Position: Non Motor Underwriting Officer
Employment terms: Permanent
Job Summary:
Non-Motor Underwriters will be responsible for the execution all work related to
the Non – Motor General Insurance Department through the company’s systems and
network according to the used forms, documents and endorsements and the
reinsurance agreements and its covers, instructions, and decisions of the
company.
The position holder will report to the Head of Operations or any other person
designated by the management.
MAIN RESPONSIBILITIES:
- Applying sound
underwriting principles on all lines of business of the Non-Motor General
Insurance department.
- Risk assessment and
management
- Risk Surveying
- Preparation,
submission, recording and follow-up of quotations/tenders
- Drafting of Policy
Wordings for Facultative and Fronting General Insurance Businesses
(excluding Financial Lines)
- Technical Support to
the team members and all associated supporting departments
- Monitoring existing
clients’ accounts
- Renewal Retention Ratio
of 80%
- Providing guidance and
assistance to internal and external customers
- Prompting growth, up
selling and business acquisitions
- Policy Processing on
the System
- Issuing, preparing and
examining all Non-Motor General Insurance documents according to systems and
applicable laws not limited to policy documents, cover notes, assignation
letters, letter of intents
- Preparation
(groundworks include past claims, unpaid premiums, previous endorsements,
etc) and issuance of renewal notices
- Collection of KYC
Documents for Client onboarding
- Ensuring that all
policies are dispatched within the agreed SLAs
- Direct technical
analysis and placements while prioritising and building long-term value
through business acumen
- Negotiate with local
and international reinsurance brokers and reinsurers to obtain facultative
reinsurance support and or special acceptances
- Quotation Conversion
Rates, renewal retention rates, renewal protocol and lost accounts
- Drafting monthly
reports about the profitability of the department
- Support your team to
achieve their goals through sharing knowledge and developing expertise.
- Stay up to date with
issues and trends and monitor market development.
- Any other cognate
duties that might be assigned to you in your course of employment.
ACADEMIC QUALIFICATIONS:
- ACII or any relevant
studies to underwriting is a prerequisite
- Any relevant studies in
the insurance sector will be considered
FUNCTIONAL SKILLS:
- Strong Analytical
skills
- Professionalism and
etiquette
- Good maths and
statistics skills
KEY COMPETENCIES:
- Good attitude and
ability to work in a team.
- Negotiation and
interpersonal skills
- Highly motivated,
proactive, and dynamic person
- Demonstrate an attitude
that translates into behaviours aligned with the organisational culture,
values and ethical standards.
EXPERIENCES:
- A minimum of 03 to 05
years of experience in a relevant position.
Interested candidates are requested to send their CV with reference NMUO/JAZM/2023
Motor Underwriting officer as subject to hr@jubileemauritius.com.
