Underwriting Officer at Fosad Consulting

Job Description

• gathering and assessing background information in order to effectively assess the risk involved;
• calculating possible risk and deciding how much individuals or organisations should pay for insurance (the premium);
• deciding whether the risk should be shared with a reinsurer;
• computing results for appropriate premiums using actuarial information, other statistics and own judgement;
• visiting brokers or potential customers and preparing quotes;
• liaising with specialists, such as surveyors or doctors, for risk assessment;
• gathering information and various types of reports (e.g. medical records) from specialists;
• negotiating terms with policyholders or their brokers;
• ensuring that premiums are competitive;
• specifying conditions to be imposed on different types of policies, for example, asking that a property owner install a security alarm;
• negotiating with brokers and drawing up contracts;
• writing policies;
• keeping detailed and accurate records of policies underwritten and decisions made.

Qualifications/Requirements

• First degree in a numerate or semi-numerate discipline.
• Strong oral and written communication skills.
• Ability to manage customer expectations effectively.
• Ability to effectively plan, prioritise and organise caseload.
• Proficiency in using MS Office suite.
• Candidate must be fast at learning and able to deliver on turnaround time