Underwriting Administrator
3 days ago
**Introduction**
The incumbent of the role is responsible for an underwriting/policy administraction, such as issuing new business, effecting changes/endorsements to existing business, providing overall supporting role to the renewal process (i.e. preparation of claims reports and preparing renewal terms templates), and liaising with brokers.
**Role Purpose**Requirements**:
- Matric
- Insurance qualification
- FAIS compliant and appropriate RE certification
- At least 120 FAIS credits (NQF level 5)
- 5 years of commercial underwriting experience in the Insurance Industry of which 3 years should be in commercial motor underwriting
**Duties & Responsibilities**
- To work through broker closings and capture correct information in order to quote on tender
- To ensure all documentation and info has been received before anything can be done on a tender/quotation
- Once documentation has been received, claims on the specific account need to be analyzed and loss ratio is determined and projected
- Total account is analyzed in detail in order to determine what rates will be applicable
- To liaise with brokers telephonically and if need be in person
- To keep control of administration process, sign of policy documentation issuing of policies and Sasrias in time as well as liaising with Sasria
- To administer policies once tender has been awarded to company
- General daily maintenance of policies by providing quote on additional items brokers/clients would like to add on their respective policies and generally manage the daily endorsements of policy as per the agreed turn-around time
- Adhoc assistance as required to the PM during the Tender season in prepping new tenders, preparing claims information for pricing and assisting overall in presenting terms to the market
- Assist in the Tender season to quoting (if requested) and writing new municipal business within agreed underwriting principals and guidelines
- Responsible for general policy administration
- Manage daily output of junior administrators
- Constant confirmation of premiums to Claims department
- Regularly follow up on unpaid accounts with respective broker until the cash is receipted
- Liaise with Credit control Department to ensure correct allocation of premiums to correct accounts
**Competencies**
- Collaborative
- Good communication skills
- Good planning and organising skills
- Attention to detail
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