Location: eastern cape, PE, South Africa
Date Posted: 08-03-2018
We are looking to employee a dynamic and professional Underwriter in their Life Assurance division with a friendly, professional and warm character.
Main job tasks and responsibilities:
  • Obtaining latest values from companies and knowing the different products.
  • Obtaining Internal rate of returns on different investments and capturing/analyzing  the data (Not really necessary)
  • Completion of New Business applications and processing thereof
  • Drafting and emailing New Business letters to clients
  • Following up on Underwriting requirements re Risk new Business applications
  • Processing Conversions
  • Handling New Business Transfers
  • Investment Ad hoc applications and switches/re-balances
  • Obtaining Outstanding FICA and savings Compliance
  • Updating of portfolios once the new business/alterations issues – accuracy in data/value capturing. Attention to detail is very important as the company will be held liable if incorrect amounts are quoted.
  • Updating registers (New business, transfer and investment registers, compliance registers, etc.)
  • Drafting and sending out of Final letters to client i.t.o. new business issued or finalized instructions
Education / Experience / Knowledge required:
  • Grade 12 qualification
  • RE5 examination
  • Full Financial / Insurance Qualification advantageous
  • Be Fully bilingual (English & Afrikaans)
  • Computer skills and knowledge (especially of Word, Excel, Outlook, Internet)
  • Knowledge of operation of standard office equipment
  • Knowledge of clerical and administrative procedures and systems, such as filing and proper record keeping
  • Knowledge of principles and practices of basic office/administrative management
  • Life Assurance products – Know the different types of insurance products, limits, and restrictions.
  • Tax implications and benefits – How tax will be applied in the event of retirements/ death/ disability/fringe benefits (and when benefits will be tax deductible).
  • Investments - Know and understand how to read market movements and fluctuations, income revisions, and portfolio rebalances and/or switches).
  • Commission structures – Different commission applies to different products, therefore, it is vital that the correct commission is applied. Know the difference between the maximum and minimum on each product
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