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Insurance Examiner Resume Example

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INSURANCE EXAMINER
Summary
A Certify Bank Examiner and a dynamic finance professional with a strong background in Banking and Insurance Supervision, accounting, financial management, Insurance  and Risk Management; spanning more than 8 years as an Insurance Examiner and Insurance Underwriter specializing in financial planning, reporting and analysis and underwriting in both the private and public sectors.

Highlights
Financial analysis & Reporting
Risk management expertise
Detail-oriented
MS Office Suite
Comparable company analysis

Critical thinking
Valued team player
Resourceful
Invoice processing
Insurance processing

Experience
Central Bank of Liberia (CBL) Liberia Federal ReserveMonrovia, LiberiaInsurance Examiner01/2013 to 02/2017
  • ​Monitored the adequacy and appropriateness of insurance companies risk management systems, internal controls, corporate governance structure, and solvency margin;. 
  • Planned and executed onsite and offsite examinations of  Insurance  companies using the compliance and risk-based methodology effectively.
  • Executed account receivables reporting enhancement and reconciliation procedures as well as vetting aging analysis.
  • Analyzed financial and regulatory reports required by laws, regulations or boards of directors in a timely and effective manner.
  • Consolidated and vetted the quarterly and yearly Financials of insurance companies in Liberia
  • Generated several ratios from financial statements and advised senior management on appropriate supervisory actions.
  • Conducted Peer reviews, industry wide reviews as well as short and long term analysis.

    •  
    African Insurance Corporation of Liberia AICOLMonrovia, LiberiaManager Underwriting & Reinsurance07/2009 to 12/2012
    • Achieved notable successes in cost control, revenue generation and accurate Underwriting 
    • Expertly grew Underwriting portfolio by $500,000 thousand
    • Conducted cost, schedule, contract performance, variance and risk analysis of Property & Casualty, commercial, and Life Insurance policies.
    • Effectively Produced Property & Casualty, commercial, and Life Insurance policies.
    • Forecasted needs and adjusted future plans for Underwriting & Reinsurance periodically.
    • Prepared standard operating procedures for the department.
    • Implemented annual performance appraisals for the staff.
    • Adhered to all regulatory compliance guidelines for insurance underwriting
    • Analyzed applicants financial and risk status as well as, determined rate to charge if accepted.
    • Educated customers on the variety of insurance products and available premium options.
    • Provided financial analysis reports of underwriting to claims ratio and exceeded quarterly Underwriting goals by 39%.
    • Managed the Reinsurance profile of the company.
    African Insurance Corporation of Liberia AICOLMonrovia, LiberiaAssistant Underwriter02/2009 to 07/2009
    • Properly routed policies agreements, contracts and invoices through the signature process.
    • Managed daily office operations and maintenance of equipments.
    • Created and maintained spreadsheets using Excel functions and calculations to develop reports and client lists.
    • Prepared Endorsements, Renewal Endorsement, and Policies for Property & Casualty, commercial, and Life Insurance.
    • Filed documents for the Underwriting Department.
    • Conducted Risk assessment for Property & Casualty, and commercial Insurance purposes.
    • Prepared quotations for Property & Casualty, commercial Insurance and Life insurance businesses.

