Underwriter QNA

Old Mutual; Cape Town; On-site; ZAR 30 000 - 60 000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to join their team in Cape Town. This role involves reviewing insurance submissions, applying risk-selection techniques, and ensuring compliance with regulatory standards. The ideal candidate will have a strong background in commercial underwriting and a passion for delivering exceptional service. With a commitment to professional development and a focus on customer satisfaction, this position offers an exciting opportunity to contribute to a dynamic team. If you are ready to take your career to the next level in a supportive environment, this role is for you.

Qualifications

• 3-5 years experience in commercial underwriting required.
• NQF Level 6 qualification in general insurance is preferred.

Responsibilities

• Review new business and renewal proposals for underwriting acceptability.
• Conduct research to improve automated underwriting processes.
• Monitor and analyze risk data for compliance and recommendations.

Skills

Action Planning

Computer Literacy

Data Compilation

Data Controls

Default Risk

Insurance Product Management

Insurance Sales

Legal Practices

Management Reporting

Numerical Aptitude

Oral Communications

Professional Presentation

Risk Based Pricing

Risk Management

Underwriting Management

Education

Matric or equivalent

Diploma in General Insurance (NQF Level 6)

Job description

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

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Purpose: Reviews risk submissions from clients, agents, and referrals, and underwrites insurance requests within guidelines of the underwriting manual and authority limits. Applies underwriting and risk-selection techniques to determine acceptability of new and renewal insurance risks.

Responsibilities:

Underwriting Insurance Cases: Review new business and renewal proposals to ensure acceptability and completeness of underwriting and rating information, providing price quotations for underwriters and referring unusual or complex cases to senior colleagues.

Underwriting Automation: Carry out allocated research and analysis to support the development, validation, and improvement of automated underwriting processes and systems.

Organizational Risk Management: Gather, monitor, and analyze risk data and recommend further investigation. Involves using established risk management models, systems, and protocols and working under direction.

Regulatory and Compliance Management: Carry out a wide range of compliance monitoring activities and give basic advice on compliance and regulatory requirements.

External Communications: Use the external communications system to access and supply specific information.

Recommendations: Provide information and clarification on existing procedures, processes, and precedents.

Document Preparation: Prepare moderately complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for reports.

Operational Compliance: Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.

Personal Capability Building: Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Requirements [Experience & Skills]:

• Matric and/or equivalent
• Diploma and/or equivalent NQF Level 6 qualification in general insurance.
• Regulatory Examination (RE) - Advantageous
• 3 – 5 years’ experience in commercial underwriting.

Critical objectives and responsibilities:

• Responsible for risk evaluation, pricing and selection / rejection of new and renewal business for all assigned accounts within the portfolio.
• Continuous improvement to ensure effective service
• Service delivery to ensure customer satisfaction
• Cost control and governance adherence
• Quality people practices

Skills

Action Planning, Computer Literacy, Data Compilation, Data Controls, Default Risk, Insurance Product Management, Insurance Sales, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Professional Presentation, Risk Based Pricing, Risk Management, Underwriting Management

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

na

Purpose: Reviews risk submissions from clients, agents, and referrals, and underwrites insurance requests within guidelines of the underwriting manual and authority limits. Applies underwriting and risk-selection techniques to determine acceptability of new and renewal insurance risks.

Responsibilities:

Underwriting Insurance Cases: Review new business and renewal proposals to ensure acceptability and completeness of underwriting and rating information, providing price quotations for underwriters and referring unusual or complex cases to senior colleagues.

Underwriting Automation: Carry out allocated research and analysis to support the development, validation, and improvement of automated underwriting processes and systems.

Organizational Risk Management: Gather, monitor, and analyze risk data and recommend further investigation. Involves using established risk management models, systems, and protocols and working under direction.

Regulatory and Compliance Management: Carry out a wide range of compliance monitoring activities and give basic advice on compliance and regulatory requirements.

External Communications: Use the external communications system to access and supply specific information.

Recommendations: Provide information and clarification on existing procedures, processes, and precedents.

Document Preparation: Prepare moderately complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for reports.

Operational Compliance: Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.

Personal Capability Building: Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Requirements [Experience & Skills]:

• Matric and/or equivalent
• Diploma and/or equivalent NQF Level 6 qualification in general insurance.
• Regulatory Examination (RE) - Advantageous
• 3 – 5 years’ experience in commercial underwriting.

Critical objectives and responsibilities:

• Responsible for risk evaluation, pricing and selection / rejection of new and renewal business for all assigned accounts within the portfolio.
• Continuous improvement to ensure effective service
• Service delivery to ensure customer satisfaction
• Cost control and governance adherence
• Quality people practices

Skills

Action Planning, Computer Literacy, Data Compilation, Data Controls, Default Risk, Insurance Product Management, Insurance Sales, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Professional Presentation, Risk Based Pricing, Risk Management, Underwriting Management

Competencies

Action OrientedCollaboratesCommunicates EffectivelyEnsures AccountabilityInstills TrustManages ComplexityOptimizes Work ProcessesPlans and Aligns

Education

NQF Level 3 & NQF Level 2 - Below school leaving

Closing Date

15 May 2025 , 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!

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.