Group Risk Underwriting Consultant

Date Posted: Oct. 15, 2022, 7:15 a.m.

Absa Bank Limited

Job Description

Job Summary

Responsible for end-to-end underwriting across Group Risk and to implement company Underwriting Best Practice standards and IRA guidelines and regulations coupled with periodic financial, actuarial, and non-financial reconciliation

Job Description

  • Quotations for Group Risk products and onboarding of new schemes
  • End to end Renewal process
  • Timely and effective reports to internal stakeholders and brokers.
  • Implement credit control policy
  • Daily reconciliation, premium administration and subsequent accounting for commissions.
  • Participate in Business Development through end-to-end tender process directly and/or through brokers.
  • Prepare and compile underwriting reports enhanced with qualitative assessment; portfolio analysis, & risk recommendation
  • Collaboratively assess the loss ratios and report as per claims and underwriting best practice
  • Preparation of reinsurance bordereaux end-to-end
  • Provide underwriting and claims technical support to operation, business development and finance departments in all phases of the customer cycle.
  • Individual & team behavior aligned to the Absa Way Drivers for above average score on Absa colleague experience index and positive work environment for colleague engagement

Education and Experience Required

  • BSC Actuarial or BCom (Insurance Option)
  • Professional qualification in Insurance (ACII, FLMI or AIIK)
  • At least 3 years’ experience in insurance underwriting and claims processing in credit life, Group Risk and/or Retail Life.
  • Extensive experience in analysis of financial and legal documents and data analysis.
  • Articulate the role’s end to end processes including applicable risks and controls and how this meets the corporate strategy.
  • Managing the facilitation of internal and external auditors/actuaries to ensure complete and efficient audit process and follow up implementation of audit recommendations.
  • Strong negotiations and influencing skills Knowledge of business acquisition and retention
  • Oral and written communication skills Level:
  • Attention to detail
  • Basic numeracy
  • Analytical skills
  • Advanced Microsoft Excel; SQL; PowerPoint

How To Apply

Interested and qualified candidates should make their Applications to Absa Bank Limited via the link Jobs at Absa

Apply for this Job Now

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