Specialist Underwriter Cape Town and Pretoria Verfied

Salary Negotiable Not Specified more than 14 days ago 26-05-2017 4:01:21 PM
23-06-2017 4:01:21 PM

Specialist Underwriter Pretoria and Cape Town

VACANCY

SPECIALIST UNDERWRITER

PRETORIA AND CAPE TOWN

What will you be responsible for?

Responsible for risk evaluation, pricing and selection / rejection of renewal business for all assigned accounts within the portfolio

Research problems and take initiative in recommending solutions for customer and financial issues that will enable the organization to profitably accept the risk that our policies cover

What will you be doing on a day to day basis?

  • Responsible for risk evaluation, pricing and selection / rejection of new and renewal business for all assigned accounts within the portfolio

  • Perform risk and contract evaluation on renewal business using rating guidelines, industry and occupational classifications, financial statements, manual rating, experience information (e.g. premium, claims, reserves, and rate history and average exposure) for all assigned accounts.

  • Determine required premium level based on experience and manual rates, plan design, services, and competitive information in accordance with organizational guidelines.

  • Demonstrate a high degree of knowledge regarding underwriting quantitative and qualitative tools and communicate the outcomes clearly to Sales and Claims functions.

  • Research all problems and risk related issues by using initiative in problem solving that involves management in decision making as necessary.

  • Responsible for monitoring profitability as measured by loss ratio improvement

  • Complete semi-annual and ad hoc profitability analysis for all assigned cases and provide summary of analysis to management and Sales.  Analysis to include but not limited to action plans for moving accounts to profitability and complete assessment of claim trends and services.   Analyze all necessary historical account information.

  • Determine renewal terms including required premium level and policy plan change recommendations and deliver complete renewal package to Sales according to organizational department guidelines. Accountable for the accuracy and completeness of all renewal data

  • Negotiate all subsequent appeals with Sales regarding premium levels and policy plan provisions and involve appropriate people in decision making and negotiating as necessary.

  • Participate in interdepartmental discussions between Sales, Claims and Underwriting on renewal business issues and make recommendations regarding policy plan provisions and claims and administrative procedures.  Communicate recommendations to Sales for delivery to customer.

  • Review all customer and Sales requests for policy and plan changes.  Determine contract and pricing changes necessary according to underwriting guidelines and use independent judgment.  Negotiate with Sales subsequent appeals and manage changes according to organizational procedures.

You will be responsible to ensure:

  • Continuous improvement to ensure effective service

  • Ensure statutory and legislative knowledge is always current in order to resolve customer complaints, to advise the business on corrective solutions to mitigate risks and to improve the customer experience whilst complying with governance requirements.

  • Ensure adherence to organizational policies, practices and procedures.

  • Identify solutions to enhance cost effectiveness and increase operational efficiency

  • Service delivery to ensure customer satisfaction

  • Maintain service, quality and desired outputs within a specific functional process through ensuring compliance to tactical policies, procedures and standards.

  • Establish productive operational relationships with key stakeholders in the various channels and administrative teams.

  • Develop work routines in line with operational plans / schedules in order to manage achievement of service delivery goals.

  • Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.

  • Cost control and governance adherence

  • Proactively ensure use of time, of resources, money, materials or equipment is in line with policies and procedures.

  • Comply with corporate governance policies, procedures and standards.

  • Operate within agreed mandates.

What minimum requirements do we need to read about in your CV?

  • Bachelor degree and/or equivalent NQF Level 7 qualification in general insurance

  • 5 – 8 years’ experience in commercial underwriting

Recruitment Process:

  • Communication will only be with shortlisted candidates

  • CV:  word format

  • Copies:  ID, Payslip and certs

  • Consultant:  ****@*****.***

 

Ref: CT000455/GS