Personal Lines Underwriter - Bedfordview at ManpowerGroup South Africa

Job Summary

The main purpose of the underwriting department is to evaluate the risk of insuring a particular person/ asset/building/ business. The underwriter is responsible for accepting liability and setting the appropriate premium pricing for the insurance policy. The underwriter would furthermore decline unfavorable risks in accordance with the prescribed underwriting guidelines and policy wording.
Doing daily amendments to a client’s existing cover, as well as processing monthly/ annual renewals of policies forms part of the day-to-day responsibilities of an underwriter.

Requirements:

• Endorsements/ Amendments on existing policies
• Perform broker productivity on all brokers with outsourced/ binder agreements
• Attending to all Broker queries within prescribed SLA’s and turn-around times
• Action Renewals (monthly/ annually)
• Requesting VAR Surveys on new business and/ or existing business upon renewal stage and consider all relevant Risk Requirements in order to make informed underwriting decisions
• Processing Corrective action based on claims history
• Process cancellations in accordance with internal operating procedures and time frames
• Endeavor to retain business wherever there is a risk of losing a client
• Providing quotes on existing policies upon a broker’s request for the addition/ removal of an item/ asset
• Disciplined management of daily dairy system

Requirements:

• Matric
• FETC (Further Education & Training Certificate) in Short Term Insurance – NQF 4 (150 credits) – highly
  advantageous
• Computer literate – Microsoft Word, Excel, and Outlook.
• Exposure to, or work experience on the TIAL Operating System (System A) – highly advantageous
• Sound knowledge and understanding of relevant short term insurance policy wording (Multimark III and/ or
  Personal Lines)
• Minimum one year relevant work experience in short term insurance underwriting (Personal Lines products)