Insurance Underwriter
2 months ago
WatersEdge Solutions is seeking a detail-oriented and proactive Underwriter to join their team in Johannesburg North. The successful candidate will be responsible for delivering exceptional customer service, ensuring compliance with FSB regulations and underwriting guidelines, and building strong relationships with clients, insurers, and internal stakeholders.
Key Responsibilities:- Securing New Business:
- Assist Account Executives in obtaining prospective clients\u2019 current insurance details.
- Approach the market for quotes, complete comparisons, and prepare required documentation.
- Process policies on the business system, raise invoices, and provide complete documentation packs to Account Executives.
- Managing Renewals:
- Prepare claims experience and loss ratio reports, review policies, and ensure all renewal rules are applied correctly.
- Update comparative spreadsheets, assist Account Executives with market exercises, and draft additional comparisons when necessary.
- Provide Account Executives with renewal packs for client discussions and follow up on outstanding information.
- Processing Confirmations and Amendments:
- Immediately process cover confirmations and handle notifications of interest for financial institutions.
- Manage amendment requests, obtain necessary terms, and ensure all changes are communicated to clients, Account Executives, and insurers.
- Handling Cancellations and Multi-Claimant Reports:
- Manage cancellation requests, liaise with Account Executives for retention efforts, and process cancellations when required.
- Generate multi-claimant reports, analyze claims, and apply corrective actions as advised by Account Executives.
- General Administration:
- Maintain electronic policy files, action daily diary items, and assist other department members when needed.
- Ensure professional behavior, punctuality, and adherence to service level agreements (SLAs).
Please note that if you are not contacted within 14 working days, please consider your application unsuccessful.
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