Underwriting Administrator at Momentum Metropolitan Holdings Limited

Introduction    

• The incumbent of the role is responsible for an underwriting/policy administraction, such as issuing new business, effecting changes/endorsements to existing business,  providing  overall supporting role to the renewal process (i.e. preparation of claims reports and preparing renewal terms templates) , and liaising with brokers.

Role Purpose  

• Evaluate, review and analyse insurance applications and screen applicants against set criteria in order to determine client risk and provide recommendations on approval or rejection of applications.

Requirements    

• Matric 
• Insurance qualification
• FAIS compliant and appropriate RE certification
• At least 120 FAIS credits (NQF level 5)
• 5 years of commercial underwriting experience in the Insurance Industry of which 3 years should be in commercial motor underwriting

Duties & Responsibilities    

• To work through broker closings and capture correct information in order to quote on tender
• To ensure all documentation and info has been received before anything can be done on a tender/quotation
• Once documentation has been received, claims on the specific account need to be analyzed and loss ratio is determined and projected
• Total account is analyzed in detail in order to determine what rates will be applicable
• To liaise with brokers telephonically and if need be in person
• To keep control of administration process, sign of policy documentation issuing of policies and Sasrias in time as well as liaising with Sasria
• To administer policies once tender has been awarded to company
• General daily maintenance of policies by providing quote on additional items brokers/clients would like to add on their respective policies and generally manage the daily endorsements of policy as per the agreed turn-around time
• Adhoc assistance as required to the PM during the Tender season in prepping new tenders, preparing claims information for pricing and assisting overall in presenting terms to the market
• Assist in the Tender season to quoting (if requested) and writing new municipal business within agreed underwriting principals and guidelines
• Responsible for general policy administration 
• Manage daily output of junior administrators
• Constant confirmation of premiums to Claims department
• Regularly follow up on unpaid accounts with respective broker until the cash is receipted
• Liaise with Credit control Department to ensure correct allocation of premiums to correct accounts

Competencies    

• Collaborative
• Good communication skills 
• Good planning and organising skills
• Attention to detail 

Closing Date: 2023/06/14