Specialist Underwriter QNA page is loaded
Specialist Underwriter QNAApply locations Pinelands posted on Posted 2 Days Ago job requisition id JR-61844
Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description Critical objectives and responsibilities Responsible for risk evaluation and selection / rejection of new business for all assigned accounts within the portfolio.Continuous improvement to ensure effective serviceService delivery to ensure customer satisfactionCost control and governance adherenceQuality people practicesExperience, knowledge & skills required Diploma and/or equivalent NQF Level 5 qualification in general insurance.5 years' experience in commercial underwriting.The Recruitment process: TA Interview: This will be a discussion with a member of the TA Team to give you an understanding of our business, our culture & values and more context on the role. It will also allow up the opportunity to get to know you a little better, and ensure OMI can meet your needsPanel Interview: This will be with 2 members of the senior leadership of the data team and 1 member of the HC leadership teamTechnical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with MIE & Internal VerificationFinal FeedbackResponsibilities Underwriting Insurance CasesReview new business and renewal proposals to ensure acceptability and completeness of underwriting and rating information, providing price quotations for underwriters and referring unusual or complex cases to senior colleagues.
Underwriting AutomationCarry out allocated research and analysis to support the development, validation, and improvement of automated underwriting processes and systems.
Organizational Risk ManagementKeep track of risk parameters, identifying any deviations and reporting them to more senior colleagues. Involves working within established risk management systems.
Regulatory and Compliance ManagementInvestigate standard incidents using current regulatory and compliance processes, systems, and procedures, and take action to solve immediate compliance issues. Advise more senior colleagues on more complex problems.
External CommunicationsHelp others get the most out of external communications systems by offering support and advice.
Document PreparationOrganize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.
Operational ComplianceDevelop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.
Personal Capability BuildingDevelop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.
Skills Action PlanningCompliance SoftwareComputer LiteracyCrisis ManagementData CompilationData ControlsLarge Group PresentationsLegal PracticesManagement ReportingNumerical AptitudeOral CommunicationsRegulatory Compliance ManagementRisk ManagementUnderwriting ManagementCompetencies Action OrientedBusiness InsightCollaboratesCommunicates EffectivelyDecision QualityEnsures AccountabilityFinancial AcumenInstills TrustEducation NQF Level 5 - Higher, Advance or Occupational Certificate or equivalent
Closing Date 16 January 2025 , 23:59
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
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