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  • Technical Underwriter - Sandton - Kamo Placements

    Kamo Placements
    Kamo Placements Sandton

    1 month ago

    Default job background
    Description

    **Job Summary**

    We are seeking a highly skilled and experienced professional to join our team as a Short Term Insurance Technical Underwriter. The successful candidate will be responsible for contributing towards the development of our company's strategic plans, driving the divisional strategy, and participating in the updating of policy wordings and regulations.

    **Key Responsibilities:**

    • Conduct market analysis to analyze industry needs and contribute towards the enhancement of existing products.
    • Implement departmental policies and procedures.
    • Partner with Actuarial function on pricing for new products, analysis of risk, to ensure that products are priced correctly.
    • Analyse claims and premiums trends which provide input into underwriting pricing and risk.

    **Underwriting Function:**

    • Review terms and conditions of products annually to ensure they remain relevant and up to date.
    • Conducting GAP analyses of our rules and regulations to ensure they remain relevant and up to date.
    • Handle queries and provide technical assistance to our brokers and Agents through visits.
    • Review rates annually, ensuring competitiveness and viability of the product.

    **Training Function:**

    • Provide education through various platforms on company products to clients/agents, ensuring basic understanding of companys role in the market.
    • Review and compiling of training material (manuals & presentations).

    **Risk Management:**

    • Identifying Risks and Emerging Risks.
    • Establish required controls to mitigate operational risks.

    **Financial:**

    • Contribute to compiling budgetary requirements.
    • Control the departmental budget ensuring expenditure remains within the set parameters.

    **Requirements:

    Minimum Qualifications:
    Higher Certificate in Short-term Insurance.
    RE 5
    Advantageous Tertiary qualification (Bcom degree or similar).

    Minimum Experience:
    5 - 7 years experience in short term Insurance Technical underwriting (commercial and or corporate). Portfolio management advantageous.


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