Underwriter (Senior) KwaZulu-Natal

Discovery Limited is actively recruiting for a Underwriter (Senior) position in KwaZulu-Natal. This is an excellent opportunity for professionals in the Finance / Accounting / Audit sector looking to advance their careers.

• Experience Level: 5 years • Educational Background: Others or equivalent • Industry Focus: Finance / Accounting / Audit • Location Preference: in KwaZulu-Natal

Financial professionals like Underwriter (Senior) are vital for organizational stability and compliance. This role offers the opportunity to impact business strategy and financial health.

This role in Finance / Accounting / Audit offers valuable career progression opportunities aligned with your experience level and professional aspirations.

When applying for this Underwriter (Senior) position, ensure your CV highlights: • Relevant experience matching the 5 years requirement • Educational qualifications in line with Others • Specific achievements in the Finance / Accounting / Audit field • Any certifications or specialized training

The Finance / Accounting / Audit sector in South Africa continues to show strong demand for skilled professionals. This position represents a valuable opportunity in the current job market.

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Key Purpose 

To underwrite all cases for VitalityLife, our UK based Life Insurance company, within authority limits and all benefits taking into account medical, financial, territorial and vocational risks of new and existing business. To support dedicated Key Distribution partners and advisors through various communication channels. To underwrite more complex cases which could include medical reports, aviation questionnaires, etc. 

Key outputs  

The successful applicant will be responsible for but not limited to the following job functions:  

Building effective relationships with brokers, franchises and our internal system department to ensure successful execution of our deliverables and targets.  Make effective decisions by applying underwriting knowledge and experience to ensure that the risks involved have been weighed up.  Ensuring that the Underwriting system is efficient and effective by reporting systems difficulties to the relevant systems team.  Demonstrate a bias for speed and execution in assessing and underwriting a minimum of 50 cases per day to ensure outcomes are delivered.  Conduct accurate underwriting requirement setting within SLA in order to meet objectives  Make Underwriting decisions on Level 1 and Level 2 cases for effective problem solving.  Deal with underwriting related queries on the broker and franchises for better service delivery.  Managing the underwriting production for the first pass and level 1 (Path) work and to make sure SLAs are met in order to ensure a smooth flow in the system. 

Competencies and Skills 

Behavioural Competencies 

Following instruction and procedures (Self-development)  Analysing (Managing Complexity)  Optimise work processes  Applying Expertise and Technology  Adhering to Principles and Values  Learning and Researching (Nimble Learning)  Presenting and communicating information (Communicating effectively)  Delivering results and meeting customer expectations (Customer focus)  Deciding and initiating action (Decision Quality)  Working with people (Collaborating)  Writing and reporting (Communicating effectively) 

Knowledge 

Understanding VitalityLife Products – Advanced  Financial Principles and Interpretation – Intermediate  Understanding VitalityLife Systems – Advanced  UK Specific Insurance Legislation – Intermediate  Medical conditions – Intermediate  Understanding of Risk Management & assessment - Intermediate 

Skills 

Computer literacy (MS word, Excel, AI tools) – Intermediate  Communication (Written & Verbal) – Advanced  Decision making / Independent thinking – Advanced  Analysis of information - Advanced 

Personal Attribute and Skills: 

Customer Centric  Able to work during international business hours (UK Time zone) 

Education and Experience 

Education:  

Matric/Grade 12 is essential (Mathematics, Biology/Life Sciences and English)  Medical Diploma advantageous  Insurance/Underwriting/Risk Management qualification is advantageous 

Experience  

Medical or Insurance experience is advantageous  A minimum of 5 years working experience in an underwriting environment in the life insurance industry is essential.  Underwriting experience in United Kingdom may be advantageous.