Underwriting Consultant

SUMMARY:
-

POSITION INFO:

Our client, a dynamic and vibrant player in South Africa’s financial services, is seeking a Underwriting Consultant join their team.

Location: Johannesburg - Sandton

Job type: On-site

Duties and Responsibilities

• Receive underwriting requirements from clinical
• Synopsis the requirements received and use internal and external guides to make the final decision regarding cover
• Underwriting of new business policies, group risk policies and servicing cases
• Communicate with Financial advisors and distribution specialist regarding decision making for underwriting
• Handle queries regarding premiums
• Assess risk on life cover, serious illness cover, Disability cover
• Adhering to Risk Management (underwriting) rules, rating, and insurance laws and regulations
• Make decisions regarding the acceptance, price and policy terms and condition that are consistent with business Risk Management and ensuring a profitable loss ratio.
• Manage and resolve queries received from various stakeholders including doing the necessary follow up
• Develop and maintain effective working relationships with internal and external customers.

Minimum Requirements

• Minimum 2-3 years’ experience as a life insurance medical underwriter
• Experience in Individual life insurance product i.e. Life cover, Permanent Disability cover, Temp Income Cover and Critical Illness
• Sound Business and Operational knowledge of Insurance Industry administrative processes
• Good knowledge of the business administration platforms
• Familiar with Compliance Processes and Procedures in the Insurance Industry
• Experience in underwriting temporary (income protector) and permanent disability, critical illness as well with signing authority (Essential)
• Decline excessive risks or impose additional conditions or increase premiums for high risk
• MS Office and PC literate
• Accurate Typing Skills

Skills Required

• Excellent verbal and written communication skills
• Ability to pay attention to detail as accuracy is important
• Interpersonal skills
• Able to multi-task and manage multiple priorities
• Ability to operate effectively under pressure
• Task and deadline orientated
• Analytical mind and above average problem solving techniques

Should you wish to be considered for this opportunity, please apply directly to the advertisement. Should you not hear back from us within 2 weeks of application, kindly consider your application as unsuccessful