Underwriter

Fnb Namibia; Johannesburg; On-site; ZAR 35,000 - 60,000; Full time

Job summary

FNB Namibia is seeking a Life Underwriter responsible for assessing life insurance applications based on various criteria. Candidates should have a minimum of Grade 12 and preferred undergraduate qualifications, along with 3-5 years of experience to effectively manage underwriting processes in a dynamic environment.

Qualifications

• 3-5 years proven experience as a life insurance underwriter.
• Knowledge of regulations and underwriting guidelines.
• Experience with interpreting medical results.

Responsibilities

• Conduct tele-interviews to assist applicants with applications.
• Manage underwriting cases for various insurance types.
• Ensure compliance with reinsurance treaties and internal guidelines.

Skills

Knowledge of insurance products

Ability to interpret doctors' reports

Experience with underwriting systems

Education

Minimum Grade 12 (NQF Level 4)

Preferred undergraduate degree

Fit & Proper requirements for long-term insurance

Job description

Time left to apply: End Date: June 19 (4 days left to apply). Job requisition ID: R.

Job Description

Perform assessment of life insurance applications based on medical, occupation, avocation, travel, and financial information, ensuring adherence to underwriting guidelines.

Dear Future Life Underwriter, welcome to FNB, the home of the #changeables.

We design for the shapeshifters and deliver products and services that make us incredibly proud of the people who make it happen.

The role requires assessing life insurance applications, ensuring compliance with underwriting standards.

Responsibilities

• Conduct tele-interviews or tele-underwriting to assist applicants with completing applications for new policies or changes to existing ones, asking prescribed questions about health and recording responses accurately.
• Manage medical, occupation, part-time activities, travel, and financial underwriting cases for disability, critical illness, income protection, business cover, group risk, alterations, and queries.
• Ensure case placement according to reinsurance treaties and internal guidelines.
• Coordinate with planners and Business Development Managers on special terms, queries, presales, and underwriting refreshers.
• Resolve underwriting inquiries and cases promptly, participating in training sessions and case studies.
• Complete documentation accurately and utilize IT systems effectively.
• Adhere to organizational policies, legislative requirements, and best practices.
• Assess applications not accepted by online engines, making fair and balanced decisions based on evidence.
• Approve and countersign cases above acceptance limits.
• Maintain product knowledge and stay updated on industry regulations and trends.

Candidate Requirements

• Minimum Grade 12 (NQF Level 4); preferred undergraduate degree.
• Fit & Proper requirements for long-term insurance category B1 for advice.
• 3-5 years proven experience as a life insurance underwriter.
• Knowledge of insurance products, regulations, underwriting guidelines, and current practices.
• Experience with underwriting systems and tools.
• Ability to interpret doctors' reports and medical results.

Opportunities & Culture

Opportunities to network, collaborate, innovate, and work in a challenging environment. We value adaptability, curiosity, and a successful sales record. Thrive in a collaborative environment.

Application Details

Apply now to take the next step. We look forward to engaging with you!

All appointments will align with FirstRand Group's Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. Candidates may disclose disability information voluntarily; this will remain confidential unless required by law.

Important Dates

Application deadline: June 16 (1 day left to apply).

Additional Info

Introduce yourself to our recruiters via MyQ. About FirstRand: A leading financial services provider in South Africa and beyond, listed on the JSE and NSX, with a diverse portfolio of businesses committed to shared prosperity and social responsibility.