Motor Analyst Underwriter – Bryte Insurance Company Limited

Our opportunity

The role of the Motor Analyst Underwriter is to assume overall underwriting responsibility for the commercial and personal motor portfolio with the explicit goal to support profitable growth.

Your role

 Key Tasks & Accountabilities

General

• Provide technical underwriting expertise and advice to internal staff, policyholders and intermediaries
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to internal customers.
• Understand, translate and champion the underwriting needs of intermediaries, staff and clients
• Identify underwriting trends and address pro-actively
• Develop market intelligence for benchmarking

• Handle referrals from underwriters for complex underwriting and pricing exceptions
• Negotiate, agree and manage motor underwriting mandates, with staff and brokers
• Assist with special commercial motor projects as and when it is necessary
• Do user acceptance testing with regards to development of new commercial motor underwriting functionality on the system
• Assist with transfer of skills to underwriters
• Do underwriting governance to ensure compliance with underwriting rules

Pricing specific

• Under general direction, support the pricing of new/renewal business, development of effective premium/rating structure, the formal Profitability Review process and development of strategies in support of business objectives.
• Provide support for management of profit margins on new and renewal business.
• With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analyses including analysis of loss and expense reserves as relates to pricing adequacy and strategic direction.
• Provide consultation and technical expertise on actuarial models and risk issues, and support Market Facing and Technical Underwriters on pricing decisions.

Your Qualifications and Experience

• University degree in mathematics or a related field
• Two years of experience in an actuarial environment
• Minimum of 2 years short-term insurance industry experience, specifically in Commercial and Commercial Motor underwriting

Knowledge

• Advance knowledge in MS Office: Word, Excel, PowerPoint, Outlook
• In depth knowledge and understanding of commercial policy wordings
• Expert knowledge in Motor fleet underwriting
• Extensive short-term insurance knowledge

Technical Skills

•  Basic knowledge of statistical and actuarial tools and techniques and ability to apply modelling processes and techniques to facilitate risk management decisions.
• In depth motor technical underwriting skills and knowledge
• Motor rating tools
• Ability to statistically analyse information and data
• Advanced numeracy skills
• Appreciation of insurance and underwriting principles
• Excellent communication and interpersonal skills

Additional Information

• This role is based at our office in Gaborone, Botswana
• Your application will only be considered should you meet the minimum requirements of the vacancy.
• If you have not received a response within 14 days from the closing date, please consider your application unsuccessful.
• The company reserves the right not to fill this position.