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