Policy Wording And Technical Underwriting Specialist

POLICY WORDING AND TECHNICAL UNDERWRITING SPECIALISTDate: 6 Sep 2024
Location: Johannesburg, Gauteng, ZA
SBS Underwriting in its Personal Lines Underwriting team has a position available for a Policy Wording and Technical Underwriting Specialist who will be based in Auckland Park, Johannesburg or Bellville, Cape Town.
What will make you successful in this role?The purpose of the role is to support Personal Lines and Outsourced Business.The incumbent will be responsible and accountable for compiling, updating, reviewing and maintaining policy wordings, endorsements, addendums, terms, conditions, PPR/Disclosure notices, etc.Responsible for providing sound claims and personal lines underwriting advice from both a legal and underwriting perspective.Responsible for adherence to all regulatory requirements within Personal Lines Underwriting.Integrate and update existing Underwriting manuals/policies, operational manuals, and underwriting guidelines.Create new underwriting guidelines and procedures if required.Assist in formulating and signing off underwriting circulars and media articles.Analyze, interpret, review, recommend, and communicate policy wording/endorsement changes to Binderholders and relevant stakeholders.Assist with product changes and associated projects.Align product changes to that of policy wordings and endorsements.Drive implementation and monitor results.Qualifications & ExperienceMinimum of 8 years' experience in Short Term insurance - Personal Lines.Strong technical product underwriting knowledge and proficiency in Personal Lines.Understanding of risk management.A degree in Insurance & Risk Management or similar disciplines would be an advantage.Computer literate with extensive experience in Excel, Word, Acrobat Pro, and PowerPoint.Knowledge of the short term insurance legal framework.Knowledge & SkillsHigh analytical thinking.Ability to grasp concepts quickly.Exceptional problem-solving skills.Strong ability to manipulate and interpret policy wording.Strong communication and presentation skills.Proactive and self-motivated.Ability to perform under pressure.Time management and focused delivery of deadlines.Good planning, analytical, and decision-making skills.A good team player who integrates and shares knowledge and skills.
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