Commercial Underwriter | Durban

The Recruitment Council; Durban; Presencial; ZAR 550 000 - 750 000; Tempo integral

Resumo da oferta

The Recruitment Council is recruiting for a seasoned Commercial Underwriter based in Durban. The role focuses on compliance-driven underwriting within a fast-paced environment, activating new business and managing renewal processes.

You will ensure documentation is complete, coordinate with brokers, and process amendments quickly while upholding regulatory standards. A minimum of 5 years in commercial underwriting is expected.

Qualificações

• Stronger analytical and problem-solving skills with a compliance focus.
• Solid understanding of insurance regulations and underwriting practices.
• Ability to work independently and as part of a team while maintaining accuracy.

Responsabilidades

• Activate new business on internal systems after insurer or binder manager approval.
• Ensure all required compliance documents are on file and diarised when necessary.
• Distribute new business documents to clients within 31 days of policy inception.
• Send renewal listings to brokers 3 months before expiry.
• Prepare renewal terms from insurers at least 60 days before renewal.
• Send updated renewal documents 31 days before renewal date.
• Confirm debit order arrangements prior to policy renewal dates.
• Schedule broker renewal meetings 60 days in advance.
• Confirm Letters of Appointment and Debit Order Authorisations are current.
• Complete policy amendments within 3 days of request or before system close-off.
• Acknowledge amendment instructions from clients on the same day received.

Conhecimentos

Analytical abilities

Regulatory knowledge

Attention to detail

Independent and collaborative work

Interpreting underwriting guidelines

Formação académica

RE5 Certificate

NQF Level 4: Short-Term Insurance

Descrição da oferta de emprego

Are you a seasoned Commercial Underwriter ready to take the next step in your career? Our client, a well-established insurance firm in Durban, is seeking a detail-oriented and compliance-driven professional to join their team. If you have strong commercial underwriting experience and thrive in a fast-paced environment, this role could be your perfect fit.

Key Responsibilities:

• Activate new business on internal systems once insurer or binder manager approval is received.
• Ensure all required compliance documentation is on file. Missing documents must be diarised and referred to the Head of Technical Underwriting.
• Distribute new business documentation to clients within 31 days of policy inception. This includes the policy schedule, policy wording, disclosure notice, and signed compliance documents.
• Send renewal listings to brokers 3 months in advance of policy expiry.
• Prepare and request renewal terms from insurers at least 60 days before renewal.
• Ensure updated renewal documents are sent to clients 31 days before the renewal date, including all required documentation and policy updates.
• Confirm debit order arrangements with clients prior to policy renewal dates.
• Schedule broker renewal meetings 60 days in advance in their Flexi diaries.
• Confirm that Letters of Appointment and Debit Order Authorisations are current and on file.
• Complete policy amendments within 3 days of request or before system close-off, whichever is sooner.
• Acknowledge amendment instructions from clients on the same day they are received.

Requirements:

• RE5 Certificate
• NQF Level 4 qualification in Short-Term Insurance
• At least 5 years’ experience in commercial underwriting

Skills & Competencies:

• Strong analytical and problem-solving abilities
• In-depth knowledge of insurance regulations and underwriting procedures
• High attention to detail and accuracy
• Ability to work both independently and collaboratively
• Proficiency in interpreting underwriting guidelines and regulatory standards

Ready to take your underwriting career to the next level?