Old Mutual Recruitment – Technical Underwriting Consultant

Job Responsibilities:

• Responsible for risk evaluation and selection / rejection of new and renewal business to ensure profitability across all assigned accounts within the portfolio.
• Responsible for risk evaluation and selection/rejection of new and renewal business to ensure profitability.
• Perform risk evaluation on new and renewal business using rating guidelines, industry and occupational classifications, manual rating, experience information (e.g. premium, claims, reserves, and rate history and average exposure) for all assigned accounts.
• Determine required premium level based on experience and manual rates, plan design, services, and competitive information in accordance with organisational guidelines.
• Monitor profitability as measured by loss ratio improvement.
• Complete semi-annual and ad hoc profitability analysis for all assigned cases. Analysis to include but not limited to action plans for moving accounts to profitability and complete assessment of claim trends and services.
• Determine renewal terms including required premium level and policy plan change recommendations and deliver complete renewal package according to organisational department guidelines.
• Accountable for the accuracy and completeness of renewal data for assigned cases.
• Negotiate all subsequent appeals regarding premium levels and policy plan provisions and involve relevant stakeholders in decision making and negotiating as necessary.
• Participate in interdepartmental discussions on renewal business issues and make recommendations regarding policy
• Approve above mandate referrals by combining research outcomes, past experience, intuition and commercial / business acumen to fully understand the risk and the impact of the referral.

Job Requirements:

• Accountable, Business, Profitability, Profitability Analysis
• Advanced Certificate in Short Term Insurance: Insurance (Specialisation In Short-Term Insurance), Matriculation Certificate (Matric) (Required)

Job Details:

Company: Old Mutual

Vacancy Type:  Full Time

Job Location: Pretoria

Application Deadline: N/A

Apply Here

jobstrivia.xyz