Underwriter: Liability
3 days ago
**Underwriter: Liability**
**Location**: Johannesburg, Gauteng, South Africa
**What will make you successful in this role?**
Our Client Requires an **Underwriter: Liability**, who will be based in **Johannesburg: Illovo.**
- Underwrite and manage a portfolio of existing and new business, which may be complex in nature, including all tasks associated therewith but not limited Underwriting Governance which includes detailed risk evaluation and assessment, coverage and exposure analysis, pricing determination, detailed claims analysis (understanding loss ratios and claim trends) and wording review & negotiations within underwriting authority.
- Refer and acquire sign-off relating to matters falling outside of own authority, in accordance with authority matrix.
- Adherence at all times to the authority matrix, departmental protocols and procedures, including Underwriting Governance provisions.
- Detailed explanations regarding changes with respect to terms/ underwriting stance
- Ensure Broker interaction (face-to-face or virtually) to discuss renewals and new business with a focus to build relationships and develop market presence.
- Feedback on market intelligence.
- Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
- Prepare for and attend meetings.
- Meet budget responsibility for a book of business.
- Monitor renewals, lapsed policies and new business with monthly report back.
- Ensure we maintain a 2.5% Cancellation Reserve
- Provide strategic input for relevant business area if and when required.
- Mentor and provide technical training of current and new Team Members if and when required.
- Follow up on quotations and renewals.
- Sign and check policy documentation.
- Handle accounts queries.
- Assist with credit control if and when required.
- Production and / or sign-off of reports within stipulated timeframes.
- Attend to daily administrative routine tasks in accordance with organisational standards, processes and procedures.
**Qualification and Experience**
- Matric
- BCom in Insurance and Risk Management/ BCom Law/ BCom Engineering/ BSc Geology
- 3 years Liability underwriting experience alternatively 5 years Insurance Specialty experience (This is not a trainee position.)
- Must be FAIS compliant
**Knowledge and Skills**
**Generic**
- Administrative Skills
- Analysis and Judgement
- GREAT Attention to Detail
- Client Orientation
- Communication Skills including negotiation
- Initiative
- Managing work and delegation
- Teamwork
- Time Management and working under significant pressure
**Specific**
- Systematic and Logical/Critical Thinking
- Technical proficiency and proven underwriting track record in relevant line(s) of business
- Financial Acumen
- Track record for handling high pressure work environment
- Computer Literacy
- Strong Communication Skills (Internal & external)
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