Senior Property Underwriter - Durban - Tower Group

    Tower Group
    Tower Group Durban

    14 minutes ago

    tower group background
    Description

    PURPOSE OF JOB: Responsible for all aspects of the Underwriting and Insurance Administration activities ensuring the service delivery to Brokers

    KEY AREAS OF THE JOB:

    • Responsible for All Insurance underwriting.
    • Maintain, and revise service level agreements with brokers for the company.
    • Identify potential areas of underwriting exposure and risk and implement corrective measures.
    • Provide reports on a regular basis to the Director and keep them informed of any changes, risks etc.

    MAJOR TASK HEADINGS OR KEY PERFORMANCE AREAS:

    • Ensure that terms provided to brokers/reinsurers are in line with facility authority.
    • Where this is not possible, to advise Insurers and obtain their agreement.
    • Manage the expectations of the brokers/reinsurers.
    • Handling of general broker queries in line with the products being sold.
    • Receive, refer and present terms for new business, renewals and endorsements in line with pre-agreed mandates as detailed in the various binders
    • Prepare and load business onto insurance system and ensure that all debits are raised.
    • Follow-up of renewal terms with brokers; obtain the necessary proposals well in advance.
    • Manage the relationship with the insurance IT system providers. Investigate more efficient processes and implement changes that will enhance efficiencies.
    • Process all cancellations on the insurance system.
    • Credit control
    • Ensure premiums are paid across to Underwriters in line with the premium payment warranties as detailed in the binders; by the finance department.
    • Advise brokers regarding unpaid premium.
    • Request refunds from accounts department.
    • Ensure that risks are underwritten and that binder profitably is maintained and profit commissions monitored regularly.
    • Should profitability deteriorate, problem areas to be identified and corrective underwriting action taken.
    • Prepare annual binder submission packs.
    • Maintain binder triangulations monthly implement standardized reporting to this effect.
      • Ensure that claims are handled timeously and that estimates are updates quarterly, by the claims department.

      COMPETENCIES AND PERSONAL SKILLS:

      • Strong understanding and knowledge of:
      • Lloyds
      • Binders
      • Underwriting
      • Profit Commissions
      • Management reporting
      • Superior written and verbal communications skills.
      • Strong project management skills with demonstrated ability to multi-task and set priorities within tight timelines.
      • Flexible and open to changing priorities and managing multiple tasks simultaneously within timeframes.
      • Ability to perform a host of administrative functions.
      • Ability to manage the expectations of internal clients.
      • Excellent interpersonal skills
      • Knowledge of various insurance products.

      EDUCATION AND EXPERIENCE:

      • Relevant FSB qualification.
      • A minimum of ten years relevant experience in the short-term insurance industry.
      • Computer Literate.
      • Relevant insurance qualification.

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Durban