Job Description

Position: Underwriting Consultant
Salary: Market related
Location: Sandton, Johannesburg
Job type: Permanent
Industry: Financial Services / Insurance
Reference Number: MJ.UC.BR.15082025
COMPANY DESCRIPTION:
Our client is a dynamic and vibrant player in South Africa's financial services industry with their head office based in Sandton. They are looking for an experienced Underwriting Consultant to join their team as soon as possible.
JOB DESCRIPTION:
As a member of their 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 over time, depending on your performance, your needs and the business' needs.
MAIN DUTIES & 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 etc.
• 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 rate.
• Manage and resolve queries received from various stakeholders including doing the necessary follow up work.
• Develop and maintain effective working relationships with internal and external customers. Communicates openly and within a timeframe

EDUCATIONAL REQUIREMENTS:

• Grade 12 (Essential)
• Relevant tertiary qualification; a medical diploma/degree beneficial

EXPERIENCE AND SKILLS REQUIRED:

• 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
• 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 and deadline orientated
• Analytical mind and above average problem solving techniques
• Strong sense of ownership
• Pro-active and innovative
• Relationship Management

TO APPLY FOR THE POSITION, PLEASE FOLLOW THE LINK BELOW:
https://www.careers-page.com/the-globevest-group-2/job/7XYX9X95
POPIA
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We endeavour to reply to each and every application, however, should you not hear back from us within 14 days please consider your application unsuccessful.