Underwriter at ABC Bank (African Banking Corporation Limited)

Reporting to the Innovations & Partnerships Manager, the job holder will be tasked with making sound underwriting decisions like marketing, customer service and administrative support affecting brokers/insured from initial submissions
through policy issuance and renewals.

Key Responsibilities:

• Together with other Account Executives/Underwriters, participates in the new business & renewal activities that support marketing and underwriting decisions which are consistent with business unit growth and retention goals.
• Partners with Account Executives/Underwriters to establish support needs for new and renewal policies such as identifying/gathering relevant account information to quote and/or bind the policy; create exhibits.
• Participates in pre-renewal meetings to define assignments.
• Prepares underwriting/pricing exhibits including exposures, experience rating, profit and loss analysis, expense models, and updated account information.
• Manages account documentation; proposals, agreement letters, reinsurance contracts, collateral agreements, policy
• change, endorsements & cancellations.
• Ensures accurate and timely servicing and billing of accounts.
• Communicates with brokers/agencies, insured’s/customers and internal departments through researches while resolving issues and responding to inquiries.
• Quotes accounts within authority limits by reviewing exposures and experience rating, updating account information,
• rates and adjusts the price.
• Provides information for regulatory compliance.
• Provides administrative support and other related services as needed.
• Participates in projects/assignments as required.

Minimum Qualifications, Knowledge, Experience & Key Competencies

• Bachelor’s Degree in Business/Management /Economics or related field.
• At least 4 years work experience in a similar position gained within an insurance brokerage set up.
• Excellent interpersonal and communication skills.
• Confident negotiation skills.
• Decision making skills.
• Excellent time management.
• Accuracy and attention to detail.
• Strong analytical skills.
• Reliability and honesty.
• Ability to work under pressure