Underwriting Consultant

Job description

Role and Responsibility of an Underwriting Consultant

Purpose Our clients’ and partners’ financial well-being and success

Mission   To be a leading international insurer by:

• Partnering with our clients in every aspect of their risk management                                               
• Delivering unsurpassed levels of service                                               
• Fully embracing technology                                               
• Continually innovating and  always providing clear, effective, solid cover at the most affordable rates

Values 

• Focus- Resilience- Tenacity- Relationships- Discipline       

TCF                                      

• Maintain and uphold TCF Outcomes.

Core Function                   

• An insurance underwriter is a professional responsible for reviewing insurance applications, assessing client’s needs, backgrounds and financial status.
• They analyse risks establish terms of coverage and maintain profitability for all stakeholders involved.
• They ensure compliance with all applicable insurance legislation and insurance laws and maintain the highest quality assurance standards.

Reporting to                      

• Assistant Manager

Output

• Meticulously assess the risk factors of potential clients and establish coverage terms.

• Implement guidelines that ensure a balanced ratio of favourable risks, minimizing claim costs, and enabling the company to provide insurance at a competitive price.

• Comprehensive understanding of risk analysis, the ability to analyse data, and make informed decisions.

• Examine insurance proposals, ensure compliance and adherence.

• Ability to negotiate terms with clients and insurers.

• Draw up a quote for competitive insurance premiums.

• Achieve performance targets.

• Follow applicable insurance laws.

• Ability to provide feedback to manager in the form of reports.

Skills (all essential):

• Analytical skills

• The ability to work with customers from a range of backgrounds.

• Confident decision making skills.

• Attention to detail

• Excellent oral and written communication skills and ability to professionally represent your Department

• Negotiating and closing skills

• Ability to work under pressure and be flexible as part of a team

• Ability to develop and maintain good working relationships at all levels, including during difficult or challenging circumstances.

• Ability to prioritise and manage own workload amid conflicting demands and busy work periods.

Knowledge/ Qualifications

• Matric

• Intermediate level knowlwdge of MS suite

• Must be proficient with the keyboard and IT applications

• RE5

Posted on 08 Apr 14:20, Closing date 7 May