Underwriting Consultant

Division/department: Underwriter

Purpose: Our clients’ and partners’ financial well-being and success.

Mission

To be a leading international insurer by:

• Partnering with our clients in every aspect of their risk management
• Delivering unsurpassed levels of service
• Fully embracing technology
• Continually innovating
• Always providing clear, effective, solid cover at the most affordable rates

Values

• Focus – Resilience – Tenacity – Relationships – Discipline
• Treating customers fairly (TCF)
• Maintain and uphold TCF outcomes.

Core function

An insurance underwriter is responsible for reviewing insurance applications and assessing clients’ needs, backgrounds and financial status. They analyse risks to establish terms of coverage and maintain profitability for all stakeholders. They ensure compliance with all applicable insurance legislation and maintain the highest quality assurance standards.

Reporting to: Assistant manager

Output/core tasks

• Meticulously assess the risk factors of potential clients and establish coverage terms.
• Implement guidelines that ensure a balanced ratio of favourable risks, minimising claim costs, and enabling the company to provide insurance at a competitive price.
• Conduct risk analysis, interpret data, and make informed decisions.
• Examine insurance proposals, ensuring compliance and adherence.
• Negotiate terms with clients and insurers.
• Draw up competitive insurance premium quotes.
• Achieve performance targets.
• Follow applicable insurance laws.
• Provide feedback to management in the form of reports.

Skills (all essential)

• Analytical skills
• Ability to work with customers from various backgrounds
• Confident decision-making skills
• Attention to detail
• Excellent oral and written communication skills to professionally represent the department
• Negotiation and closing skills
• Ability to work under pressure and be flexible as part of a team
• Ability to develop and maintain good working relationships, even in challenging situations
• Ability to prioritise and manage workload amid conflicting demands

Knowledge/qualifications

• Matric
• Intermediate-level knowledge of Microsoft Office suite
• Proficiency with the keyboard and IT applications
• RE5 qualification

Posted on 26 Feb 09:53, Closing date 26 Mar