Underwriter Medical FAK
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
Underwriter - Medical (FAK) at Absa Bank Limited
Job Description
- Preparation of quotations
- Preparation of loss ratio reports and provision of appropriate renewal terms
- Product review and pricing for new and existing products
- Monthly tracking of claims and membership trends: average cost analysis, membership count, rejection rates and provide recommendations to address significant variances
- Negotiate terms with prospective clients and intermediaries
- Build relationships with intermediaries
- Membership management: entries and exits, card requests, debit and credit note preparations.
Knowledge, Experience and Qualifications required:
- Bachelor’s degree (insurance/ Actuarial Science option preferred).
- Progress in Professional qualification in Insurance (ACII, FLMI or IIK).
- 2-4 years’ experience in medical
Technical/ Functional competencies:
- Knowledge of insurance regulatory requirements.
- Knowledge of insurance products.
- Sales and marketing management skills.
