Job Description
About the Role
Our client, a prominent division of the Bidvest Group based in Durban, is seeking two skilled Domestic Underwriters to join their team. This role offers an excellent opportunity for insurance professionals who excel in fast-paced environments and prioritize maintaining high standards of compliance and client service.
Key Responsibilities
- Activate new business on the system within one day of approval from the Insurer/Binder Manager.
- Conduct thorough compliance audits; ensure all necessary documents are on file and escalate discrepancies to the Line Manager.
- Issue full New Business packs (schedule, disclosure notice, wording, and signed compliance docs) to insured parties within 31 days of inception.
- Distribute renewal listings to brokers three months in advance.
- Negotiate or request terms from insurers 60 days prior to the renewal date.
- Issue renewal schedules and updated policy documentation to holders 31 days before the renewal date.
- Conduct proactive telephonic outreach to insured parties before debit order cut-off dates.
- Coordinate broker renewal meetings via Flexi diary 60 days in advance.
- Process policy amendments within three days (or before month-end close-off).
- Acknowledge all amendment instructions on the same day they are received.
- Handle cancellation requests with urgency, notifying all relevant stakeholders within one hour of receipt while strictly adhering to internal procedures.
Requirements
Certification:
Must have completed RE5.
Qualification:
NQF4 in Short-Term Insurance.
Experience:
A minimum of 5 years experience specifically in Domestic Underwriting.
Documentation:
Proven ability to manage Letter of Appointment and Debit Order Authority records.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Accounting / Finance Jobs in eThekwini
The accounting and finance industry is a vital component of eThekwini’s economy, providing essential services to businesses, governments, and individuals. Generally, job seekers in this field can expect a stable and secure career with opportunities for growth and development. Typically, roles in accounting and finance are found across various industries, including financial services sector, technology industry, manufacturing sector, and public sector.
Salaries for accounting and finance professionals in eThekwini vary widely depending on factors such as experience, company size, and industry sector. Common salary ranges for entry-level positions typically start between R200 000 to R300 000 per annum, while senior roles can range from R500 000 to R800 000 or more. However, these figures are general estimates and actual salaries may vary significantly. It is essential to research the specific job market and industry trends to determine realistic salary expectations.
Common skills required for accounting and finance roles in eThekwini include proficiency in financial software, such as SAP or Oracle; strong analytical and problem-solving skills; excellent communication and interpersonal skills; experience with budgeting, forecasting, and financial analysis tools; a solid understanding of tax laws and regulations; and a degree in accounting or finance. Additionally, many employers require candidates to hold relevant professional certifications, such as the Chartered Accountant (SA) designation.
Accounting and finance professionals can be found across various industries, including financial services sector, technology industry, manufacturing sector, and public sector. The financial services sector is often a major employer of accounting and finance professionals in eThekwini, while the technology industry also provides many opportunities for growth and development. Other industries, such as manufacturing and construction, also require skilled accounting and finance professionals to manage their finances effectively.
Career development opportunities are abundant in the accounting and finance field, with many employers offering training and development programs to help employees advance in their careers. Typically, experienced accountants can move into senior roles or take on leadership positions within their companies. With experience and additional certifications, accountants can transition into management roles, such as financial controller or accountant manager, or pursue career paths in finance consulting or public practice.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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