Underwriting Consultant - Long-Term Insurance (Medical Qualification)

Our client, a dynamic Financial Services Life Assurer Sandton seeks to employ an Underwriting Consultant

What you will be doing if you get the job:

As a member of the clients’ team the primary focus of your role will include driving the formulation and implementation of the risk model and claims philosophy, analysis of claims and other data to recommend and implement changes to the risk model, sanctioning new risk strategies, managing relationships and policies with the reinsurers, creating training material and educate risk consultants on industry trends, standards and risk management skills, assisting with the definition of operational processes related to risk management.  Your role may change from over time, depending on your performance, your needs and the business’s needs.

Who you will report to:

You will be based at our client’s office in Sandton Johannesburg reporting to the Team Leader - Underwriting Back Office, who is accountable for the Company’s Life Policy Underwriting functions.

Your Qualifications:

- Matric/Grade 12 (Essential)

- Relevant Tertiary Qualification, a medical diploma/degree beneficial

Long term insurance experience essential

Your Outputs (include but is not limited to):

• 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 etc
• Adhering to Risk Management (underwriting) rules, rating and insurance laws and regulations
• When assessing cover, use the following rule financial, medically, residential and family history underwriting
• Make decisions regarding the acceptance, price and policy terms and conditions that are consistent with business Risk Management and ensuring a profitable loss ratio
• Manage and resolve queries received from the various stakeholders including doing the necessary follow up work
• Develop and maintain effective working relationships with internal and external customers
• Communicate openly and within a timeframe
• Decline excessive risks or impose additional conditions or increase premiums for high risk.

Your experience :

• Minimum 5 years experience as a life insurance medical underwriter (Long Term)
• Experience in individual life insurance product (e.g. Life Cover, Permanent Disability Cover, Tem 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 a well with signing authority (essential)

Your Skills and Character Traits:

• MS Office and PC Literacy
• Accurate Typing skills
• Excellent verbal and written communication skills
• Quality driven
• Ability to pay attention to detail as accuracy is important
• Using effective interpersonal skills to resolve conflict situations
• Ability to work effectively with others and contribute to team task accomplishment
• Ability to multi-task and manage multiple priorities
• Have the ability to operate effectively under pressure
• Task driven and deadline orientated
• Analytical mind and above average problem solving techniques

• Strong sense of ownership
• Proactive and innovative
• Relationship Management

The Company is offering a competitive package with excellent growth opportunities