SHORT TERM INSURANCE COMMERCIAL UNDERWRITER wanted: Salary R20 000 per month
R20 000 a month
Employment: Permanent 08:00 – 17:00
Location: Brooklyn, Pretoria
Salary: R20 000.00 Negotiable – Market-related depending on experience, Provident Fund after 6 months, daily lunch.
MUST work independently, applicants still working under supervision will not be considered.
Matric is an essential requirement
Regulatory Exam: Representatives
150 FAIS Credits (as per FAIS requirement)
Must be Fit & Proper in terms of the FAIS Act
At least 3 years’ experience in COMMERCIAL Underwriting
Must have experience in various commercial products
Objectives and Responsibilities:
Commercial & Corporate Insurance)
Examine new business, review business proposals to determine the degree of risk and assure compliance with company underwriting guidelines before acceptance of policies.
Negotiate with insurers on policy discounts in line with loss history and claim ratios,
Maintain a diary management system and proactively follow up on pending quotes/outstanding information
Conduct a complete needs analysis to identify gaps in respect of current cover and unreasonable terms, conditions and warranties.
Where necessary refer to RM and/or Head Office underwriting (Reinsurance, special Acceptances)
Discuss renewal terms within prescribed time considering claims experience, possible client needs, and market changes and ensuring completion of the record of advice
Provide Technical Underwriting, rating advice and acceptance of risk within underwriting Guidelines for all classes of insurance business
Support new business acquisition
Knowledge of Professional Indemnity, Cyber and Directors and Officers insurance.
In-depth technical skills and knowledge of Liability, Public Liability,
Electronic Equipment, Machinery Breakdown, Plant All Risks and Contractors All Risks products
Updating of a quoting Register and vetting of new business
Manage portfolio profitability through non-price underwriting e.g. excesses, exclusions and cover limits, etc
Credit Control checks
Ensure documentation, including SASRIA, is issued, checked and authorized prior to despatch
Following up with the client on Risk Reduction Survey Requirements to ensure compliance within a set time frame
Confirmation and covering letters
Job Type: Full-time
Salary: R20,000.00 /month
Commercial Underwriting: 3 years (Preferred)
High School (matric) (Preferred)
Pretoria, Gauteng (Preferred)
Regulatory Exam: Representatives (Preferred)