Underwriter at Absa Bank Limited

Job Description

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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 provide specialist advice and support relating to underwriting, applying set rules to guard against risk, in alignment with related scheme and policy conditions, through the execution of predefined objectives as per agreed SOPs.

Responsibilities

Compute competitive quotations in line with the underwriting philosophy and discuss them with clients Underwrite general insurance Print certificates and car stickers Collect background information and assess risk Analyse statistical data using specialist computer programs Prepare quotes and negotiate the terms with brokers and clients Prepare insurance policy terms and conditions Liaise with insurance brokers and customers Prepare regular management reports on production and other relevant reports. Process debits and credits and issue insurance certificates Receive risk notes and issue policy documents Prepare and issue renewal notice Risk profiling on suspect claims to establish under writing gaps. Client relationship management