22 Jan 2021

Deputy Underwriting Manager at Old Mutual South Africa

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Job Description

  • Quotations and Risk Acceptances:
  • Ensure quotations are done and dispatched within the agreed turnaround time
  • Accept all new agreed proposals which meets acceptable underwriting standards within the delegated authority
  • Underwriting Process and Procedures
  • Analyse and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
  • Ensure all incoming business are captured in the system accurately and monitor backlog status and observe timely month end closing (25th of every month).
  • Prepare /Issue policies and endorsements for all classes of insurance within the system at the agreed turnaround time
  • Respond to all correspondence within the agreed turnaround time
  • Ensure adherence to all the process, procedures and controls within the department.
  • Ensure Reinsurance allocations are done properly as per treaty on every business before capturing into the system
  • Conduct trainings on various covers to staffs, intermediaries etc.
  • Risk Management
  • Analyse and assess proposals and risk notes and recommend on the need to carry out surveys for small to medium size non-standard risks
  • Communicate to the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written
  • Resolve internal control audit recommendations fully and ensure no issue automatically escalates.
  • Monitor the quantity and quality of work done with ZERO error which may result in disputes with other departments.
  • 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 Underwriting manager to ensure achievement of monthly retention ratio of at least 90%
  • Establish unrenewed list by 1st Week on the following month and make counter follow ups
  • Filing – Comply with the agreed filing and record keeping system
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Method of Application

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Closing Date : 22 Feb. 2021

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