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About this job
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
Skills and Experience
2-3 years work experience
Education
Bachelors Degree (B): Business Studies: Marketing Management (Required)
Closing Date
29 December 2020
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
Skills and Experience
2-3 years work experience
Education
Bachelors Degree (B): Business Studies: Marketing Management (Required)
Closing Date
29 December 2020