Senior Underwriter
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. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of Africa’s major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. The Group was formed through combining Absa Group Limited and Barclays’ African operations on 31 July 2013. Reflecting the enlarged group’s pan-African focus, the Group's name changed from Absa Group Limited, to Barclays Africa Group Limited on 2 August 2013. Registered head offices are in South Africa and the Group has majority stakes in banks in Botswana, Ghana,Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group has representative offices in Namibia and Nigeria, as well as bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges.Barclays Bank PLC has operations in Egypt and Zimbabwe, which are part of the African business and continue to be run by Barclays Africa Group’s management
Job Summary
To work in the capacity of Senior Underwriter/Supervisor in a unit dealing with Quotations in the department to avoid delays and poor quality business.
Job Description
- Supervise the assigned underwriting team to ensure the Key Departmental deliveries are achieved especially on corporate quotations.
- Create strong underwriting technical capacity to enable us implement our 2023 -2026 Company strategy around tilting our business to non-motor
- Create a specialized QUOTATIONS unit within underwriting.
- Ensure risks are properly underwritten as per the company’s underwriting guidelines and within prescribed mandates.
- Ensure retention of existing business by timely invitation of renewals
- Posting Underwriting transactions and other related tasks within the prescribed timelines
- Receive Risk Notes, Issuing Debit notes and Policy Documents
- Processing policy documents for the new businesses
- Assist in Processing Loss ratio reports and review business performance
- Assist claims department by providing the required documents and details immediately
- Ensure 100% adherence to the debt management guidelines.
- Customer and Intermediary Relationship management
Education
- Bachelor's Degree - Insurance, Actuarial, Mathematics or Economics
- Minimum of 10 papers in ACII or AIK qualification
- 5 years of Experience in Insurance (technical area)
