Job Description

Underwriter

Job Type

Fixed Term Contract 5 Months

Division

Stakeholder Management

Department

Strategy and Underwriting

EE Occupational Levels

Level 4 & 5: Skilled, Technical and Academically Qualified

Location - Town / City

Sandton

Location - Province

Gauteng

Location - Country

South Africa

Job Advert Summary

Job summary statement/purpose

To perform underwriting administration tasks and assist in the implementation of underwriting rules and regulations.

Reviewing terms and conditions of products on an ongoing basis.

Handle queries and provide technical assistance to our brokers and Agents Support the underwriting department in conducting market research.

Minimum Requirements

Qualifications

Minimum of an IISA qualification (or studying towards)

RE 5

Tertiary qualification advantageous

Experience

• Minimum of 4 years of experience in a similar role in a short-term insurance company

Duties and Responsibilities

KEY PERFORMANCE AREAS (DUTIES & RESPONSIBILITIES):

1. Underwriting Function

• 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

• 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 Companys 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 Companys products to clients/agents, ensuring basic understanding of the Companys 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

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