Underwriter, Sandton, Remuneration Package Neg

SUMMARY:
short-term insurance underwriter

POSITION INFO:

Our client is a State-Owned Company operating in the Insurance sector and is based in Sandton; they require the services of the Claims Service Underwriter.

The Underwriter will perform underwriting administration tasks and assist in the implementation of underwriting rules and regulations.

THIS IS A PERMANENT POSITION.

Key Performance Areas  

1. Underwriting Function

• Completion of quotations for WRAP cover with follow through to binding of coupons.
• 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.
• Liaise with Finance department to ensure that Excess of Loss premium balances to the Insurance Management System (IMS).
• 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 The Company 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 The Company’s products to clients/agents, ensuring basic understanding of The Company’s role in the market.
• Updating of training materials.
• Updating and maintaining the underwriting library.

4. Perform ad hoc tasks

• Perform any reasonable tasks as and when required by the Line Manager..

Required Qualifications and Experience:

• 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.
• Knowledge

Remuneration:

A competitive remuneration package will be negotiated will be negotiated with the successful candidate. The company offers attractive benefits including contributory medical aid, provident fund, medical scheme, and education assistance.   

How to apply:

Please e-mail your CV to Colin Khomeliwa. The title of the position you are applying for must appear in the subject line of the e-mail. The Closing date for applications is Wednesday 23 June 2021.

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