Underwriter Specialist: Liability

Introduction

Job Purpose

Assist in the design and implementation of a technical underwriting framework for the Specialist

Liability Division that fosters superior risk selection, streamlined processing, loss ratio management

and underwriting profitability. In addition, is responsible for overseeing the operational support for the

specialist liability division.

Duties & Responsibilities

Responsibilities

Underwriting

Contribute to the decisions around technical or professionalunderwriting and business enhancement solutions that would significantly improve business performance. Make informed decisions and resolve matters raised with regard to underwriting by analysing information evaluating results to apply the best solution in line with the Specialist Liabilities Division guidelines. Work within underwriting processes in

the Specialist Liabilities Division and ensure that appropriate measure are discussed and implemented. Apply judgement when authorising discounts for policies in accordance with the authority delegated. Assist with certain responsibilities within specific projects that impact Underwriting

Product & Solution Development

Assist with market comparison on all available information from our partners, the industry, and internally to ensure we are constantly reviewing our departmental processes, systems and protocols with a view to improve efficiencies. Identify business opportunities; produce new ideas, approaches or insight; assist with implementation of any newproducts products or designs

Risk Management & Analysis

Evaluate individual risks for acceptance where potential high risk scenarios exist or where there are changes to a clients’ claims behaviour. Conduct telephonic audits and assist with any SQA issues which may prevail. Maintain consistency in criteria for risk acceptance thereof

Underwriting Policy Development & Implementation

Assist in the development of underwriting frameworks for the underwriting department. Assist with creating underwriting procedures and monitoring their implementation within underwriting. Monitor adherence to set mandates through technical audits and controls as set in the underwriting framework. Leverage all available information from our partners, the industry and internally to ensure we are constantly reviewing the underwriting processes, systems and protocols with a view to improve

efficiencies and to ensure best practice

Operational Compliance

Monitor and review performance and behaviors within area of responsibility to identify and resolve non-compliance with the organisation's policies and relevant regulatory codes and codes of conduct. Ensure that business activities within underwriting comply with relevant external regulatory codes and with internal policies and procedures to minimise business risk and to protect the reputation of the

organisation. Undertake technical underwriting audits. Maintain business rules around when audits are required and adhere to underwriting guidelines and standards by managing audits. Ensure that business objectives and personal delivery aligns to and meets the TCF principles.

Desired Experience & Qualification

Desired Experience

3-5 years experience in Specialist Liabilities underwriting(Essential); 3-5 years experience in Short-term insuranceindustry - general commercial underwriting experience(Advantageous).

Qualification

Degree in Underwriting or Mathematics or similar(Advantageous); RE 5 (Essential); FAIS recognised

qualification (Essential); FIISA, AIISA or Diploma in Insurance or equivalent (Advantageous); Business Analysis certificate or similar (Advantageous)