Technical Consultant at Discovery Limited

Job description

Job Purpose

To evaluate and underwrite risk for new and existing policies and to ensure that they are in line with Discovery Insures’ business goals and risk appetite.

Assisting with analysis of risks with a view of providing technical assistance, advice, rating and risk management on risks outside mandates.

Assist with the technical underwriting of hazarders risk, fleet and high sum insured within mandate.

Areas of responsibility may include but not limited to

• Review large risks where the combined Fire Sum Insured exceeds R100million with an unacceptable loss ratio > 60%
• Review all risks where level of hazard is defined as high or refer to risk/technical
• Review all policies where the annualised premium is over R500k
• Assist with and analyse policy wordings
• Contribute to development of Underwriting Guidelines, PDD’s validations, underwriting rules as well as Training Material and ensure that all Underwriting Instructions, Policies, Processes and Procedures are followed
• Contribute to determining Underwriting Standard for acceptance of risk
• Liaise with Business Analyst to facilitate underwriting system requirements for implementation
• Perform due diligence on quality of risk
• Portfolio management including loss ratio and segmentation analysis
• Weekly/monthly reporting on data analysis of risk
• Monitor claims with a focus on claims > R500K, frequency specific to risk and specific risk-related claims
• Manage relationship with SASRIA including correspondence, communication to business

Qualifications and Experience

• Matric - Essential
• FAIS – Minimum credits as required (Personal and Commercial Lines) – Essential
• RE5 (Representative) – Essential
• ACII (Associate of the Chartered Institute of Insurance - Advantageous
• Minimum 3-5 years Underwriting – Commercial Short Term Insurance experience Essential
• Minimum 1 year Commercial Short Term Insurance Management experience Advantageous

EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply