POLICY WORDING AND TECHNICAL UNDERWRITING SPECIALIST
Johannesburg, Gauteng, ZA
SBS Underwriting in its Personal Lines Underwriting team has a position available for a Policy Wording and Technical Underwriting Specialist who will be based in Auckland Park, Johannesburg or Bellville, Cape Town.
What will make you successful in this role?
- The purpose of the role is to support Personal Lines and Outsourced Business:
- The incumbent will be responsible and accountable for compiling, updating, reviewing and maintaining of policy wordings, endorsements, addendums, terms, conditions, PPR/ Disclosure notices etc.
- Responsible to give sound claims and personal lines underwriting advice both from a legal and underwriting perspective.
- Responsible for adherence to all regulatory requirements within the Personal Lines Underwriting.
- Integrate and update existing Underwriting manuals/policies, operational manuals and underwriting guidelines.
- Create new underwriting guidelines and procedures if required.
- Assist in formulating and sign-off of underwriting circulars and media articles.
- Analysis, interpretation, review, recommend and communicate policy wording / endorsement changes to Binderholders / relevant stakeholders.
- Assist with product changes and associated projects.
- Alignment of product changes to that of policy wordings, endorsements.
- Drive implementation and monitor results thereof.
Qualifications & Experience
- Min of 8 years’ experience in Short Term insurance - Personal Lines.
- Strong Technical product underwriting knowledge and proficiency – Personal Lines.
- Understanding of Risk management.
- Degree in Insurance & Risk Management or similar disciplines would be an advantage.
- Computer literate (extensive experience of Excel, Word, Acrobat Pro and PowerPoint).
- Knowledge of the short term insurance legal framework.
Knowledge & Skills
- High analytical thinking.
- Ability to grasp concepts quickly.
- Exceptional problem solving skills.
- Strong ability to manipulate and interpret policy wording.
- Strong communication and presentation skills.
- Proactive and self-motivated.
- Ability to perform under pressure.
- Time management and focused delivery of deadlines.
- Good planning, analytical and decision-making skills.
- A good team player – integrates and shares knowledge and skills.
- Displays keen insight and intuition.
- Problem solving.
- Producing creative solutions.
- Developing and implementing strategy.
- Adapting to changing circumstances.
- Performing under pressure.
- Enterprising and commercial thinking.
- Deciding and initiating action.
- Leadership.
- Building networks and good relations.
- Flexibility and adaptability.
- Action orientated.
- Information seeking.
- Applying expertise and technology.
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