Group Risk Underwriting Consultant
Responsible for end-to-end underwriting across Group Risk and to implement company Underwriting Best Practice standards and IRA guidelines and regulations coupled with periodic financial, actuarial, and non-financial reconciliation
Quotations for Group Risk products and onboarding of new schemes
End to end Renewal process
Timely and effective reports to internal stakeholders and brokers.
Implement credit control policy
Daily reconciliation, premium administration and subsequent accounting for commissions.
Participate in Business Development through end-to-end tender process directly and/or through brokers.
Prepare and compile underwriting reports enhanced with qualitative assessment; portfolio analysis, & risk recommendation
Collaboratively assess the loss ratios and report as per claims and underwriting best practice
Preparation of reinsurance bordereaux end-to-end
Provide underwriting and claims technical support to operation, business development and finance departments in all phases of the customer cycle.
Individual & team behavior aligned to the Absa Way Drivers for above average score on Absa colleague experience index and positive work environment for colleague engagement
Education and Experience Required
BSC Actuarial or BCom (Insurance Option)
Professional qualification in Insurance (ACII, FLMI or AIIK)
At least 3 years’ experience in insurance underwriting and claims processing in credit life, Group Risk and/or Retail Life.
Extensive experience in analysis of financial and legal documents and data analysis.
Articulate the role’s end to end processes including applicable risks and controls and how this meets the corporate strategy.
Managing the facilitation of internal and external auditors/actuaries to ensure complete and efficient audit process and follow up implementation of audit recommendations.
Strong negotiations and influencing skills Knowledge of business acquisition and retention
Oral and written communication skills Level:
Attention to detail
Advanced Microsoft Excel; SQL; PowerPoint
Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
MODE OF APPLICATION
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About Absa Bank Limited
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