Underwriting Assistant at CIC Insurance

Job Description

PURPOSE:

Reporting to the supervisor- policy administration, the underwriting assistant will evaluate, analyse and implement the terms applied on risks proposed so as to deliver the desired loss ratio and profitability.

PRIMARY RESPONSIBILITIES:

Conduct preparation of debits, credits and policy document and contract issuance.
Process premium refunds to customers
Monitor and track liquidity of client fund accounts.
Issue and approve quotations within specified limits.
Promptly respond to customer/partner enquiries and feedback.
Facilitate policy documentation process to achieve timely issuance of cover, debits, policy documents and endorsements.
Manage renewal process to achieve the set turnaround time and retention.
Co-ordinate endorsement and debiting activities to ensure quality and excellent customer service for assigned accounts
Review existing risks, recommend and implement risk mitigation measures.
Propose review of departmental business processes and systems to meet the changing business needs and client expectations.
Conduct reconciliation of underwriting issues relating to claims, finance and other supporting functions.
Propose cancellation and suspension of policies due to non-payment

Academic and Professional Requirements

Particulars Detail Specific Field or Qualification

Education Bachelor’s Degree. Bachelor’s degree in a related field.
Professional Qualification Insurance related or Actuarial professional qualification is an advantage

Experience Required:

Description Required years of experience

Minimum experience in similar role 1 year