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24 Feb 2021
Underwriter at Old Mutual
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- Company: Old Mutual
- Location: Tanzania
- State: Dar Es Salaam Jobs
- Job type: Full-Time
- Job category: Administrative/Secretarial Jobs in Tanzania
Job Description
Job Description
1. Key outputs
The following key outputs are required from this role.
- Apply standard rates, calculate premiums, and underwrite new business, renewals, endorsements, and cancellations.
- Generations of renewal notices and follow up.
- Prepare premium invoices and collection.
- Works closely with BD marketing staff/agents, brokers to develop and maintain positive business partnerships
- Liaison with brokers/agents and direct clients to verify information, explain and interpret coverage.
- Ensure compliance with standards of service/Customer service charter in all underwriting operations.
- Perform any other duties as may be requested by Management.
2. Deliverables (work elements)
The following detailed outputs are required from this role.
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 experience in the Insurance industry.
Education
BA: Insurance (Required)
Method of Application
Submit your CV and Application on Company Website : Click HereClosing Date : 24th March, 2021.
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