Job Purpose:
To underwrite all transactions assigned, within the set standards required by the company
Key Responsibilities:
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Approve risk selection within the boundaries of the specific product line Quote, accept and renew risks within the agreed guidelines of the service level agreement and within delegated mandates;
- Assist in placing risks that fall outside of the scope of our treaty reinsurance, into other markets locally and outside the country.
- Analyze qualitative and quantitative data prepared by brokers to provide approval for risk selection and acceptance, coverage and price.
- Recommend creative alternatives with regards to rating plans, coverage and payment plans
- Recommend or implement changes to improve productivity, profitability, growth and the quality of the assigned book of business.
- Ensure that policy transactions (quotes, new business, endorsements, renewals, post-loss, cancellations) tie issued and changes are recorded acci*ately and in a timely manner by rating and/or capturing transactions to the core business system
- Meet goals for volume and value of quality new business quoted and written within company guidelines.
- Market intelligence: Have a sound knowledge of underwriting principles in the industry.
- Innovation Participate with management in initiatives around product development, processes, policy anti strategy
Required Qualifications: The right candidate should have a University Degree in Insurance and Risk Management and/or any business-related degree. A COP in Slrort Term is a pre-requisite. The incumbent should have 5 yetis’ experience in a similar role. An Associateship in Insurance or any other insurance-related qualification accredited by IISA or CII is an added advantage.
Specialist underwriting experience on specific lines of products offered with at least 3-5 years’ experience including:
- Product knowledge
- Industry segmentation knowledge and applicable risk exposures
- Enquiring mind – seek out additional information in order to best understand a risk before underwriting such risk
- Underwriting procedure
- Insurance terminology
- Rating principles
- Risk Management
- Market knowledge (including competitors)
- Claims procedure
- Credit Control
- Reinsurance market, reinsurance and treaties
More Information
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JOB APPLICATION DETAILS
Interested candidates tie advised to apply in writing with a detailed CV and copies of relevant certificates to the address below:
Email: [email protected]
Closing date: 3rd September. 2019
- This job has expired!
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