Senior Underwriter at UAP Insurance

UAP Insurance Tanzania is a member of the UAP Old Mutual Group in East Africa, which is a subsidiary of Old Mutual Limited (OML) in Africa. UAP made its entry into the Tanzania market in 2013 after the acquisition of a majority 60% shareholding in Century Insurance Company. We are proud of our contribution in the growth of the Insurance Industry and we actively put our customers, their needs and ambitions at the forefront of everything we do to help them realize their financial goals.

UAPTanzania also plays a role in impacting the community it operates in through various social responsibility initiatives. Our Headquarters is in Dar es Salaam with branches in Arusha, Mwanza, Mbeya, Dodoma, Kahama, Morogoro.Tegeta, Mtwara and Zanzibar.

The company would like to fill the following positions:

University degree
Basic Insurance qualification
Sales and Marketing Qualification

Experience:
Minimum of 3 years

Job Specification…

Quotations and Risk Acceptances

Ensure quotations allocated are done and approved by the Underwriting Manager and dispatched within the agreed turnaround time
Accept all new agreed proposals which meets acceptable underwriting standards within the delegated authority

· Underwriting Process and Procedures

Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards
Ensure all incoming business are captured in the system accurately and monitor backlog status and observe timely month end closing
Prepare /Issue policies and endorsements for all classes of insurance within the system at the agreed turnaround time
Process all endorsements within the agreed turnaround time
Respond to all correspondence within the agreed turnaround time
Ensure adherence to all the process, procedures and controls within the department
Ensure Reinsurance allocations are done properly as per treaty on every business before capturing into the system
Conduct trainings on various covers to team and intermediaries etc

Risk Management

Analyze and assess proposals and risk notes and recommend on the need to carry out surveys for small to medium size non-standard risks
Communicate to the client’s progress on the implementation of surveyor’s recommendations in improving the status of risks written
Resolve internal control audit recommendations fully and ensure no issue automatically escalates
Monitor the quantity and quality of work done with ZERO error which may result in disputes with other departments.

Policy Renewals

Work on the allocated renewal scrutiny listing 3 months prior to expiry of policy and dispatch renewal notices to producers/clients1 month prior to renewal date
Follow up allocated policies falling due for renewal and provide weekly report to Underwriting manager to ensure achievement of monthly retention ratio of at least 80%
Establish unrenewed list by 1st Week on the following month and make counter follow ups

Reinsurance