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Assistant Underwriter

Published on 14.01.2022

Company

Website : https://www.oldmutual.co.zw/
Industries :
Banking, insurance, finance
Job ads : See our Job Ads
Old Mutual is a diversified international financial services group listed on the stock exchange in London, South Africa, Malawi, Namibia and... read more

Job Ad & Profile Description

Position : Assistant Underwriter

We are looking for an  Assistant Underwriters.To assist in the administration and the control of the company’s underwriting and reinsurance operations to ensure profitable, quality and timely service.

    Job Purpose 

      Principle Accountabilities

      • Ensure quotations for standard risks are accurately prepared and issued within 24 hours of receipt of request
      • Ensure renewal notices are accurately prepared and issued to account managers within 60 days of renewal date
      • Accurate and timely processing of new, renewal and extra endorsements on the core systems and ensuring the same has been integrated in SMART for medical business
      • Acknowledge queries on email within 24 hours and ensure that conflicts and disputes are resolved within 7 days
      • Issue policy documents for retail clients within 24 hours and within 7 days for corporate clients
      • Carry out risk surveys and assessments and for accepted risks within 24 hours for motor risks and within 5 days for non-motor risks
      • Debit premiums accurately within 72 hours of cover confirmation
      • Ensure instructions to add subject matters, delete subject matters or raise additional endorsements are executed immediately subject to full documentation
      • Ensure that underwriting files are well documented and all communications and transactions recorded and debited as per standards of service.
      • Adherence to the provisions of the underwriting manuals and rating guides
      • Support the distribution team in new business acquisition and client service team in retention of existing business and cross selling
      • Ensuring that systems and procedures covering underwriting operations are adhered to.
      • Ensure that the in house standards of service and authority matrices are complied with.
      • Support the credit control function by ensuring that business to be processed is fully paid for or has an approved payment plan.
      • Prepare and share monthly reports to assist in decision making
      Required profile for job ad : Assistant Underwriter

      Knowledge And Experience

      Qualifications:

      • A Bachelor’s Degree in Business
      • Pursuing CII qualifications or Similar Qualifications
      • At least 3 Years within an insurance environment in underwriting

      Skills And Competencies

      • Good communication skills Resilience.
      • Current in political, and social affairs
      • Computer literate
      • Diplomacy and tact
      • Honesty and integrity
      • Good assessment and analytical skills
      • Ability to interact at all levels
      • Knowledge of the insurance market

      Job  Challenges 

      • Ensuring quality and profitable business growth
      • Competition in an unevenly regulated market
      • Price undercutting
      • Lack of appreciation of insurance in the South Sudan market

      Environment 

      • CESIRA regulations
      • Credit control restrictions
      • Competition

      Relationships 

      Reporting  To: Senior Underwriter

      Reporting  To: Job holder:

      Other Contacts :

      Within the Company:

      • All Departments

      Outside the Company:

      • Intermediaries- Brokers & Agents
      • Reinsurance Companies and Reinsurance Brokers
      • Risk assessors and Surveyors
      • Insurance Regulatory Bodies
      Job criteria for job ad : Assistant Underwriter
      Job category :
      Public buildings and works professions
      Secretarial work, assistantship
      Industries :
      Services other
      Employment type :
      Permanent contract
      Region :
      Aweil - Bentiu - Bor - Juba - Kuajok - Malakal - Rumbek - Torit - Wau - Yambio
      Experience level :
      2 to 5 years
      Educational level :
      Bachelor
      Number of Position(s) : 8

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