Underwriter
5 days ago
A fantastic opportunity has become available for an Underwriter to join a well established company.
- The Underwriter will perform overall underwriting duties of policies including various underwriting administrative tasks.
- The underwriter’s duties will include to analyse risk in insurance proposals and amending of existing policies, determine policy terms, calculate premiums on the basis of actuarial, statistical and background information, and in line with insurer set terms and conditions.
- The Underwriter will as and when needed, assist with quoting, amendments, and book transfers.
**Duties**:
- Attend to administration and written communication related to personal and commercial underwriting
- Ensure that all documentation, including quotes & related communication of amendments are processed accurately, correctly and timeously.
- Ensure queries are resolved as per company procedures and SLA
- Communicate to client and broker within 24 hours from receiving instruction
- Ensure renewal reviews are completed timeously within set time period as provided and confirmed by team leader
- Ensure transactions/endorsements are calculated timeously
- Ensure written confirmation/communication of all requested transactions to go to clients & brokers, and recordkeeping of such communication be done on applicable comp-any systems
- Requesting of surveys as and when required, monitor survey and survey requirements as per laid down procedures
- Correct unprofitable policies by risk management and effective corrective underwriting and segmentations
- Ensure policies are not over exposed as per Insurance company standards, policies and procedures
- Manage work routines in line with operational plan/schedules in order to manage achievement of service level agreements
- Attend to all enquiries assigned to you and received from brokers & clients
- Responsible for issuing of Confirmation of Cover and Border letters
- Responsible for Dual insurance process and backdating refunds
- Reporting of all dual insurance cases to Team Leader
- Refer possible cancellation of policies to Retentions
- Refer all VIP client cancellations to Team Leader immediately
- Responsible for accurate premium recons and confirmations to clients and brokers
- Analise new business risk proposal forms
- Re-underwriting and NCB adjustments of high risks after claims
- Implementation of special terms and conditions as per underwriting guidelines
- Participate and contribute in ad hoc projects
- Liaising and building relationships with brokers and broker consultants
- Assisting Management with any duties that may be assigned by Management to but within reason.
- Report any suspected fraud, misrepresentation and/or dishonesty
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