Technical Underwriter

Recruiter:

Six Sense Consulting

Job Ref:

SSC000619/AK

Date posted:

Monday, January 20, 2025

Location:

Johannesburg, South Africa

Salary:

Annually

SUMMARY:
A well-established short term insurer is seeking to appoint a Technical Underwriter.
The Technical Underwriter will perform technical underwriting tasks and participate in the implementation of underwriting terms and conditions for policy holders and implementation of rules and regulations for our distribution channel. The Underwriting Specialist will implement underwriting rules and regulations and assist with training.

POSITION INFO:

Qualifications:

Higher Certificate in Short-term Insurance
RE 5
Advantageous Tertiary qualification (Bcom degree or similar)

Experience:

5 – 7 years’ experience in short term Insurance – Technical underwriting (commercial and or corporate).
Portfolio management advantageous
Please note that preference will be given to people with disabilities.
Strategic Alignment
Contribute towards the development of the company’s strategic plans.
Contribute in the development and drive of the divisional strategy.
Participate in Updating of policy wordings and regulations.
Conduct market analysis in order to analyse industry needs and contribute towards the enhancement of existing products.
Implement departmental policies and procedures
Rate development
Partner with Actuarial function on pricing for new products, analysis of risk, to ensure that products are priced correctly.
Analyse claims and premiums trends which provide input into underwriting pricing and risk.
Underwriting function
Review terms and conditions of products annually to ensure they remain relevant and up to date.
Conducting GAP analyses of our rules and regulations to ensure they remain relevant and up to date.
Handle queries and provide technical assistance to our brokers and Agents through visits.
Review rates annually, ensuring competitiveness and viability of the product.
Conduct research on possible new products and enhancement to existing products.
Continuously review product information on our website to ensure remains up to date and relevant.
Monitor and report on the loss ratio movement per class of business.
Monitor and apply corrective measures on multi claimants.
Participate in monthly operations reporting on financial and operations.
Training function
Provide education through various platforms on products to clients/agents
Review and compiling of training material (manuals & presentations).
Risk Management
Identifying Risks and Emerging Risks.
Establish required controls to mitigate operational risks.
Financial
Contribute in compiling budgetary requirements.
Control the departmental budget ensuring expenditure remains within the set parameters.
Perform any reasonable tasks as and when required by the Line Manager.

Please note that if you have not received a response within 14 days of submitting your application that your application was unsuccessful.
However, please keep a lookout on our website, for available positions which may be inline with your career aspirations.

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