Underwriter - Klerksdorp at Senwes

DUTIES AND RESPONSIBILITIES OF THE JOB:

• Distribute received requests for new business & general amendments.
• Issuing of quotes as per insurer’s mandate (determine rates/premiums).
• Apply underwriting rules as per each insurer’s mandate.
• Issue new policy or update existing policies as per request.
• Compare quote/request with actual system.
• Verify correctness of transaction.
• Correspond with broker/assistant.
• Send confirmation of updates.
• Attend monthly mid-term adjustment committee meetings.
• Attend monthly renewal committee meetings.
• Analyze data (premium vs loss ration/multi claimants).
• Determine additional underwriting per policy.
• Correspond adjustments with brokers.
• Apply additional underwriting on policies where necessary.
• Send correspondence to the insured regarding mid-term adjustments done.
• Determine additional underwriting per policy where necessary.
• Apply renewal terms to renewal policies.
• Ensure thorough record keeping.
• Issuing of credit note/debit note/ request for EFT.
• Send correspondence regarding outstanding annual premiums/pro rata premiums.
• Cancellation of policies/endorsements when payment of outstanding annual premiums/pro rata premiums are not received.
• Send credit note, etc. to finance.

Unpaid premiums:

• Verify transaction
• Send notification of unmet premium to client/broker/assistant
• Receive correspondence regarding cash payments
• Send notification of cash payment to finance department for processing
• Do ad hoc functions as require.

Requirements

• National Senior Certificate (FAIS, RE5 and/or relevant insurance qualification will receive preference).
• 2 Years' experience in a short-term insurance environment.