Insurance Underwriter Specialist

1 month ago


Johannesburg, Gauteng, South Africa Full Circle Selection Full time
Job Description

The Insurance Underwriter Specialist will be responsible for managing the entire underwriting process for clients, ensuring that their insurance needs are met and policies are effectively implemented. This role requires strong analytical and communication skills, as well as the ability to work independently and as part of a team.

Main Responsibilities:
  • Client Advice & Underwriting Solutions: Provide expert advice on insurance solutions to clients, identifying their needs and determining appropriate coverage.
  • Policy Management: Convert quotes to new business policies, ensure policies are endorsed as required, and undertake policy renewal processes annually.
  • Client Information: Record client information and communication on the database, ensuring easy retrieval when needed.
Compliance & Legislation:
  • Adhere to FICA requirements, FAIS General Code of Conduct requirements, FAIS Fit & Proper requirements, and outcomes determined by TCF/Treating Customers Fairly.
Business Continuity:
  • Maintain business continuity in the event of absenteeism, ensuring service levels remain at determined standards.
Client Focus:
  • Maintain client service protocols as detailed in the Ranger Guide and company blueprint.
Professional Relationships:
  • Cultivate long-term, professional relationships with clients and maintain strong relationships with service providers.
Keeping Abreast:
  • Keep abreast of macro and micro environments and how changes affect clients and FPM.
  • Ensure up-to-date product knowledge and understanding of Underwriting Guidelines and Procedures of service providers.

Required Skills & Qualifications:

  • FAIS qualification
  • Regulatory Exams: RE5
  • CPD Points relevant to registered FAIS category
  • Relevant System Advanced underwriting administration (Cardinal 360 would be beneficial)
  • Knowledge of insurance practices, markets, and competitors
  • Minimum of 5 years underwriting experience in a broker environment (not negotiable)
  • Good understanding of compliance issues
  • Good understanding of macro and micro environments

Benefits:

This role offers a competitive salary of $80,000 - $110,000 per annum, depending on experience. The successful candidate will also receive comprehensive training and development opportunities, as well as a range of benefits including health insurance, retirement plan, and paid time off.



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