Lets Write Africa’s Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
To assess, price and determine terms for risks presented within set standards of service in a manner to ensure quality selection of risks and enforce underwriting controls, implement underwriting guidelines, processes, and procedures to ensure quality underwriting and business
PRINCIPAL ACCOUNTABILITIES.
- Determine acceptability of risks to ensure that risks onboarded are within the set underwriting guidelines and are covered under the reinsurance Programme.
- Providing technical advice/support to junior staff on rating and underwriting of complex risks to ensure safe profitable distribution of risk.
- Managing underwriting processes like business onboarding, completeness of onboarding documents, risk surveys and valuations, policy documents issuance, certificates management, cancellations, and refunds.
- Providing technical support and input on product development and business innovation initiatives to ensure continuous review of existing products to meet changing market needs.
- Review and approval of risk pricing and quote requests.
- Response to daily operational queries from customers to ensure smooth operation and efficient customer experience within the stipulated turnaround times.
- Auditing and monitoring compliance levels on various compliance issues such underwriting documentation, risk cessioning in the system and compliance with filled and reinsurance rates.
- Review and approval of policy schedules and documents to ensure accuracy, clarity, and correctness of the same.
KNOWLEDGE AND EXPERIENCE.
Qualifications:
- Degree in insurance, actuarial or business related.
- Professional qualification (CII or IIK) or good progress
Experience:
- Minimum 5 years’ experience
SKILLS AND COMPETENCIES.
- Sound Technical Underwriting skills.
- Intensive and extensive product knowledge
- Good analytical skills
- Customer service skills
- Good Communication Skills
- Computer Literate with good knowledge of Excel
KEY RESULT AREAS & PERFORMANCE INDICATORS
- Preparation of quotations and follow-up
- Preparation of documents – policies, endorsements, certificates within standards of service
- Renewal notices and renewal terms including renewal follow-up.
- Review of performance of accounts to ensure overall performance is below 45%.
- Maintenance and accounting for accountable documents.
- Signing of documents within authority levels.
- Completion of reinsurance cards for large risks.
- Ensure the SOP standards are upheld in the department and report any issues of non-compliance.
- Ensure payment requisitions are processed immediately when presented.
- Ensure quotations, including those done by Assistant underwriters are competitive.
Skills
Education
Closing Date
12 July 2024
The Old Mutual Story!