Specialised Building Underwriter

Manpower

Johannesburg, Gauteng
Permanent
Full-time

16 days ago

The main purpose of the underwriting department is to evaluate the risk of insuring a particular person/ asset/ building/ business. The underwriter is responsible for accepting liability and setting the appropriate premium pricing for the insurance policy. The underwriter would furthermore decline unfavorable risks in accordance with the prescribed underwriting guidelines and policy wording.
Doing daily amendments to a client’s existing cover, as well as processing monthly/ non-monthly renewals of policies forms part of the day-to-day responsibilities of an underwriter.Responsibilities:General Underwriting

Endorsements/ Amendments on existing policies
Perform broker productivity on all brokers with outsourced/ binder agreements
Attending to all Broker queries within prescribed SLA’s and turn-around times
Action Renewals (monthly/ non-monthly)
Requesting Risk Surveys on new business and/ or existing business upon renewal stage and consider all relevant Risk Requirements to make informed underwriting decisions
Processing Corrective action based on claims history
Process cancellations in accordance with internal operating procedures and time frames
Endeavor to retain business wherever there is a risk of losing a profitable client
Providing quotes on existing policies upon a broker’s request for the addition/ removal of an item/ asset
Disciplined management of daily diary system

Requirements:

Matric
FETC (Further Education & Training Certificate) in Short Term Insurance – NQF 4 (150 credits)
Higher Certificate in Short Term Insurance – NQF 5 or higher – highly advantageous
Successfully passed RE 5 (Representative Exam)
Minimum five years relevant work experience in short term insurance underwriting (Specialised Buildings

products) * Computer literate – Microsoft Word, Excel, and Outlook.

Exposure to, or work experience on the TIAL Operating System (System A) – highly advantageous
Sound knowledge and understanding of relevant short term insurance policy wording (Multimark III and/ or

Personal Lines / All Risks policies) Please note only shortlisted candidates will be contacted

Manpower

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