Senior Underwriter - FAK at Absa Bank Limited

Job Summary

To work in the capacity of Senior Underwriter/Supervisor in a unit dealing with Quotations in the department to avoid delays and poor quality business.

Job Description

• Supervise the assigned underwriting team to ensure the Key Departmental deliveries are achieved especially on corporate quotations.
• Create strong underwriting technical capacity to enable us implement our 2023 -2026 Company strategy around tilting our business to non-motor
• Create a specialized QUOTATIONS unit within underwriting.
• Ensure risks are properly underwritten as per the company’s underwriting guidelines and within prescribed mandates.
• Ensure retention of existing business by timely invitation of renewals
• Posting Underwriting transactions and other related tasks within the prescribed timelines
• Receive Risk Notes, Issuing Debit notes and Policy Documents
• Processing policy documents for the new businesses
• Assist in Processing Loss ratio reports and review business performance
• Assist claims department by providing the required documents and details immediately
• Ensure 100% adherence to the debt management guidelines.
• Customer and Intermediary Relationship management

Education

• Bachelor's Degree - Insurance, Actuarial, Mathematics or Economics
• Minimum of 10 papers in ACII or AIK qualification
• 5 years of Experience in Insurance (technical area)