in , , , , , , , ,

New Job Opportunity at UAP Insurance Tanzania – Underwriter


Want create site? Find Free WordPress Themes and plugins.
Tanzania Jobs Portal - Career
UAP Old Mutual Group

Jobs in Tanzania 2021: New Jobs Vacancies at UAP Old Mutual Group 2021

New Job Vacancy UAP Old Mutual Group, Branch Manager March 2021, Ajira Mpya Tanzania, Nafasi Za Kazi, Jobs In Tanzania

UAP Insurance Tanzania is a member of the UAP Old Mutual Group
in East Africa, which is a subsidiary of Old Mutual Limited (OML). UAP
Insurance has been in operations in Tanzania since 2013 following the
acquisition of the majority stake in Century Insurance Company.
We
are proud of our contribution in the growth of the Insurance Industry
and our commitment is to enable our customers achieve their financial
goals through the provision of innovative insurance solutions.

UAP
Insurance Tanzania contributes to the communities that we operate in
through CSR activities in education, health and social welfare and
participates in industry initiatives aimed at improving financial
literacy and inclusiveness in the country.
The Company operates a
large footprint in the country with offices in all major cities and now
wishes to recruit a high caliber individual to fill the following senior
position below…

Recommended:

PAST PAPERS ZA DARASA LA 7 MPAKA FORM SIX | ZIPO ZA NECTA NA MOCK 1988 – 2019. CLICK HERE!
Underwriter
Position:
Underwriter

  • Mbeya
  • Full time

Your time is now to be your exceptional best at Old Mutual!

Job Description
To
ensure that the company business is professionally underwritten to an
acceptable standard within the underwriting guidelines and arranged
reinsurance program
Recommended:
Free
CV Writing and Download, Cover/Job Application Letters, Interview
Questions and It’s Best Answers plus Examples. Click Here!


3. Key outputs
The following key outputs are required from this role.

  • Apply standard rates, calculate premiums, and underwrite new business, renewals, endorsements, and cancellations.
  • Generations of renewal notices and follow up.
  • Prepare premium invoices and collection.
  • Works closely with BD marketing staff/agents, brokers to develop and maintain positive business partnerships
  • Liaison with brokers/agents and direct clients to verify information, explain and interpret coverage.
  • Ensure compliance with standards of service/Customer service charter in all underwriting operations.
  • Perform any other duties as may be requested by Management.


4. Deliverables (work elements)

The following detailed outputs are required from this role.

Quotations and Risk Acceptances


  • Ensure quotations allocated are done and approved by the Underwriting Manager and dispatched within the agreed turnaround time
  • Accept
    new motor and domestic package proposals which meets acceptable
    underwriting standards subject to approval by the Senior Underwriter
    within the delegated authority

Underwriting Process and Procedures

  • Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
  • Register and input all allocated new business in the system within the agreed turnaround time
  • Prepare /Issue policies for all classes of insurance within the system within the agreed turnaround time
  • Process all endorsements within the agreed turnaround time
  • Respond to all correspondence within the agreed turnaround time
  • Ensure adherence to all the process procedures and controls
Recommended:

CHECK SCHOLARSHIPS OPPORTUNITIES TO STUDY ABROAD CLICK HERE!

Risk Management

  • Analyze
    and assess proposals and risk notes and report to the team leader on
    the need to carry out surveys for small to medium size non-standard
    risks
  • Communicate with the team leader on the client’s progress
    on the implementation of surveyor’s recommendations in improving the
    status of risks written

Policy Renewals

  • Work
    on the allocated renewal scrutiny listing 2 months prior to expiry of
    policy and dispatch renewal notices to producers/clients1 month prior to
    renewal date
  • Follow up allocated policies falling due for
    renewal and provide weekly report to Senior Underwriter to ensure
    achievement of monthly retention ratio of at least 90%

Reinsurance

  • Liaising with the Reinsurance Section regarding risks requiring facultative reinsurance placements.

Filing – Comply with the agreed filing and record keeping system Customer Service

  • Attend to direct customers who visit the office for inquiry and provide prompt attention and efficient service

Finance

  • Enforce credit control and effect cancellation for policies not paid to ensure that premium is paid for risks accepted
  • Ensure all monies collected are banked on daily basis


5. Key competencies

The following key behavioural competencies are required to be successful in this role.
• Marketing and customer relations
• Strong interpersonal skills
• Organized and self-driven
• Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance slips
• Good analytical skills
• Computer knowledge
• Ability to communicate effectively
• Good understanding of general Insurance products

Read Also:

NEW TANZANIAN JOBS, INTERNSHIPS AND VOLUNTEERING OPPORTUNITIES 2021 (1,319 POSTS)

Skills
Education

  • Insurance And Risk Management (Required)

Closing Date 23 October 2021

Did you find apk for android? You can find new Free Android Games and apps.

JOIN US ON TELEGRAM
Get Notifications Faster by:
(Visited 28 times, 1 visits today)

New Job Vacancy at Abt Associates Tanzania, Deputy Chief of Party – Technical – Tanzania Horticulture

New Job Opportunity United Nations at UNICEF Tanzania – National Junior Data and Information Management Officer