Underwriting Consultant

Job description

Division/Department: Underwriter
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 to 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/ Core tasks:

• 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/Qualification:

• Matric
• Intermediate level knowlwdge of MS suite
• Must be proficient with the keyboard and IT applications
• RE5

Posted on 04 Mar 11:14, Closing date 2 Apr