Junior Underwriting Analyst @ EFU Life Assurance Limited

Job Summary

Job Summary

We are seeking a sharp, analytical, and detail-oriented Business Graduate to join our Underwriting Team. In this role, you will evaluate risk, analyze financial data, and help make critical decisions on whether to accept or reject applications. This is a career-defining opportunity for a fresh graduate with a "business mind" to apply critical thinking in a real-world financial context.

Role and Responsibilities

Risk Assessment & Analysis

• Review and analyze insurance applications to determine the degree of risk involved.
• Scrutinize financial statements and background information to spot "red flags" or inconsistencies.
• Apply critical thinking to calculate potential exposure and recommend appropriate premiums or terms.

Decision Making & Problem Solving

• Assist senior underwriters in making data-backed decisions on complex cases.
• Solve problems by finding ways to structure deals that might be risky but profitable (within guidelines).
• Ensure all decisions comply with company policies and regulatory standards.

Communication & Documentation

• Communicate clearly with brokers, agents, or internal sales teams to explain the rationale behind underwriting decisions.
• Prepare clear, concise reports summarizing risk factors for management review.
• Maintain accurate records of all policies and decisions for audit purposes.

Required Skills

• Analytical Mindset: You must be comfortable working with numbers, ratios, and data trends.
• Critical Thinking: The ability to look beyond the surface of an application and ask "What could go wrong?"
• Communication: You need to be able to say "No" or "Yes" diplomatically and back it up with logic.
• Tech Savvy: Proficiency in Microsoft Office (specifically Excel) is required for data modeling.