Communication, Interpersonal, and Organizational Skills
• Risk Management & Compliance
• Highly Quality-Focused and Detail-Oriented
• Professionalism and Positive Attitude
• Strong Attention to Detail and Accuracy
DESIRED SKILLS
• Creative Thinking
• Development-Oriented Mindset
• Strong Coordination and Networking Skills
• Ability to Deliver Quality Work Within Deadlines
• Ability to Coordinate Multiple Tasks and Work Under Pressure
HOW TO APPLY
Interested and qualified applicants are invited to submit:
• Updated CV
• Cover Letter
Application Emails:
Important:
Please clearly indicate the position title “Underwriting Officer” in the subject line of your email.
Only shortlisted candidates will be contacted.
To apply for this job email your details to uib.hiring@gmail.com
