Hello… an exciting new opportunity has just become available in ourInsure, Insure, Broker Distribution, Eastern & Southern Cape Region We are looking to recruit a Renewal Underwriter.
Role Objectives:
Handling and processing all renewal transactions assigned, within the set standards required by the company thus contributing to the productivity of the branch and providing support to our Broker Consultants following Renewal Discussions with brokers. Enhance the image of the company through the continuous delivery of efficient and effective customer service.
Key Responsibilities:
- Account Management: Handling and processing of all renewals for preparation to negotiate with brokers
Broker Consultant responsible for final sign off on Renewals over Mandates; processing and following up on all declaration letters, follow up and confirmation of surveys and following up on Risk
Recommendations – diary system to be used for this. Service, grow and maintain renewal policies.
Risk Management: Credit control procedures, loss ratios, broker/agent agreements, ensure compliance with rating, underwriting principles and reinsurance.
Underwriting/Risk Analysis: Analyse qualitative and quantitative data prepared by brokers to provide approval for risk selection and acceptance, coverage and price. Recommend creative alternatives in regards to rating plans, coverage and payment plans. - Ensure reinsurance is in place where applicable.
Relationship Management: Interact frequently/daily with brokers and/or agents. - Customer service: Provide timely and professional customer service to stakeholders.
- Effective communication: Communicate as needed with stakeholders to obtain information needed to complete screening and transactions, etc.
Reporting: providing regular/daily feedback on the Renewal Management Report. Assist when required in producing reports. Continuous Process Improvement
Compliance: Adhere to and maintain standards pertaining to the Proposed Branch Renewal process and recommend improvements.
