Underwriter

The Underwriter is responsible for proper risk assessment to determine acceptance of applications, writing new insurance business, renewing business, preparing policies and supporting the Underwriting function. •

Principal Duties and Responsibilities:

Technical:

• Appropriately evaluates and assess risks and decides whether risk should be accepted or shared with facultativor a re-insurer.
• Negotiates terms with policyholders and/or intermediaries and specifies conditions to be insured.
• Provides, follows up and acts upon quotations for new business.
• Processes and follows-up on renewals to achieve retention target.
•  Enters endorsement information according to underwriting standards and limits of authority.
•  Verifies information and produces policy documents and certificates.
•  Verifies and validates Bordereaux from Agents/Brokers to ensure proper documentation and risk assessment.
•  Provides and processes data for analytical reports.
•  Advises Brokers, Agents and other intermediaries to ensure compliance. 
•  Provides technical support and guidance to branch employees as required. 

Operations:

•  Provides first line supervision on a daily basis to branch employees, liaising accordingly with the Underwriting Supervisor as required.
• Ensures that branch surroundings, work spaces and all facilities are consistent with the company’s brand image and in keeping with HSE standards.
• Responsible for securing the company’s assets at the various branches ensuring that a risk management approach is adopted to minimize and mitigate risks. This includes ensuring the security of employees.
• Responsible for all branch administrations including effective resource allocation.
• Maintains hard copy and electronic filing systems to facilitate easy retrieval and proper record keeping in accordance with the company’s standards and requirements.
•  Reviews all policy files, prepares Compliance Check List, sends out letters and follow-ups for documentation.