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Underwriter

3 months ago

Klerksdorp, South Africa Senwes Ltd. Full time

**PURPOSE OF THE JOB**:
Ensure correct and effective administration and underwriting of policies.

**DUTIES AND RESPONSIBILITIES OF THE JOB**:

- Distribute received requests for new business & general amendments.
- Issuing of quotes as per insurer’s mandate (determine rates/premiums).
- Issue new policy or update existing policies as per request.
- Compare quote/request with actual system.
- Verify correctness of transaction.
- Correspond with broker/assistant.
- Send confirmation of updates.
- Attend monthly mid-term adjustment committee meetings.
- Attend monthly renewal committee meetings.
- Analyze data (premium vs loss ration/multi claimants).
- Determine additional underwriting per policy.
- Correspond adjustments with brokers.
- Send correspondence to the insured regarding mid-term adjustments done.
- Determine additional underwriting per policy where necessary.
- Ensure thorough record keeping.
- Issuing of credit note/debit note/ request for EFT.
- Send correspondence regarding outstanding annual premiums/pro rata premiums.
- Cancellation of policies/endorsements when payment of outstanding annual premiums/pro rata premiums are not received.
- Send credit note, etc. to finance.
- Unpaid premiums:? Verify transaction

? Send notification of unmet premium to client/broker/assistant

? Receive correspondence regarding cash payments

? Send notification of cash payment to finance department for processing
- Do ad hoc functions as require.
- National Senior Certificate (FAIS, RE5 and/or relevant insurance qualification will receive preference).
- 2 Years' experience in a short-term insurance environment.- Kindly note that a consumer credit record will be requested in respect of all appointments which involve dealing with cash or finances.

**CLOSING DATE: 28 JULY 2024