Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Minimum Requirements:

Grade 12 with 25 points.Relevant Tertiary qualification: Diploma, Advanced Diploma, Associate Degree, Graduate Certificate, Graduate Diploma.3-5 years’ underwriting experience.Good communication skills (written and spoken English). Bilingual (English & Afrikaans) is an advantage.Excellent mathematical skills.Must be client orientated.Team Player.Good interpersonal skills (internal & external).Admin orientated and must give attention to detail.Must be energetic, embrace the OMSIC Values and must be prepared to go beyond the confines of “normal” underwriting.Relevant tertiary (short-term insurance) qualification is an additional advantage.

Job Description:

Accurate underwriting of Corporate risks in line with the risk appetite and pricing mandates and guidelinesEnsure that renewal instructions are timeously communicated with clients and brokersNew business closing and renewals are accurately processedEnsuring that all documentation is processed accurately, and reinsurance is placed, if needed.Attending to administration and written communication.Ensuring that documentation is issued, checked, and authorized timeously.Maintaining high-quality service, policy contracts and general communication through compliance with Old Mutual policies, procedures and standards;Resolving and communicating feedback on escalated customer queries and complaints.Ensuring renewal reviews are completed timeously.

Supporting BDC’s in acquiring and retaining profitable business.

Reviews risk submissions from clients, agents, and referrals, and underwrites insurance requests within guidelines of the underwriting manual and authority limits. Applies underwriting and risk-selection techniques to determine acceptability of new and renewal insurance risks.

ResponsibilitiesUnderwriting 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, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Professional Presentation, Regulatory Compliance Management, Risk Management, Underwriting Management

Competencies

Action OrientedBusiness InsightCollaboratesCommunicates EffectivelyDecision QualityEnsures AccountabilityFinancial AcumenInstills Trust

Education

Diploma (Dip)

Closing Date

03 July 2025 , 23:59

The Old Mutual Story!