Underwriter

Department: Underwriting
Reports to: Senior Underwriting Officer
Directly Supervises: None

KEY RESULT AREAS AND RESPONSIBILITIES

Result Area 1: Preparation of Policies

1. Assist clients/proposers in filling out proposal forms.
2. Study, examine, and analyze proposal forms and renewal instructions.
3. Inspect the insurance subject matter when necessary or as instructed by superiors.
4. Participate in risk assessments before policy underwriting.
5. Document assessed risks and advise the Supervisor.
6. Prepare policy files.
7. Calculate premiums as instructed by the Supervisor.
8. Assist in negotiating and creating underwriting agreements when delegated.
9. Issue quotations to marketers as instructed by the Supervisor.

Result Area 2: Administration of Policies

1. Dispatch issued underwriting documents to the appropriate destinations.
2. Receive premiums from clients and ensure receipts from Accounts Department.
3. Monitor risks and advise the Supervisor.
4. Prepare renewal notices as instructed.
5. Follow up on renewal notices when delegated.
6. Address branch office queries as instructed.

Result Area 3: Data and Records Management

1. Properly file clients’ documents.
2. Review files for clients whose policies have not yet been renewed.
3. Maintain departmental files, ensuring safe custody in the company registry after transactions.
4. Help maintain an updated register of daily work assignments in the department.

Result Area 4: Business Development

1. Participate in product development.
2. Assist in marketing company products.
3. Advise clients on suitable policy packages and other insurance-related matters.
4. Accompany insurance agents on sales calls when necessary.

PERSON SPECIFICATION: Underwriter Motor / Marine

Minimum Academic/Professional Qualifications

• University Degree in Business Administration, Social Sciences, or Arts.

Additional Training/Qualifications

• Professional qualification in insurance, such as Certificate CII or its equivalent.

Minimum Experience and Exposure

• At least 1 year of experience in Underwriting.

Key Knowledge Required

• In-depth knowledge of the insurance industry.
• Understanding of insurance principles, theory, and practice.

Key Skills Necessary

• Ability to prepare insurance policies.
• Negotiation skills.
• Strong computer, communication, listening, and analytical skills.
• Interpersonal skills and customer care expertise.

Other Qualities/Attributes

• Teamwork, time management, creativity, integrity, confidentiality, attention to detail, and a results-oriented attitude.

HOW TO APPLY:
Candidates who had already applied should not re-apply. Interested applicants should deliver their applications, CVs, and academic qualification copies (with two referees) addressed to:

The Human Resource Manager
Statewide Insurance Company Limited
Plot 1, Bombo Road
P.O. Box 9393 Kampala, Uganda

Alternatively, email your CV to [email protected] with the subject title “Underwriter.”

Only shortlisted applicants will be contacted. If you do not hear from us within two weeks of submission, consider your application unsuccessful.

Deadline: Wednesday 18th September 2024, by 5:00 pm.