Technical Underwriting Consultant

Cape Town - South Africa

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Lets Write Africas Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Responsible for risk evaluation and selection / rejection of new and renewal business to ensure profitability across all assigned accounts within the portfolio.

Responsible for risk evaluation and selection/rejection of new and renewal business to ensure profitability.
Perform risk evaluation on new and renewal business using rating guidelines industry and occupational classifications manual rating experience information (e.g. premium claims reserves and rate history and average exposure) for all assigned accounts.
Determine required premium level based on experience and manual rates plan design services and competitive information in accordance with organisational guidelines.
Monitor profitability as measured by loss ratio improvement.
Complete semi-annual and ad hoc profitability analysis for all assigned cases.
Analysis to include but not limited to action plans for moving accounts to profitability and complete assessment of claim trends and services.
Determine renewal terms including required premium level and policy plan change recommendations and deliver complete renewal package according to organisational department guidelines.
Accountable for the accuracy and completeness of renewal data for assigned cases.
Negotiate all subsequent appeals regarding premium levels and policy plan provisions and involve relevant stakeholders in decision making and negotiating as necessary.
Participate in interdepartmental discussions on renewal business issues and make recommendations regarding policy
Approve above mandate referrals by combining research outcomes past experience intuition and commercial / business acumen to fully understand the risk and the impact of the referral.

Skills

Action Planning Compliance Software Computer Literacy Crisis Management Data Compilation Data Controls Legal Practices Management Reporting Numerical Aptitude Oral Communications Professional Presentation Regulatory Compliance Management Risk Management Underwriting Management

Competencies

Action Oriented

Business Insight

Collaborates

Communicates Effectively

Decision Quality

Ensures Accountability

Financial Acumen

Instills Trust

Education

NQF Level 5 - Higher Advance or Occupational Certificate or equivalent

Closing Date

14 September 2025 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!

Required Experience:

Contract

Lets Write Africas Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionnaResponsible for risk evaluation and selection / rejection of new and renewal business to ensure profitability across all assigned accounts within the port...