Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Job Description
- A trade credit insurance underwriter plays a key role in the business, they are essentially part of the front-of-office which means that you are the general contact person for our clients.
- Therefore, you are required to take calls, respond to emails, manage expectations and keep to strict timelines.
- A good understanding of the trade credit insurance industry is needed to manage client policies which can include making policy structure changes by means of endorsements, reviewing the policy on an annual and sometimes ADHOC basis as well as meeting with clients to better understand their requirements.
- This knowledge will also be used to formulate quotations for potential new business.
- In addition to the above, the role requires you to use knowledge of financial statements, industries and the economy to conduct thorough risk assessments of our clients debtors book and submit motivations for authorization.
- This will include gathering of information such as bank statements, financial statements, credit bureau updates and getting to understand the business being underwritten.
- This information needs to be filed accordingly ensuring all admin is up to date. It is also required for adverse information to be interpreted and decisive action to be recommended as and when it occurs.
- Able to work under pressure good workflow management is required
- Effective time management ensuring deadlines are met
- Work task organization e.g scanning, motivations, reviews and endorsements
- Attention to detail, adaptability, and ability to optimize resources
- Computer literacy, with the ability to operate excel and create power point presentations
- Good Telephone communication skills paired with professional writing. You will be dealing with brokers, clients and debtors on a daily basis.
- Collaboration with team members
- Ability to assess financial statements
- A degree in Finance, Risk or Economics will be advantageous.
Responsibilities
Underwriting Insurance Cases
Review new business and renewal proposals to ensure acceptability and completeness of underwriting and rating information, providing price quotations for underwriters and referring unusual or complex cases to senior colleagues.
Underwriting Automation
Carry out allocated research and analysis to support the development, validation, and improvement of automated underwriting processes and systems.
Organizational Risk Management
Keep track of risk parameters, identifying any deviations and reporting them to more senior colleagues. Involves working within established risk management systems.
Regulatory and Compliance Management
Investigate standard incidents using current regulatory and compliance processes, systems, and procedures, and take action to solve immediate compliance issues. Advise more senior colleagues on more complex problems.
External Communications
Help others get the most out of external communications systems by offering support and advice.
Recommendations
Advise managers how to apply a wide variety of existing procedures and precedents.
Document Preparation
Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.
Operational Compliance
Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.
Personal Capability Building
Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.
Skills
Action Planning, Compliance Software, Computer Literacy, Crisis Management, Data Compilation, Data Controls, Large Group Presentations, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Regulatory Compliance Management, Risk Management, Underwriting Management
Competencies
Action Oriented
Business Insight
Collaborates
Communicates Effectively
Decision Quality
Ensures Accountability
Financial Acumen
Instills Trust
Education
NQF Level 5 - Higher, Advance or Occupational Certificate or equivalent
Closing Date
11 February 2025 , 23:59
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.
All prospective employees are required to disclose their vaccination status as part of the recruitment process.
Please refer to the Old Mutuals Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
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