Senior Underwriter (Motor Business) at PACIS Insurance

PURPOSE OF THE JOB:

The job holder is responsible for reviewing motor risks and ensuring Pacis underwrites profitable business to turn around this line of business and achieve underwriting profitability. He/she will be responsible for review of motor portfolio and execution of actions to ensure this business is profitable, and ensuring our motor product offering is relevant and competitive in the market.

Key responsibilities

• Review new applications for motor insurance by analyzing valuation and mechanical assessment reports and previous claims experience to properly underwrite new risks.
• Provide Technical Motor Assistance to the Underwriting Team with regards to risk assessment and pricing.
• Provide Technical Reviews to customers and intermediaries as regards to motor quotations and motor queries.
• Market Monitoring based on feedback from Internal/External Sources and executing appropriate actions to stay abreast with market developments.
• Monitor Motor Non-Fleet Renewal List as regards loss ratio above 50% and provide underwriting Reviews based on Customer profile and Customer profile and claims status.
• Monitor Motor Fleet Renewal List as regards to loss ratio above 60% and provide underwriting Reviews based on Claims Status.
• Analyze motor business performance and provide the Underwriting Manager with a monthly status report of turnaround initiatives for Motor business.Coordinate with Sales and Claims departments for actions to improve performance of Motor.
• Monitor and ensure adherence of set KPI to ensure continuity within business relationship.
• Review and update motor product offerings, value-add services, and underwriting guidelines to stay abreast with market needs and remain competitive.
• Automation of motor business processes to enhance efficiency.
• Enforcement of credit control policy under motor business to maintain the debtor days below 60 and taking remedial actions to correct deviations e.g., through cancellations.
• Champion and execute on innovative solutions that will drive profitability in the motor line of business.
• Appoint, monitor, and review motor valuers to maintain high standards of this service.
• Support the execution of critical motor class turn-around initiatives
• He/she will be responsible for reviewing of motor portfolio and execution of actions to ensure this business is profitable

KNOWLEDGE AND EXPERIENCE:

Qualifications:

Minimum Academic and Professional Qualifications

• Business/Mathematics/Insurance related degree
• Diploma in Insurance
• At least 4 years relevant working experience in a motor insurance business

Knowledge

• Understanding of insurance industry

SKILLS AND COMPETENCIES:

• Customer Oriented
• Interpersonal skills
• Team player
• Problem solving
• Creative thinking
• Planning & organizational skills
• Dependability
• Ethical
• Confidence
• Tactical
• Innovation
• Analytical thinking