Senior Underwriter

oldmutual; South Africa; Sur place; ZAR 600 000 - 900 000; Plein temps

Résumé du poste

Old Mutual South Africa seeks an experienced Underwriter to evaluate risk, price and select renewal and new business within a portfolio. You will review renewal data, determine premium levels, and ensure profitability through analysis and decision making.

You will interact with Sales and Claims while driving policy provisions and renewal packages. The role requires Mark 4 level underwriting experience, strong communication, and the ability to work across departments to optimize portfolio

Qualifications

• Grade 12 and a tertiary commerce qualification or studying towards a commerce degree.
• Must have passed the Mark 4 Underwriting Technical Test.
• Experience as an Underwriter at Mark 4 level.
• Must have a mandate and prior experience.
• Knowledge of commodities in the industry and experience with policy holders.
• Underwriting skills at policy holder level.
• Excellent communication skills.

Responsabilités

• Evaluate risk and determine renewal terms and pricing for renewals and new business.
• Monitor profitability and analyze loss ratios to drive improvements.
• Negotiate premium levels and policy plan provisions with Sales.
• Communicate recommendations to Sales and Claims.
• Collaborate with Sales, Claims and Underwriting on renewal issues.

Connaissances

Underwriting experience

Communication skills

Analytical ability

Formation

Grade 12 education

Commerce qualification or studying towards

Mark 4 Underwriting Technical Test

Outils

Underwriting tools

Policy administration systems

Description du poste

Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

• Responsible for risk evaluation, pricing and selection / rejection of renewal business for all assigned accounts within the portfolio. Research problems and take initiative in recommending solutions for customer and financial issues that will enable the organisation to profitably accept the risk that our policies cover.
• Responsible for risk evaluation, pricing and selection / rejection of new and renewal business for all assigned accounts within the portfolio.
• Perform risk and contract evaluation on renewal business using rating guidelines, industry and occupational classifications, financial statements, manual rating, experience information (e.g. premium, claims, reserves, rate history and average exposure) for all assigned accounts.
• Determine required premium level based on experience and manual rates, plan design, services, and competitive information in accordance with organisational guidelines.
• Demonstrate a high degree of knowledge regarding underwriting quantitative and qualitative tools and communicate the outcomes clearly to Sales and Claims functions.
• Research all problems and risk related issues by using initiative in problem solving that involves management in decision making as necessary.
• Responsible for monitoring profitability as measured by loss ratio improvement.
• Complete semi-annual and ad hoc profitability analysis for all assigned cases and provide summary of analysis to management and Sales.
• Analysis to include but not limited to action plans for moving accounts to profitability and complete assessment of claim trends and services. Analyse all necessary historical account information.
• Determine renewal terms including required premium level and policy plan change recommendations and deliver complete renewal package to Sales according to organisational department guidelines.
• Accountable for the accuracy and completeness of all renewal data.
• Negotiate all subsequent appeals with Sales regarding premium levels and policy plan provisions and involve appropriate people in decision making and negotiating as necessary.
• Participate in interdepartmental discussions between Sales, Claims and Underwriting on renewal business issues and make recommendations regarding policy plan provisions and claims and administrative procedures.
• Communicate recommendations to Sales for delivery to customer.
• Review all customer and Sales requests for policy and plan changes.
• Determine contract and pricing changes necessary according to underwriting guidelines and use independent judgment.
• Negotiate with Sales subsequent appeals and manage changes according to organisational procedures.

Qualification

• Grade 12
• Tertiary qualification in Commerce (NQF Level 6-7 or
• equivalent) or studying towards a Commercial degree
• Must have passed the Mark 4 Underwriting Technical Test
• Must have experience as an Underwriter at Mark 4 level
• Must have a mandate and prior experience will be required
• Have in depth knowledge of the commodities in the industry and must have worked with policy holders
• Underwriting skills at policy holder level
• Must have excellent communication skills
• Must have a Code 8 Drivers License

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Competencies

• Action Oriented
• Business Insight
• Communicates Effectively
• Decision Quality
• Financial Acumen
• Instills Trust
• Manages Complexity
• Optimizes Work Processes

Closing Date

19 October 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!