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About this job
Job Description
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 that meet 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
Skills and Experience
2-3 years work experience
Education
Bachelors Degree (B): Insurance (Required)
Closing Date
29 December 2020er results type in MS Word then paste it here
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 that meet 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
Skills and Experience
2-3 years work experience
Education
Bachelors Degree (B): Insurance (Required)
Closing Date
29 December 2020er results type in MS Word then paste it here