Team Leader: Underwriting - Accounts

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

Purpose: Manages several underwriting professionals. Reviews and ensures conformance with underwriting policies, guidelines, and procedures by subordinate underwriters. Recommends changes in underwriting policies and procedures. Underwrites large or complex risks or provides final approval for those underwritten by subordinates.

Responsibilities:

1. Underwriting Insurance Cases
   Review and underwrite assigned new business and renewal cases within prescribed authority levels, escalating unusual or complex cases to senior colleagues where appropriate.
2. Underwriting Automation
   Carry out research and analysis to support the development, testing, and improvement of automated underwriting processes and systems; recommend functionalities or improvements that reduce costs and enhance effectiveness.
3. Organizational Risk Management
   Use risk management systems to prevent undue risks, achieving specific goals within designated business areas.
4. Regulatory and Compliance Management
   Investigate incidents and reports, provide expert advice, and ensure compliance with regulatory standards by collaborating with internal functions.
5. Leadership and Direction
   Communicate the local action plan, align it with organizational strategy, motivate team members to achieve business goals.
6. Performance Management
   Set and monitor performance objectives, use performance systems to improve, and ensure team accountability.
7. Budgeting
   Create and analyze budgets for organizational areas.
8. Document Preparation
   Edit and prepare documents for publication following organizational style guidelines.
9. Financial Policies, Guidelines, and Protocols
   Develop and implement financial guidelines to ensure regulatory compliance and good financial practice.
10. Organizational Capability Building
    Identify team development needs, plan actions, and provide training or coaching to enhance performance.

Requirements (Experience & Skills):

• Matric or equivalent
• Postgraduate degree or equivalent
• 3-5 years' experience in the Insurance Industry
• Proficiency in MS Excel and PowerPoint
• Strong attention to detail
• Accounting qualification or experience is a plus

Skills

Accounting, Budget Management, Change Management, Data Compilation, Executing Plans, Financial Acumen, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Policies & Procedures, Presenting Solutions, Professional Presentation, Risk Management, Servant Leadership

Core Competencies

Action Oriented, Business Insight, Communicates Effectively, Decision Quality, Ensures Accountability, Financial Acumen, Instills Trust, Manages Complexity

Education

Details not specified

Closing Date

30 April 2025, 23:59

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

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