Our client in the Financial Services(Insurance) industry has an opportunity available for an experienced Technical Insurance Broker.
Location : Durban, KZN Responsibilities : Set up and create broking information in accordance with the Companies Minimum Standards for Commercial Business Structure of an appropriate insurance program for the client Obtain quotes and negotiate with selected markets Upon acceptance of quote, ensure receipt of signed proposal instruction and debit order forms (where applicable) Send closing instruction to insurer to provide cover for client Send the Confirmation of cover form to the client Load policy information onto the system and create a client file.
Issue invoices on policies (new policies, cash clients, etc) Ensure that clients receive policy documents and wording. Ensure adherence to underwriting guidelines.
Ensure receipt of premium payments and allocation to correct account Update register in terms of new business received Endorsements on existing client files and mailing to clients Auditing / reporting of the premium list for unpaid premiums Compile and submit reports timeously to line manager as per set standard Ensure data integrity on all systems Attend to general correspondence and e-mails to clients according to company standards Ensure all declaration and other policy adjustments when required Obtain full details regarding client risk required to quote Request quotes from insurers Analyze quotes received and make recommendations to clients Provide a rewarding service experience at all touchpoints Ensure that customer queries are attended to and resolved expeditiously Attend to all client queries (revision / renewals, rate negotiations with insurers, amendments, cancellations, unpaid premiums) Minimize cancellations through regular and pro-active dealings with clients.
Requirements : Matric RE5 Representatives Short Term Insurance NQF Level 4 Qualification Higher Certificate in Insurance Post matric qualification is an advantage (BComm Risk / Accounting, BBA) Minimum 7 years short term insurance with 5 of the 7 years in a commercial account servicing service, claims and underwriting capacity Must have Insurance knowledge to at least an intermediate level Must have the ability to negotiate and place a medium to large commercial account Must know the Legal requirements of the insurance industry Must have knowledge of insurance claims