Job Opportunity At UAP – Old Mutual Insurance Tanzania, Underwriter (Mbeya Branch)

Underwriter (Mbeya Branch)

Your time is now to be your exceptional best at Old Mutual!

Job Description

Quotations and Risk Acceptances

Ensure quotations allocated are done and approved by the Underwriting Manager and dispatched within the agreed turnaround time
Accept new motor and domestic package proposals which meets acceptable underwriting standards subject to approval by the Senior Underwriter within the delegated authority

Underwriting Process and Procedures

Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
Register and input all allocated new business in the system within the agreed turnaround time
Prepare /Issue policies for all classes of insurance within the system within the agreed turnaround time
Process all endorsements within the agreed turnaround time
Respond to all correspondence within the agreed turnaround time
Ensure adherence to all the process procedures and controls

Risk Management

Analyze and assess proposals and risk notes and report to the team leader on the need to carry out surveys for small to medium size non-standard risks
Communicate with the team leader on the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written

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 Senior Underwriter to ensure achievement of monthly retention ratio of at least 90%

Reinsurance

Liaising with the Reinsurance Section regarding risks requiring facultative reinsurance placements.
Filing – Comply with the agreed filing and record keeping system Customer Service
Attend to direct customers who visit the office for inquiry and provide prompt attention and efficient service

Finance

Enforce credit control and effect cancellation for policies not paid to ensure that premium is paid for risks accepted
Ensure all monies collected are banked on daily basis

Responsibilities

Skills and Experience

2-3 years work experience

Education

Bachelors Degree (B): Insurance (Required)

The deadline for submitting the application is 29 December, 2020

Job Opportunity at UAP – Old Mutual Insurance Tanzania, Underwriter (Mbeya Branch)