    African Insurance Corporation of Liberia AICOLMonrovia, LiberiaMarketing Department Head09/2008 to 03/2009
    • Prepared detailed marketing forecasts on a daily, weekly and quarterly basis.
    • Identified, developed and evaluated marketing strategies based on knowledge of company objectives and market trends.
    • Developed 4 four marketing strategies and campaigns each quarter. Collaborated with advertising and promotion managers to promote products and services. 
    • Developed innovative product solutions grounded in clear understanding of customer needs.
    • Designed advertisement Materials and insured that agents met their weekly and monthly target.
    • Calculated Life insurance premiums for agents and clients.
    Education
    MBA:Finance2014Cuttington University, Monrovia, Montserrado, Liberia
    Emphasis in Banking
    Bachelor of Science:Economics2008Cuttington University, Gbarnga, Suakoko, Liberia
    Emphasis in Management
    Micro Insurance Certificate2016Toronto Centre Global Leadership in Financial Supervision, Cairo, MENA Region, EgyptInclusive Insurance (Micro-insurance) Training Program for Supervisors in the MENA and SSA Regions, Toronto Centre Global Leadership in Financial Supervision, Access to Finance Initiative, International Association of Insurance Supervisors (IAIS), GIZ
    Advance Banking Supervision Certificate2013West African Institute for Financial and Economic Management (WAIFEM), Banjul, GambiaRegional Course on (Advance Banking Supervision) West African Institute for Financial and Economic Management (WAIFEM) in a collaboration with West African Monetary Zone (WAMZ) Banjul, The Gambia.
    Intermediate Banking Supervision Certificate2013West African Institute for Financial and Economic Management (WAIFEM), Lagos, NigeriaRegional Course on (Intermediate Banking Supervision ) West African Institute for Financial and Economic Management (WAIFEM) in a collaboration with West African Monetary Zone (WAMZ)
    Certification International Financial Reporting Standards (IFRS)2013KPMG, Monrovia, Montserrado, LiberiaReporting on International financial Reporting Standards and  financial analysis
    Foundation Banking Supervision Certificate2013West African Institute for Financial and Economic Management (WAIFEM), Lagos, NigeriaRegional Course on (Foundation Banking Supervision) West African Institute for Financial and Economic Management (WAIFEM) in a collaboration with West African Monetary Zone (WAMZ)
    Certification Reinsurance Accounting2012Ghana Reinsurance & United African Insurance Brokers UAIB Re, Monrovia, Montserrado, Liberia
    Certification Reinsurance Accounting2011United African Insurance Brokers (UAIB Re), Monrovia, Montserrado, Liberia
    Certificate Insurance Foundation Courses2010West African Insurance Institute College of Insurance and Risk Management., Banjul, Gambia
    Certificate Life Underwriting & Product Development2009Continental Reinsurance, Accra, Tessano, GhanaBasic Techniques in Underwriting & Product Development
    Certificate In House Insurance Training2009African Insurance Corporation of Liberia, Monrovia, Montserrado, Liberia
    Basics Insurance principles, underwriting and Risk management
    Property & Casualty, Commercial and Insurance
    Insurance & Risk Management2010West African Insurance Institute College of Insurance and Risk Management, Banjul, GambiaAdvance Diploma in Insurance and Risk Management
    Skills

    Accounting, Banking, clients service, Finance, Reinsurance, Financial Reporting, funds, Insurance, Leadership, team leader, marketing strategies,  Microsoft office, Policies, Product Development, Report writing, Risk assessment, risk management, Supervision, Underwriting, enthusiastic people person, advanced problem-solving, great organizational skills, great organizational skills Bank and Insurance Examination Compliance Base & Risk Base Examination

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    Resume Overview

    Companies Worked For:

    • Central Bank of Liberia (CBL) Liberia Federal Reserve
    • African Insurance Corporation of Liberia AICOL

    School Attended

    • Cuttington University
    • Toronto Centre Global Leadership in Financial Supervision
    • West African Institute for Financial and Economic Management (WAIFEM)
    • KPMG
    • Ghana Reinsurance & United African Insurance Brokers UAIB Re
    • United African Insurance Brokers (UAIB Re)
    • West African Insurance Institute College of Insurance and Risk Management.
    • Continental Reinsurance
    • African Insurance Corporation of Liberia
    • West African Insurance Institute College of Insurance and Risk Management

    Job Titles Held:

    • Insurance Examiner
    • Manager Underwriting & Reinsurance
    • Assistant Underwriter
    • Marketing Department Head

    Degrees

    • MBA : Finance 2014
      Bachelor of Science : Economics 2008
      Micro Insurance Certificate 2016
      Advance Banking Supervision Certificate 2013
      Intermediate Banking Supervision Certificate 2013
      Certification International Financial Reporting Standards (IFRS) 2013
      Foundation Banking Supervision Certificate 2013
      Certification Reinsurance Accounting 2012
      Certification Reinsurance Accounting 2011
      Certificate Insurance Foundation Courses 2010
      Certificate Life Underwriting & Product Development 2009
      Certificate In House Insurance Training 2009
      Insurance & Risk Management 2010

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