Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Responsible for risk evaluation and selection / rejection of new and renewal business to ensure profitability across all assigned accounts within the portfolio.
Job Description
- Responsible for risk evaluation and selection / rejection of new and renewal business to ensure profitability across all assigned accounts within the portfolio.
- Responsible for risk evaluation and selection/rejection of new and renewal business to ensure profitability.
- Perform risk evaluation on new and renewal business using rating guidelines, industry and occupational classifications, manual rating, experience information (e.g. premium, claims, reserves, and rate history and average exposure) for all assigned accounts.
- Determine required premium level based on experience and manual rates, plan design, services, and competitive information in accordance with organisational guidelines.
- Monitor profitability as measured by loss ratio improvement.
- Complete semi-annual and ad hoc profitability analysis for all assigned cases. Analysis to include but not limited to action plans for moving accounts to profitability and complete assessment of claim trends and services.
- Determine renewal terms including required premium level and policy plan change recommendations and deliver complete renewal package according to organisational department guidelines.
- Accountable for the accuracy and completeness of renewal data for assigned cases.
- Negotiate all subsequent appeals regarding premium levels and policy plan provisions and involve relevant stakeholders in decision making and negotiating as necessary.
- Participate in interdepartmental discussions on renewal business issues and make recommendations regarding policy
- Approve above mandate referrals by combining research outcomes, past experience, intuition and commercial / business acumen to fully understand the risk and the impact of the referral.
Diploma and/or equivalent NQF Level 5 qualification in general insurance.
3 5 years experience in commercial underwriting.
Skills
Education
Closing Date
12 January 2024
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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