Job Opportunity at UAP – Old Mutual Insurance Tanzania, Underwriter (Mbeya Branch)

 


Underwriter
(Mbeya Branch)  

Your time is now to be your exceptional best at Old Mutual!

Job Description

Quotations and Risk Acceptances

  • Ensure quotations allocated are done and approved by the Underwriting Manager and dispatched within the agreed turnaround time
  • Accept new motor and domestic package proposals which meets acceptable underwriting standards subject to approval by the Senior Underwriter within the delegated authority

Underwriting Process and Procedures

  • Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
  • Register and input all allocated new business in the system within the agreed turnaround time
  • Prepare /Issue policies for all classes of insurance within the system within the agreed turnaround time
  • Process all endorsements within the agreed turnaround time
  • Respond to all correspondence within the agreed turnaround time
  • Ensure adherence to all the process procedures and controls

Risk Management

  • Analyze and assess proposals and risk notes and report to the team leader on the need to carry out surveys for small to medium size non-standard risks
  • Communicate with the team leader on the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written

Policy Renewals

  • Work on the allocated renewal scrutiny listing 2 months prior to expiry of policy and dispatch renewal notices to producers/clients1 month prior to renewal date
  • Follow up allocated policies falling due for renewal and provide weekly report to Senior Underwriter to ensure achievement of monthly retention ratio of at least 90%

Reinsurance

  • Liaising with the Reinsurance Section regarding risks requiring facultative reinsurance placements.
  • Filing – Comply with the agreed filing and record keeping system Customer Service
  • Attend to direct customers who visit the office for inquiry and provide prompt attention and efficient service

Finance

  • Enforce credit control and effect cancellation for policies not paid to ensure that premium is paid for risks accepted
  • Ensure all monies collected are banked on daily basis

Responsibilities

Skills and Experience

2-3 years work experience

Education

Bachelors Degree (B): Insurance (Required)

The deadline for submitting the application is 29 December, 2020

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