Requirements:

Personal Lines Underwriter - Bedfordview

Job Duration: 2025-03-03 - 2025-04-02

Type: Permanent

Reference: CPT002768

Industry: Insurance

The main purpose of the underwriting department is to evaluate the risk of insuring a particular person, asset, building, or business. The underwriter is responsible for accepting liability and setting the appropriate premium pricing for the insurance policy. The underwriter would furthermore decline unfavorable risks in accordance with the prescribed underwriting guidelines and policy wording. Daily amendments to a client’s existing cover, as well as processing monthly/annual renewals of policies, form part of the day-to-day responsibilities of an underwriter.

Key Responsibilities:

• Endorsements/Amendments on existing policies
• Perform broker productivity on all brokers with outsourced/binder agreements
• Attend to all Broker queries within prescribed SLA’s and turn-around times
• Action Renewals (monthly/annually)
• Request VAR Surveys on new business and/or existing business upon renewal stage and consider all relevant Risk Requirements in order to make informed underwriting decisions
• Process corrective action based on claims history
• Process cancellations in accordance with internal operating procedures and time frames
• Endeavor to retain business wherever there is a risk of losing a client
• Provide quotes on existing policies upon a broker’s request for the addition/removal of an item/asset
• Disciplined management of daily diary system

Minimum Requirements:

• Matric
• FETC (Further Education & Training Certificate) in Short Term Insurance – NQF 4 (150 credits) – highly advantageous
• Computer literate – Microsoft Word, Excel, and Outlook
• Exposure to, or work experience on the TIAL Operating System (System A) – highly advantageous
• Sound knowledge and understanding of relevant short term insurance policy wording (Multimark III and/or Personal Lines)
• Minimum one year relevant work experience in short term insurance underwriting (Personal Lines products)

Please note only shortlisted candidates will be contacted.