At a Glance
- Tasks: Underwrite and analyse new and renewal business to achieve growth and profitability targets.
- Company: Join a leading insurance firm with a focus on innovation and customer service.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Other info: Opportunity to develop expertise in commercial underwriting and enhance your career.
- Why this job: Make impactful decisions in a dynamic industry while ensuring regulatory compliance.
- Qualifications: 3-4 years in insurance risk management and strong communication skills required.
The predicted salary is between 50000 - 60000 £ per year.
To underwrite and analyse new and renewal business within South Africa in order to achieve the budgeted growth and profitability targets. Provide intelligent risk assessments and make informed decisions within delegated underwriting authority levels while ensuring regulatory compliance and meeting all agreed upon service level agreements. Provide product specialisation and second tier of eyes.
Qualifications
- Type of Qualification: First Degree
- Field of Study: Business Commerce
- Field of Study: Risk Management
Experience Required
- 3-4 years Insurance Risk Management experience is a critical requirement for this job.
- 5-7 years: The role requires an individual with a good understanding of the financial services value chain and more specifically commercial underwriting.
- Demonstrated experience in all aspects of commercial underwriting short-term insurance products, policies, procedures and regulations.
- Proven customer service skills.
- Excellent communication skills and experience in providing customer services.
- Automated underwriting and processing systems experience.
Behavioural Competencies
- Checking Things
- Developing Expertise
- Documenting Facts
- Empowering Individuals
- Establishing Rapport
- Following Procedures
- Interpreting Data
- Managing Tasks
- Meeting Timescales
- Producing Output
- Resolving Conflict
- Seizing Opportunities
Technical Competencies
- Attitude of Customer Experience
- Evaluating Risk Management Effectiveness
- Insurance Principles
- Insurance Products
Senior Specialist, Underwriter in Devon employer: Stanbic Bank Tanzania
As a leading player in the South African insurance market, we pride ourselves on fostering a dynamic work environment that encourages professional growth and development. Our commitment to employee well-being is reflected in our comprehensive benefits package and a culture that values collaboration and innovation, making us an excellent employer for those seeking to make a meaningful impact in the field of underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Specialist, Underwriter in Devon
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Specialist, Underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your risk management knowledge and commercial underwriting skills. We recommend practising common interview questions and scenarios related to insurance to show off your expertise!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from the conversation to make it personal.
✨Tip Number 4
Apply through our website for the best chance at landing that job! We’ve got all the latest openings, and applying directly shows your enthusiasm and commitment to joining our team.
We think you need these skills to ace Senior Specialist, Underwriter in Devon
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Specialist, Underwriter role. Highlight your experience in insurance and risk management, and don’t forget to showcase your customer service skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to commercial underwriting and how you’ve met growth and profitability targets in the past. We love a good story!
Showcase Your Skills:Don’t just list your qualifications; demonstrate them! Use examples from your previous roles to show how you’ve developed expertise in underwriting and risk assessment. We’re looking for someone who can interpret data and make informed decisions, so let us know how you’ve done this before.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at Stanbic Bank Tanzania
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of commercial underwriting and the specific insurance products relevant to the role. Be ready to discuss your experience with risk assessments and how you've navigated regulatory compliance in past roles.
✨Showcase Your Customer Service Skills
Since this role requires excellent customer service skills, think of examples where you've gone above and beyond for clients. Prepare to share stories that highlight your ability to establish rapport and resolve conflicts effectively.
✨Demonstrate Your Analytical Skills
Be prepared to talk about how you interpret data and make informed decisions. You might be asked to analyse a hypothetical scenario during the interview, so practice articulating your thought process clearly and confidently.
✨Familiarise Yourself with Automated Systems
Since experience with automated underwriting and processing systems is crucial, do some research on the tools commonly used in the industry. If you have experience with specific systems, be ready to discuss how you've used them to improve efficiency and accuracy in your work.
