Job Opportunity At UAP – Old Mutual Insurance Tanzania, Deputy Underwriting Manager May 2022

Deputy Underwriting Manager

Job Description

Quotations and Risk Acceptances:

Ensure quotations are done and dispatched within the agreed turnaround time
Accept all new agreed proposals which meets acceptable underwriting standards within the delegated authority

Underwriting Process and Procedures

Analyse and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
Ensure all incoming business are captured in the system accurately and monitor backlog status and observe timely month end closing (25th of every month).
Prepare /Issue policies and endorsements for all classes of insurance within the system at the agreed turnaround time
Respond to all correspondence within the agreed turnaround time
Ensure adherence to all the process, procedures and controls within the department.
Ensure Reinsurance allocations are done properly as per treaty on every business before capturing into the system
Conduct trainings on various covers to staffs, intermediaries etc.

Risk Management

Analyse and assess proposals and risk notes and recommend on the need to carry out surveys for small to medium size non-standard risks
Communicate to the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written
Resolve internal control audit recommendations fully and ensure no issue automatically escalates.
Monitor the quantity and quality of work done with ZERO error which may result in disputes with other departments.

Policy Renewals

Work on the allocated renewal scrutiny listing 2 months prior to expiry of policy and dispatch renewal notices to producers/clients1 month prior to renewal date
Follow up allocated policies falling due for renewal and provide weekly report to Underwriting manager to ensure achievement of monthly retention ratio of at least 90%
Establish unrenewed list by 1st Week on the following month and make counter follow ups
Filing – Comply with the agreed filing and record keeping system

Responsibilities

Skills and Experience

2-3 years work experience

Education

Bachelors Degree (B): Business Studies: Marketing Management (Required)

The deadline for submitting the application is 29 December, 202

Job Opportunity at UAP – Old Mutual Insurance Tanzania, Deputy Underwriting Manager