Job Description
VACANCY
CoopLife Insurance Limited, a growing life insurance company committed to providing reliable, customer-focused insurance solutions, invites applications from suitably qualified and experienced professionals for the following positions.
Assistant Manager – Underwriting
Job Responsibilities
- Evaluate and assess life insurance proposals in accordance with underwriting guidelines, policies, and risk standards.
- Review medical and non-medical underwriting information and determine appropriate risk classifications.
- Analyse medical reports, financial information, occupational details, and other relevant documentation.
- Recommend acceptance, postponement, rejection, exclusions, loadings, or other appropriate underwriting decisions.
- Ensure timely and accurate processing of new business and underwriting referrals.
- Liaise with branches, sales teams, medical professionals, reinsurers, and other relevant parties regarding underwriting requirements.
- Monitor underwriting quality and ensure compliance with company policies and applicable regulatory requirements.
- Assist in developing and improving underwriting guidelines, procedures, and risk assessment practices.
- Identify emerging underwriting risks and recommend appropriate mitigation measures.
- Prepare underwriting reports and management information as required.
- Guide and support junior underwriting staff and contribute to the continuous improvement of the underwriting function.
Qualifications & Requirements
- Bachelor's Degree in Insurance, Finance, Business Management, Actuarial Science, or a related field.
- Professional qualification in Insurance, such as CII/SLI, will be an added advantage.
- 3-5 years of relevant experience in life insurance underwriting, preferably with experience at supervisory or executive level.
- Sound knowledge of life insurance products, underwriting principles, medical underwriting, and risk assessment.
- Knowledge of reinsurance practices and relevant regulatory requirements will be an advantage.
- Strong analytical, decision-making, communication, and interpersonal skills.
- Excellent command of English, both written and spoken.
- Proficiency in MS Office, particularly Excel.
- High level of integrity, confidentiality, accuracy, and attention to detail.
Interested candidates are invited to forward their CVs with contact details to [email protected] or by registered post within 14 days of the publication of this advertisement.
COOP LIFE INSURANCE LIMITED
No. 455, Galle Road, Colombo 03.
Website: www.cooplife.lk
