Underwriting Consultant

3 weeks ago


Sandton, South Africa Moving Heads Personnel Full time

**Underwriting Consultant**

**Sandton**
- Driving the formulation and implementation of the risk model and claims philosophy, analysis of claims and other data to recommend and implement changes to the risk model.
- Sanctioning new risk strategies, managing relationships and policies with the reinsurers, creating training material and educate risk consultants on industry trends, standards and risk management skills, assisting with the definition of operational processes related to risk management.
- Receive underwriting requirements from clinical
- Synopsis the requirements received and use internal and external guides to make the final decision regarding cover
- Underwriting of new business policies, group risk policies and servicing cases
- Communicate with Financial advisors and distribution specialist regarding decision making for underwriting.
- Handle queries regarding premiums.
- Assess risk on life cover, serious illness cover, Disability cover etc.
- Adhering to Risk Management (underwriting) rules, rating, and insurance laws and regulations
- When assessing cover, use the following rule financial, medically, residential and family history underwriting
- Make decisions regarding the acceptance, price and policy terms and condition that are consistent with business Risk Management and ensuring a profitable loss ratio.
- Manage and resolve queries received from various stakeholders including doing the necessary follow up work.
- Develop and maintain effective working relationships with internal and external customers.
- Grade 12 (Essential)
- Relevant tertiary qualification; a medical diploma/degree beneficial
- Min 2-3 years experience as a life insurance medical underwriter
- Experience in Individual life insurance product ie Life cover, Permanent Disability cover, Temp.
- Income Cover and Critical Illness.
- Sound Business and Operational knowledge of Insurance Industry administrative processes
- Familiar with Compliance Processes and Procedures in the Insurance Industry
- Experience in underwriting temporary (income protector) and permanent disability, critical illness as well with signing authority (Essesntial)
- Decline excessive risks or impose additional conditions or increase premiums for high risk.

28.2kb

**Job Types**: Full-time, Permanent

**Education**:

- Bachelors (preferred)



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