At a Glance
- Tasks: Underwrite and analyse new and renewal business to drive growth and profitability.
- Company: Join a leading insurance firm focused on innovation and customer service.
- Benefits: Competitive salary, career development, and a supportive work environment.
- Other info: Opportunity to develop expertise in commercial underwriting and risk management.
- Why this job: Make impactful decisions in a dynamic industry while ensuring compliance and quality.
- Qualifications: Degree in Business Commerce or Risk Management with 3-7 years of relevant experience.
The predicted salary is between 50000 - 65000 £ 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
- Insurance: 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 & Services
- Promote Good Governance, Risk & Control
- Quality Assurance
Senior Specialist, Underwriter employer: Stanbic Bank Tanzania
As a Senior Specialist Underwriter with us, you'll join a dynamic team dedicated to fostering a culture of excellence and innovation in the insurance sector. We offer competitive benefits, a supportive work environment that prioritises employee growth, and opportunities for professional development tailored to your career aspirations. Located in South Africa, our company is committed to making a meaningful impact in the community while ensuring compliance and delivering exceptional service to our clients.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Specialist, Underwriter
✨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 suggest 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 recommend 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 resources you need to showcase your skills and experience effectively. Let’s get you that Senior Specialist, Underwriter position!
We think you need these skills to ace Senior Specialist, Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to highlight your experience in insurance and risk management. We want to see how your skills align with the role of Senior Specialist, Underwriter, so don’t be shy about showcasing your relevant achievements!
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. We love seeing passion and personality, so let us know what excites you about underwriting and how you can contribute to our team.
Showcase Your Experience:When detailing your experience, focus on specific examples that demonstrate your understanding of commercial underwriting and customer service. We’re looking for candidates who can provide intelligent risk assessments, so share those success stories!
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 from our team!
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 made informed decisions 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.
✨Familiarise Yourself with Regulations
Understanding regulatory compliance is key for this position. Review the relevant regulations and be prepared to discuss how you've ensured compliance in your previous roles. This will show that you take governance seriously.
✨Demonstrate Your Analytical Skills
As an underwriter, you'll need to interpret data and evaluate risk management effectiveness. Prepare to discuss specific instances where you've analysed data to make underwriting decisions, and be ready to explain your thought process.
