Senior Underwriter – FAK at Absa Bank Limited

Job Description (adsbygoogle = window.adsbygoogle || []).push({}); Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Job Summary To work in the capacity of Senior Underwriter/Supervisor in a unit dealing with Quotations in the department to avoid delays and poor quality business. Responsibilities Supervise the assigned underwriting team to ensure the Key Departmental deliveries are achieved especially on corporate quotations. Create strong underwriting technical capacity to enable us implement our - Company strategy around tilting our business to non-motor Create a specialized QUOTATIONS unit within underwriting. Ensure risks are properly underwritten as per the company’s underwriting guidelines and within prescribed mandates. Ensure retention of existing business by timely invitation of renewals Posting Underwriting transactions and other related tasks within the prescribed timelines Receive Risk Notes, Issuing Debit notes and Policy Documents Processing policy documents for the new businesses Assist in Processing Loss ratio reports and review business performance Assist claims department by providing the required documents and details immediately Ensure % adherence to the debt management guidelines. Customer and Intermediary Relationship management RequirementsEducation Bachelor’s Degree – Insurance, Actuarial, Mathematics or EconomicsMinimum of 10 papers in ACII or AIK qualification5 years of Experience in Insurance (technical area) EducationFurther Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)