Commercial Underwriter

SUMMARY:
CIB is Short-Term Insurance UMA with more than 25 years of experience in developing value adding relationships and delivering service excellence. We are on the lookout for qualified and suitably skilled Commercial Short-Term Insurance Underwriters to join our dynamic Underwriting Team! For more information about CIB, please visit our website on www.cib.co.za

POSITION INFO:

Main purpose of the job

The main purpose of the underwriting department is to evaluate the risk of insuring a particular person/ asset/ building/ business.  The commercial underwriter is responsible for accepting liability and setting the appropriate premium pricing for commercial insurance policies.  The underwriter would furthermore decline unfavorable risks in accordance with the prescribed underwriting guidelines and policy wording. 

Doing daily amendments to a client’s existing cover, as well as processing monthly/ annual renewals of policies forms part of the day to day responsibilities of an underwriter.

CIB liaises directly with Brokers, and not the client/ policy holder.  Service delivery is our main distinguisher from our competitors and individual performance is mainly measured on the quality and turn-around times of service offering.

Minimum Requirements

• Matric 
• FETC (Further Education & Training Certificate) in Short-Term Insurance - NQF 4
• Higher Certificate in Short-Term Insurance (NQF 5) - advantageous
• Successfully passed the RE 5 (Representative Exam)
• Computer literate - Microsoft Word, Excel and Outlook. 
• Exposure to, or work experience on the TIAL Operating System (System A) – advantageous.
• Sound knowledge and understanding of short-term insurance policy wording (Multimark III and/ or Personal Lines).  Sound knowledge of Commercial Products is crucial.
• At least 3 years relevant work experience in Short Term Insurance Commercial Underwriting within an Insurer/ Risk Carrier environment

Competencies Required

• Effective communication skills in the English language (Email and Telephone Etiquette)
• Ability to effectively handle conflict/ irate client
• Solution based thinking
• Effective numerical skills and ability to think analytically with good attention to detail
• High levels of customer service orientation
• Focussed thinking with good ability to work through ''noise''
• Ability to use own initiative when dealing with ''out of the ordinary'' scenarios
• Flexible and adaptable to change
• Ability to perform without or with limited supervision (Confident, Competent and Self-disciplined)

Key Performance Areas:

• Policy Endorsements/ Amendments and quotes on existing business
• Policy Renewals
• Use Risk Surveys to assess adherence to risk requirements and to make informed risk management decisions
• Corrective Action
• Policy Retention

NB! This job is now closed. You can apply for other jobs by uploading your CV.