The posting
Job Description
We are looking for a proactive and experienced Underwriter II to evaluate and assess risks, make sound underwriting decisions, and support the achievement of departmental objectives while maintaining strong service and portfolio management standards.
About Guardian General Insurance Limited
Guardian General Insurance Limited is a leading property and casualty insurance company dedicated to providing comprehensive coverage and exceptional service to our clients. With a commitment to integrity and innovation, we strive to protect what matters most to our customers and communities.
JOB OVERVIEW:
The Underwriter II assesses risk exposures and evaluates the most prudent terms to apply for small to medium complex and non-complex New Business Acquisitions, Renewals and mid-year amendments ensuring the company yields a profit while achieving the targeted gross income, market share, managing relationships with producers, clients and achieving customer excellence.
JOB RESPONSIBILITIES:
1. Risk Assessment
• Conduct risk assessment/appraisal of both complex and non-complex new business and renewal risks which includes accepting or declining the risk, determining most appropriate rates, terms and conditions.
• Apply due diligence checks and background research on clients and their risk to be covered
• Liaise with the overseas partners to place Facultative Insurance and Special Acceptance placement for risk outside GGIL’s reinsurance treaties
• Prepare / Provide Quotations/New Business/Renewal Reviews/Renewals/Amendments within GGIL’s underwriting guidelines, standard operating procedures, approved underwriting limits of authority and reinsurance treaties
• Reviewing of policies and ensuring all notices and renewal listings are sent out in accordance with guidelines prior to renewal date
• Review and discuss Renewals with all Stakeholders to achieve retention target
• Follow up with clients or producers on renewals
• Conduct portfolio analysis and analysis on assigned accounts to monitor performance.
2. Monitoring and Reporting
• Monitor Aggregates and beachfront exposure that allows for informed decision making to avoid over exposure
• Co-ordinate and execute necessary action to producers for impending storms/ hurricanes or other catastrophes
• Monthly review of financial performance to identify trends
• Prepare and submit reports as required by the established timelines
• Assist admin team with collating executive report to identify trends and address gaps thus extending greater support to Agents for improved performance
• Oversee, monitor, and ensure growth of assigned accounts from Brokers, Agents & Salesmen.
3. Quality Checks
• Where applicable, review underwriting transactions by binding brokers / agents to ensure accuracy and compliance with GGIL’s underwriting guidelines, SOPs and limits of authority
• Ensure that all bordereaux are submitted and processed timely
• Source missing information from agents to ensure the correct data is captured
• Conduct monthly bordereau checks / audits
• Complete underwriting audit of random files to ensure producer complies with company’s procedures
4. Receivables Management
• Manage receivables in accordance with CBTT’s requirements, avoiding any negative implications on solvency of GGI, ensuring adequate cash flow for claims and investments
• Ensure premiums are paid within the contract timeframes; support the cancellation process
• Follow up on outstanding premiums from clients/ producers
5. Relationship Management
• Assist with set up and orientation of new agents/agencies.
• Develop and maintain effective business relationships with producers (where applicable) to support growth objectives
• Conduct visits as required, to
i. Producers’ Offices
ii. Clients
to conduct risk site visits, conduct underwriting audits, training, develop business and foster relationship with producers and clients,
• Assist with set up and orientation of new agents/agencies.
6. All other duties as assigned by the Team Leader and Operations Manager
EDUCATION & EXPERIENCE:
• Associate Degree or equivalent experience
• 5 O’ levels including Mathematics and English
• 2 A levels/CAPE
• Mandatory State licensing or CII Insurance Certificate.
• Working towards Diploma level/ ACII designation or any other acceptable qualification.
• A minimum of 2 years Underwriting experience in Property & Casualty Insurance, Personal & Commercial Lines
ADDITIONAL REQUIREMENT:
As a regulated entity with obligations under the Know Your Employee guidelines, a Certificate of Character is required.
PERSON SPECIFICATION:
The Underwriter 11 must possess strong analytical skills with an acute attention to detail, a positive work ethic, keen sense of customer service and good business acumen. He/ she must possess a positive, friendly attitude, have the ability to operate and contribute positively in a team-based environment and take initiative; as evidenced by the ability to self-manage, organize and prioritize work. He/ She must possess excellent written and oral communication skills, demonstrate good negotiating skills and have the ability to effectively manage multiple priorities in a fast-paced environment.
