Insurance Underwriter Job Vacancy in Enugu, Nigeria – Insurance and Financial Services

Job Description

Position: Insurance Underwriter

Company: AXA Mansard Insurance

Location: Enugu, Nigeria

Experience: 3-5 years

Education: Bachelor’s degree in Finance, Economics, or related field

Employment Type: Full-time

Industry: Insurance and Financial Services

Department: Underwriting

Salary: SSP 2,500,000 – SSP 4,500,000 per annum

Vacancies:1

Company Overview

AXA Mansard Insurance is a leading provider of comprehensive insurance solutions in Nigeria, offering a wide range of products that include life, health, motor, and property insurance. With a strong commitment to customer centricity, innovation, and risk management excellence, AXA Mansard has built a reputation for reliability and trust across the Nigerian market. The company operates under the global AXA brand, leveraging international best practices while tailoring solutions to the unique needs of the Nigerian economy. As part of its growth strategy, AXA Mansard is expanding its underwriting team in Enugu to support increasing demand for tailored insurance products, creating exciting career opportunities for professionals seeking to make a meaningful impact in the insurance sector. This role contributes directly to the company’s mission of protecting individuals, families, and businesses, and aligns with the broader goal of fostering financial security and resilience throughout Nigeria.

Job Overview

The Insurance Underwriter will be responsible for evaluating risk, pricing policies, and ensuring that the underwriting guidelines are adhered to while maintaining profitability and compliance. This position involves close collaboration with sales agents, actuaries, and claims teams to develop customized insurance solutions that meet client needs and align with the company’s risk appetite. The successful candidate will play a pivotal role in driving the growth of AXA Mansard’s portfolio in the Eastern region, contributing to the broader objectives of market expansion and customer satisfaction. This role offers a dynamic environment where analytical rigor, strategic thinking, and strong communication skills are essential.

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Key Responsibilities

• Assess and analyze insurance applications, including financial statements, credit reports, and risk factors, to determine eligibility and appropriate coverage.
• Develop and recommend pricing structures that balance competitiveness with profitability, adhering to AXA Mansard’s underwriting guidelines.
• Collaborate with sales agents and brokers to gather necessary information, clarify policy terms, and provide expert advice on risk mitigation.
• Prepare detailed underwriting reports and documentation for senior management review and regulatory compliance.
• Monitor and manage the performance of underwritten policies, identifying trends and recommending adjustments to pricing or terms as needed.
• Stay updated on industry regulations, market trends, and emerging risks to ensure the underwriting portfolio remains robust and compliant.
• Participate in cross‑functional meetings with actuarial, claims, and product development teams to enhance product offerings.

Required Skills

• Strong analytical and quantitative abilities with proficiency in risk assessment tools.
• Excellent written and verbal communication skills for interacting with clients and internal stakeholders.
• Proficiency in underwriting software and Microsoft Office Suite, especially Excel.
• Attention to detail and ability to work under tight deadlines while maintaining accuracy.
• Negotiation skills to balance client needs with company risk appetite.
• Knowledge of Nigerian insurance regulations and market dynamics.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications or equivalent are advantageous but not mandatory.

Experience

Applicants should have 3 to 5 years of experience in insurance underwriting, preferably within the Nigerian market. Experience in commercial lines, property, or motor insurance is highly valued.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,500,000 per annum, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the total rewards structure.

Benefits

• Comprehensive health insurance for employee and dependents.
• Retirement savings plan with company matching contributions.
• Paid annual leave, sick leave, and public holidays.
• Professional development allowance and support for certifications.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering AXA Mansard’s underwriting policies, systems, and compliance standards.
• Continuous learning workshops on emerging risks, new product lines, and regulatory updates.
• Mentorship opportunities with senior underwriters and actuarial experts.

Working Environment

The role is based in AXA Mansard’s modern Enugu office, featuring a collaborative open‑plan layout, private meeting rooms, and state‑of‑the‑art technology infrastructure. The company promotes a culture of inclusivity, innovation, and work‑life balance, encouraging employees to contribute ideas and take ownership of their professional growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the AXA Mansard careers portal. Shortlisted applicants will be contacted for an initial phone interview, followed by a technical assessment and a final face‑to‑face interview with the underwriting leadership team.

Equal Opportunity Statement

AXA Mansard Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment without regard to any protected characteristic.