Underwriter Consultant
4 days ago
Location
Johannesburg
**Job Purpose**
To provide underwriting function to internal and external stakeholders enabling Nedbank to achieve its business goals
**Responsibilities**:
- Underwrite in accordance with Nedbank policies and procedures.
- Monitor risk exposure in terms of Nedbank policies and procedures.
- Request surveys and implement requirements as per procedures.
- Action amendments and enquiries within service levels.
- Approval or rejection of escalated risks.
- Provide corrective underwriting on multi-claimants and claims profile of clients.
- Discussion with clients around risk mitigation and risk action on policies.
- Monitor departmental financial performance by analysing actual to budget variances.
- Ensure recovery of costs for services rendered by maintaining and monitoring the transfer pricing system.
- Minimise financial and reputational risk by ensuring accuracy of processing activities.
- Minimise operational costs by avoiding unnecessary expenditure.
- Provide feedback to internal and external stakeholders by generating and making available relevant reports and MIS.
- Meet and exceed internal and external client needs by timeously responding to queries and actioning the request within the Service Level Agreement (SLA)
- Ensure to follow through relevant tasks by monitoring and verifying the process flow till completion.
- Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers
- Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced, and certifications obtained and/or maintained within specified time frames.
- Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.
- Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
- Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies and systems.
- Ensure to verify and authenticate reports, data and transactions by physically extracting, generating and checking reports from the system.
- Prepare meeting packs and month end packs for management.
- Various other responsibilities relating to personal underwriting.
- Maintain and update the underwriting files and legal documents by saving electronic files on server or physical secure repository.
- Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.
- Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
Minimum Experience Level
- 5 years working experience as a Policy Administrator or Similar role within the Short-Term Insurance space in the Banking/Financial Services Industry.
- Minimum of 3 years’ experience as a personal lines underwriter.
- Must be able to work under pressure
- Excellent oral and written communication
- Computer literate in Microsoft office
Essential Qualifications - NQF Level
- Matric / Grade 12 / National Senior Certificate
Preferred Qualification
- Matric / Grade 12 / National Senior Certificate,
- RE 5, short term insurance qualifications
Type of Exposure
- Managing conflict situations
- Sharing information in different ways to increase stakeholders understanding
- Communicating internally and external
- Tracking cost against a budget
- Knowledge of processes and adherence
- Capturing data
- Drafting reports
- Working with spreadsheets
- Working in a fast-paced and changing environment
- Interacting with internal and external clients
**Technical / Professional Knowledge**
- Administrative procedures and systems
- Banking knowledge
- Banking procedures
- Business terms and definitions
- Data analysis
- Governance, Risk and Controls
- Nedbank policies and procedures
- Relevant regulatory knowledge
- Cluster Specific Operational Knowledge
- Medical and Financial Knowledge
- **_Please contact the Nedbank Recruiting Team at
+27 860 555 566
_
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