Senior Commercial Underwriter X 2 - Sandton, South Africa - Guardrisk

Guardrisk

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Introduction

The Underwriter will be responsible for writing new business, providing renewal terms, technical and claims advice, and liaising with brokers within the agreed mandate limits as determined by the Product Manager / Underwriting Executive.
Role Purpose
The Underwriter will be responsible for writing new business, providing renewal terms, technical and claims advice, and liaising with brokers within the agreed mandate limits as determined by the Product Manager / Underwriting Executive

Requirements:

Bachelor's degree and/or equivalent NQF Level 7 qualification in commercial insurance
FAIS compliant
RE5 Short Term (Commercial and Personal Lines)
At least years' experience in commercial underwriting
At least years' experience leading a team of specialist underwriters and / or portfolio managers
Technical knowledge on the underwriting of Non-Motor and Motor Commercial risks

Duties & Responsibilities

Review and update of Company Underwriting manual /guide
Continuous development of a riskcommensurate rating guide
Technical underwriting of new and renewal business on Commercial Risks
Ensuring that risks are written within the company's risk appetite and complies within the reinsurance/underwriting treaties and internal mandates
Facultative placements
Basic system operating knowledge essential
Manage renewal process, (analysis of claims history, risk profile and renewal terms) and credit control
Adequate underwriting action to correct underperforming clients such as increasing premiums, excess payments, deductibles and or terminate relationship
Manage Risk Survey process (survey requests, analysis, requirements, and implementation
Maintain an acceptable portfolio loss ratio
Build & Maintain policy wordings and ensure that the product remains competitive with market offering and amended regularly in line with reinsurance treaty specifications
Develop and maintain exemplary broker service relationships
Provide input into building and designing various aspects of the products on a designated system
Providing brokers with advice, oversee broker queries, complaints, and problems
Conducting product training to brokers
Do broker visits with a view on growing the Commercial Product footprint, including the overall footprint of the
Adhere to all aspects set out as per Commercial Standard Operating Procedures
Conduct technical underwriting audits
Assist with Audit process on existing policies, new business and renewals within delegated authorities, binders
Assist with Audit process as requested by Outsourced Authorized Auditors
Assist with due diligence process on potential book takeovers
Resolve escalated technical queries and referrals within prescribed SLA's
Assist underwriting team with referral risks/mentoring and product training
Staff leadership, management within various divisions
Conducting product training to brokers
Maintain, monitor and continually improve service levels
Build and maintain internal and external relationships with all key stakeholders
Design & deliver product solutions to meet the client's needs
Refer problems to relevant department, where necessary
Assist and with problems and/or complaints where necessary
Feedback evolving client needs and industry trends to business
Suggest new products and or product enhancements to address changing client needs
Ensure competitive pricing structure while maintaining loss ratio's
Take adequate underwriting action to correct underperforming clients such as increasing premiums, excess payments, deductable and to terminate relationship
To perform any other duties that may be assigned