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South Africa

Underwriting Technician - Gaborone

Company Bryte Insurance Company Limited
Reference # UTB
Published 07/04/2021
Contract Type Permanent
Salary Market Related
Location Gaborone, South East, Botswana
Introduction
The role holder will be responsible to manage, develop and grow a designated panel of Brokers and direct clients to retain existing business and generate new business opportunities to achieve the desired sales volumes, Gross Written Premiums and Loss Ratio Targets. This includes any other duties that the underwriting manager may assign to you.

The role of the Underwriting Tech is:
• To Produce a Business Plan that reflects market opportunities for area of responsibility
• Produce a Sales plan that demonstrates how to identify, develop and manage prospects
• Underwrite and accept risks within delegated authority to achieve effective implementation of business.
• Grow and retain Bryte Sales target to ensure the GWP and profitability targets are met
• Track Productivity levels
• Strategically analyse the Brokers business plan and develop future business opportunities
• Ensure that technical and operational underwriting standards, procedures and controls are complied with
• Implement agreed underwriting measures to attain targeted loss ratios and rates
• Ensure adherence to the Teams Sales plan
• To analyse and underwrite new and existing policies effectively within Delegated Authority (DA) limits in order to achieve agreed levels of underwriting performance by providing technical underwriting support and assistance
• To provide high quality service and solutions to brokers and customers in order to ensure business retention and growth
• To provide effective qualitative underwriting and to demonstrate superior product knowledge.
• Produce an all -encompassing (All LObs) monthly report for the underwiring team
• Analysis of on non-performing LOBs
Job Functions Sales
Industries Insurance
Specification
Key Tasks & Accountabilities

• Achieve targeted underwriting profit through utilisation of underwriting skills
•Growth and retention of business
•Provide qualitative service levels to internal and external stakeholders
•Focused underwriting of risks within delegated authority to achieve effective implementation of business plan
•Align with sales target to ensure the GWP, loss ratio and profitability targets are met
•Align with Bryte guiding principles and way of doing business
•Deliver and enhance the highest level of client satisfaction by working with brokers to map and determine their business needs in delivering superior client service
•Strategically analyse the broker’s business plan and develop future business opportunities
•Maintain relationships with brokers and provide technical and underwriting support as required
•Maintain relationships with internal departments to ensure delivery of the highest level of client service for our clients and brokers
•Comply with technical and operational underwriting standards, procedures and controls
•Implement agreed (re) underwriting measures to attain targeted loss ratios and rates
Requirements
Qualifications & Experience

•3 years insurance industry experience and sound experience in Sales with a strong presence in the Broker and direct client’s community.
•Insurance Qualifications, Engineering qualification will be an added advantage
•Technical competent in Engineering and marine Products and underwriting principles
•Business and Financial acumen
•A fair understanding of bonds and guarantees, Marine and aviation insurance
•Have market-facing experience due to high degree of broker interaction in this role

Knowledge

•Sound understanding and knowledge of Botswana Insurance and Reinsurance market
•Sound knowledge of how to optimise underwriting performance at both policy and portfolio levels
•Technical knowledge and understanding of underwriting principles
•Financial and Business acumen
•Knowledge of how to process policy on TIAL

Skills and Attributes

•Excellent communication skills (verbal and written)
•Strong numeracy skills
•Strong underwriting skills
•Strong analytical skills
•Computer literate
•Good relationship building skills
•Sound interpersonal skills

Travel and Other Requirements

•Extensive local travel in the role
•Own car a requirement

Job Closing Date 20/04/2021
   
   
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Last Updated: 4-3-2021 [21.03.01.02]
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