Life Underwriter

7 days ago


Johannesburg, Gauteng, South Africa FirstRand Full time
Job Description

Dear Future, Life Underwriter

Are you someone who can:

  • Manage medical, occupation, part
- time activities, travel & Financial Underwriting standard and substandard cases for: Disability and Critical Illness Underwriting, Income Protection, Business Cover, Group Risk, Alterations & Queries

  • Ensure placement of cases according to reinsurance treaty and internal guidelines
  • Liase with planners/ Business Development Manager on special terms, queries, presales and underwriting refreshers sessions with the front liners
  • Ensure resolution of underwriting enquiries & cases
  • Participate Chief Medical Officer sessions and other Underwriting training presentations (i.e, Case Studies, Sales training)
  • Ensure Underwriting medical queries and tasks allocated are resolved timely and effectively by providing first time resolution on enquiries.
  • Ensure accurate completion of documentation as per departmental guidelines to meet client needs and effectively utilise IT systems to ensure accuracy of documentation.
  • Ensure adherence to organisational best practice and legislative requirements. Adhere to policies and procedures and take corrective action where necessary.
  • Ensure all risks to the company are mitigated, identified and escalated where necessary.
  • Maintain product knowledge to respond to customer queries effectively and accurately.
  • Stay abreast on industry regulations, trends and best practices in underwriting.
  • Approve and countersign cases above the acceptance limits of the underwriter.
  • Provide fair and balanced underwriting decisions using the appropriate amount of evidence necessary
  • Minimum: Grade 12 (NQF Level 4)
  • Preferred qualification: Relevant undergraduate degree and Fit & Proper requirements for long term insurance category B1 for advice
Years of proven experience as an underwriter in the life insurance industry

  • A proven working knowledge of Lump Sum Disability and Critical Illness, Income Protection, Business Cover and Group Risk
  • Knowledge of insurance products, regulations, and underwriting guidelines and current practices
  • Experience working with underwriting systems and tools
  • Be competent in interpretation of doctors' reports, medical results and risk linked to abnormalities of these.
  • Assessment of medical, financial & occupational underwriting risk of an organisation.
  • Proven experience as an underwriter in the life insurance industry

You will have access to:

  • Opportunities to network and collaborate
  • A challenging working environment
  • Opportunities to innovate

We can be a match if you are:

  • Adaptable and curious
  • Have a proven successful sales track record.
  • Thrive in a collaborative environment
  • Are you interested to take the step? We look forward to engaging with you
Job Details

Application Closing Date

23/05/24
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