Underwriter Featured

JOB DETAILS

Job Title                                Underwriter

Job Type                               Fixed Term Contract

Department                        Strategy and Underwriting

Location – Town / City     Sandton

Job summary statement/purpose

• To perform underwriting administration tasks and assist in the implementation of underwriting rules and regulations.
• Reviewing terms and conditions of products on an ongoing basis.
• Handle queries and provide technical assistance to our brokers and Agents Support the underwriting department in conducting market research.

Minimum Requirements

• Minimum of an IISA qualification (or studying towards)
• RE 5
• Tertiary qualification advantageous
• Minimum of 4 years of experience in a similar role in a short-term insurance company

Duties and Responsibilities

KEY PERFORMANCE AREAS (DUTIES & RESPONSIBILITIES):

1. Underwriting Function

• Reviewing terms and conditions of products on an ongoing basis
• Reviewing rates annually
• Assist with documentation related to the underwriting plan
• Collating research on new products
• Updating of wordings and regulations
• Updating Excess of Loss information/ details
• Assist with the preparation of monthly underwriting reports for the Executive Manager
• Handle queries and provide technical assistance to our brokers and Agents Support the underwriting department in conducting market research.
• Review our regulations and policy wordings to ensure they remain relevant and up to date

2. Re-insurance function

• Assist in the preparation of treaty renewals
• Assist with preparing treaty renewal data
• Assist with the gathering of data as requested by the Actuarial department

3. Training

• Support Underwriting specialist in providing education through various platforms on products to clients/agents, ensuring basic understanding of company’s role in the market.
• Updating of training materials
• Updating and maintaining the underwriting library

4. Perform ad hoc tasks