Executive Officer-Underwriting & Policy Issuance Department

Rozeegpt; Karachi Division; On-site; PKR 600,000 - 1,200,000; Full time

Job summary

EFU Life Assurance Ltd. is seeking a detail-oriented Executive Officer for the Underwriting & Policy Issuance Department to assess risks and review applications.

The role focuses on timely policy issuance, compliance with underwriting guidelines and regulatory standards, and maintaining thorough documentation. The candidate should have 1–3 years of underwriting or policy issuance experience and a related degree.

Qualifications

• Bachelor's or Master's in Business Administration or related field.
• 1–3 years of underwriting or policy issuance experience.
• Strong analytical, detail-oriented and communicative abilities to coordinate with internal teams.

Responsibilities

• Assess insurance applications and associated risks per underwriting guidelines to determine coverage and terms.
• Review documentation for accuracy, completeness, and regulatory compliance.
• Evaluate risk factors and make recommendations on policy acceptance and conditions.
• Coordinate with internal departments to facilitate efficient policy issuance processes.
• Maintain underwriting records for audit and reporting purposes.
• Prepare detailed reports and provide updates to management on underwriting activities and risk assessments.
• Support underwriting and policy issuance teams by addressing queries in a timely manner.
• Continuously monitor data to improve underwriting accuracy and policy issuance efficiencies.
• Implement best practices and refine underwriting processes to enhance risk management and customer satisfaction.

Skills

Analytical skills

Attention to detail

Communication skills

Education

Bachelor's or Master's in Business Administration

Job description

EFU Life Assurance Ltd. is seeking a detail-oriented and analytical Executive Officer to join the Underwriting & Policy Issuance Department. This role focuses on assessing risks, reviewing insurance applications, and managing the accurate issuance of policies in strict compliance with underwriting guidelines and regulatory standards. The Executive Officer plays a crucial part in evaluating risk factors, coordinating processes to ensure timely policy issuance, and maintaining thorough documentation to support underwriting decisions, thereby contributing to the company's risk management strategy.The ideal candidate holds a Bachelor's or Master's degree in Business Administration or a related field and has between one to three years of experience in underwriting or policy issuance, preferably within the insurance sector. This role requires strong analytical skills, keen attention to detail, and effective communication abilities to coordinate with internal teams and ensure adherence to insurance policies and compliance requirements. The Executive Officer operates independently without direct team management responsibilities but collaborates closely with various departments to resolve underwriting-related queries and improve operational efficiency.

Responsibilities

• Assess insurance applications and associated risks in accordance with established underwriting guidelines to determine appropriate coverage and terms.
• Review documentation for accuracy, completeness, and compliance with company policies and regulatory requirements.
• Evaluate risk factors thoroughly and make informed recommendations regarding policy acceptance and conditions.
• Coordinate with internal departments to facilitate efficient and accurate policy issuance processes.
• Maintain strict adherence to underwriting policies, procedures, and regulatory compliance standards to mitigate risks.
• Keep comprehensive and precise underwriting records and documentation for audit and reporting purposes.
• Prepare detailed reports and provide regular updates to management and stakeholders regarding underwriting activities and risk assessments.
• Support the underwriting and policy issuance teams by addressing and resolving any related queries in a timely manner.
• Continuously monitor and analyze data to improve underwriting accuracy and policy issuance efficiencies.
• Implement best practices and assist in refining underwriting processes to enhance risk management and customer satisfaction.