Underwriter - Medical (FAK) at Absa Bank Limited

Job Description

• Preparation of quotations
• Preparation of loss ratio reports and provision of appropriate renewal terms
• Product review and pricing for new and existing products
• Monthly tracking of claims and membership trends: average cost analysis, membership count, rejection rates and provide recommendations to address significant variances
• Negotiate terms with prospective clients and intermediaries
• Build relationships with intermediaries
• Membership management: entries and exits, card requests, debit and credit note preparations.

Knowledge, Experience and Qualifications required:

• Bachelor’s degree (insurance/ Actuarial Science option preferred).
• Progress in Professional qualification in Insurance (ACII, FLMI or IIK). 
• 2-4 years’ experience in medical

​Technical/ Functional competencies:

• Knowledge of insurance regulatory requirements.
• Knowledge of insurance products.
• Sales and marketing management skills.