Assistant Underwriter - Job Details

Job in 'Financial' discipline and 'Accountant' category


Advertised Details
Job title: Assistant Underwriter
Reference code: IT010029
Job category: Accountant
Position status: Filled Min Salary (p/m): R25000
Position type: Permanent Max Salary (p/m): R30000
City: melville  
Description
Key function is to support the Underwriting Manager in a varied role. Provide support to Commercial Sales Consultants regarding Underwriting decisions and Risk Management thereby influencing and ensuring that we meet sales and profitability targets for the Business Insurance Division, ultimately contributing to the overall company strategy.
Skills Required
Ensure proper understanding and utilisation of technical underwriting matters which would include setting of appropriate premiums, excesses, risk recommendations, risk requirements and other terms and conditions that would positively influence sales.
Provide technical training on an ad hoc basis, if required.
Continuously improve the effectiveness of the Underwriting Process to support Sales.
Assist with the development of new products.
Have a working understanding of Motor and Non-Motor products, including Niche products.
Assist with claims queries relating to policy interpretation and bring to attention of Underwriting Manager.
Prepare detailed quotes for Brokers and other business partners.
Use discretion to make Underwriting decisions within certain mandates as determined by the Underwriting Manager.
Liaise with business partners, brokers and other clients when necessary to give advice and/or suggest alternate insurance solutions.
Additional
5 to 10 years’ experience in an Underwriting role.
Minimum 60 Fais credits.
Insurance Diploma would be an advantage.
Insurance company experience would be an advantage.
Experience with rating of Motor and Non-Motor risks would definitely be an advantage.

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