Personal Lines New Business Consultant/ Underwriter

 

Recruiter:

CIB PTY (LTD)

Job Ref:

JHB000018/NF

Date posted:

Wednesday, October 13, 2021

Location:

Johannesburg, South Africa

Salary:

Market Related basic plus commission


SUMMARY:

CIB is a proudly South-African Underwriting Manager that provides high quality Short-Term Insurance Solutions to our clients via a network of Short-Term Insurance Brokers.  We aim to be THE preferred choice for our brokers when it comes to securing cover for their client’s short-term insurance needs.  

At CIB we develop meaningful and long-lasting partnerships with like-minded brokers, and we pride ourselves on providing sound technical expertise, high quality products, and an exceptional service experience.  For more information on #whyCIB? Please visit our website on www.cib.co.za.



POSITION INFO:

Main purpose of thJob Summary



Job Summary

We are currently looking to hire an experienced Personal Lines Consultant that can join our Dynamic New Business Sales team.  The ideal candidate has a strong background in underwriting Personal Lines business, understands the value of applying sound Risk Management practices to achieve and maintain profitable loss ratios, and has a natural flair for people and relationship building.


The main purpose of the Personal Lines New Business Consultant is to promote new business sales of all personal lines products by developing supportive relationships with their allocated Broker portfolio, and by responding timeously to all possible new business leads by preparing and submitting comparative quotes that succeed in addressing the client’s insurance needs, at a reasonable and competitive price. 

Accuracy of quotes and fast turn-around times on quote requests are crucial to achieve good closing ratios. In line with the Company’s Underwriting guidelines, Consultants are required to apply their skills, knowledge, and discretion in negotiating rates.    We require thinkers!  We require relationship builders!

Consultants are furthermore required to apply their product knowledge to up-sell cover – it’s about providing a comprehensive solution.

This position reports directly into the Technical Sales Manager.
Remuneration:  Basic Salary plus commission.  Benefits include Provident Fund and Group Life cover.

Minimum Requirements
  • Matric
  • FETC (Further Education & Training Certificate) in Short-Term Insurance - NQF 4 (150 credits).
  • Higher Certificate in Short-Term Insurance (NQF 5) - preferred
  • Successfully passed RE5 (Representative Exam)
  • Computer Literate (Microsoft Outlook, Word & Excel)
  • Experience or Exposure on Tial (System A) - highly advantageous
  • Sound knowledge and understanding of relevant Short-Term Insurance policy wording (Personal Lines) - essential
  • Sound proficiency in both English and Afrikaans languages (verbal and written)
  • Minimum 2 years relevant work experience in Short-Term Insurance Sales (Personal Lines).

Competencies Required
  • Ability to plan and prioritise own time to achieve set targets/ performance objectives
  • Ability to take initiative and respond pro-actively and independently to situations to secure positive results
  • Recognises and takes advantage of opportunities that others pass by
  • Accepts ownership and accountability for one’s own actions and decisions
  • Is open to learning opportunities and is committed to continuous self-development
  • Ability to communicate openly, and with impact (strong negotiation skills and the ability to sell)
  • Ability to adapt one’s communication style and content to the audience and context.
  • Ability to easily connect with others and develop professional relationships and partnerships with others
  • Strong listening skills
  • Ability to collaborate successfully with others to achieve common goals/ targets.
  • Demonstrate high levels of customer centricity
  • Effective numerical skills and ability to think analytically with good attention to detail
  • Solution based thinking
  • High levels of self-perception (confidence, self-empowerment, optimism, self-respect)
  • Is not easily deflected by set-backs or rejection.
  • Must be incentive/ target driven
  • Must demonstrate effective business acumen, and knowledge of current trends and opportunities within the industry

Key Performance Areas
  • Quoting on potential new Personal Lines Business.
  • Communicating and negotiating rates and premiums with brokers
  • Write profitable business and maintain satisfactory loss ratios
  • Evaluating and validating client’s previous loss ratio and credit history
  • Sending policy confirmations
  • Maintaining efficient turn-around times
  • Ensure adherence to prescribed underwriting criteria
  • Compilation of closings
  • Development of value adding relationships with brokers and internal staff
  • Attaining individual and departmental sales targets
  • Liaising with the Portfolio Managers in following up on quotes and new business
  • Setting own targets with brokers
  • Liaising with the Technical department on technical issues


 

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



 

 

 

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