Insurance (Domestic) Underwriter

SUMMARY:
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POSITION INFO:

Key Responsibilities:

• New business to be activated on system, within 1 day, following approval from the Insurer/Binder Manager.
• Ensure all Compliance Documents are on file, if not, query must be created in Diary and referred to Line Manager.
• New Business sent to insured within 31 days of inception. New Business must include policy schedule, disclosure notice, policy wording and compliance documents signed by policyholder.
• Send out renewal listing to broker/s 3 months in advance.
• Prepare/Request Terms from Insurers 60 days prior to renewal date.
• Renewal schedules are to be sent to policy holder 31 days prior to renewal date. Inclusive of disclosure notice, policy wording and adjustments made to the policy.
• Phone the insured prior to the forthcoming renewal's debit order collection cut off. Broker Renewals: ensure renewal meeting diary entry in broker's Flexi diary 60 days in advance.
• Ensure current Letter of Appointment and Debit Order Authority on file.
• Amendments completed within 3 days or before close-off, whichever is the lesser.
• Acknowledge receipt of instruction to amend from policyholder on the same day the request is received.
• All Cancellations related requests sent to broker, branch manager and emailed within 1 hour of
  receipt from policyholder/ alternative broker. Cancellation procedure to be adhered to.

Minimum Requirements:  

• RE5
• NQF4 in short-term insurance qualification
• Minimum 3 years' experience in domestic underwriting
• Familiarity with underwriting guidelines and regulatory requirements.
• Insurance regulatory knowledge.
• Computer Skills

 

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