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Underwriter

Underwriter

SenwesZA
27 days ago
Job description

Job title : Underwriter

Job Location : North West, Klerksdorp

Deadline : October 02, 2025

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Issuing of new business, underwriting and updating of policies.

  • Distribute received requests for new business & general amendments.
  • Analyse data received and assess risks.
  • Issuing of quotes as per insurer’s mandate (determine rates / premiums).
  • Apply underwriting rules as per each insurer’s mandate.
  • Issue new policy or update existing policies as per request.
  • Compare quote / request with actual system.
  • Verify correctness of transaction.
  • Correspond with broker / assistant.
  • Send confirmation of updates.
  • Send updates policies to insurers.
  • Sending of cancellation letter to client.

    • Ensure a profitable portfolio by applying midterm adjustments.

  • Attend monthly mid-term adjustment committee meetings.
  • Analyse data (premium vs loss ration / multi claimants), and assess risk.
  • Determine additional underwriting per policy.
  • Correspond adjustments with brokers.
  • Apply additional underwriting on policies where necessary.
  • Send correspondence to the insured regarding mid-term adjustments done.
  • Ensure thorough record keeping.

    • Renewals.

  • Attend monthly renewal committee meetings.
  • Analyse data (premium vs loss ration / multi claimants), and assess risks.
  • Determine additional underwriting per policy where necessary.
  • Apply renewal terms to renewal policies.
  • Record keeping.

    • General administration.

  • Issuing of credit note / debit note / request for EFT.
  • Send correspondence regarding outstanding annual premiums / pro rata premiums.
  • Cancellation of policies / endorsements when payment of outstanding annual premiums / pro rata premiums are not received.
  • Send credit note, etc. to finance department.
  • Send notification of unmet premium to client / broker / assistants.
  • Receive correspondence regarding cash payments.
  • Send notification of cash payment to finance department for processing
  • Handling of enquiries.
  • Do ad hoc functions as required, and filing of all relevant documentation.

    • Requirements

  • Experience :  2 years' experience in a short-term insurance environment
  • Qualification : National Senior Certificate. Candidates with FAIS, RE5 or relevant insurance qualification will receive preference.
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