Junior Officer – Underwriting

Transguard Group was established in 2001 and has diversified significantly, we lead in the fields of Cash Services, Security Services, Manpower Services, Facilities Management & Aviation. Transguard Group is the UAE’s most trusted business support and outsourcing provider and has a large, dynamic and culturally diverse workforce with 50,000 employees!  We are currently recruiting for a Junior Officer – Underwriting for our client to be based out of their Abu Dhabi office. 

Job Purpose-

The job holder is responsible to review and carry out thorough risk assessment with new/renewal business and assign appropriate risk rating adhering to the Underwriting Guidelines as per the assigned authority limits for premium Collection, profitability and sustainability of the company's Life portfolio.

Job Description-

Policies, Processes and Procedures:

• Follows all relevant policies, processes, standard operating procedures so that work is carried out in a controlled and consistent manner
• Maintains effective relation with clients (and prospective clients)
• Submits cases to Supervisor/Asst. Manager which are above the authority limit

Underwriting Activities (New Business and Renewals):

• Prepares quotes in line with corporate guidelines and underwriting authority limit
• Prepares renewal notices and follow-up renewal with clients & producers
• Prepares Life and Personal Accident and Associated Quotations, and summary of benefits and premium rates for issuance of policies
• Maintains proper filing
• Follow-ups on problematic issues with Clients and Account Executive / Brokers
• Follows up with the client, receive firm order & bind cover with RI and confirm
• cover to the client/broker
• Sends Cover Confirmation to Operations Department for system booking
• Provides Reports (claims, production, renewals ... ) as and when required,
• Liaisons with Claims dept. for loss ratios for processing Renewals
• Liaises with Operations/Finance on system bookings and premium collection
• Checks the standard questionnaire/ proposal form received from the POS
• Prepares policy draft, Terms and conditions.
• Liaises with Reinsurance for terms {when required)
• Prepares Portfolio Trend Analysis for Credit Life schemes
• Ensures monthly declaration are received, reviewed and accounted for in a timely manner
• Communicates to Asst. Manager/Manager all Lives with Sum Insured exceeding FCLs for proper underwriting/ upload cases on RI Websites for decisions /Liaise with Medical Claims team for review of medical reports
• Communicate with Reinsurance for terms

Documentation and Administrative Work:

• Prepares Quotations/tenders and all data required for tenders.
• Prepares/Checks faxes/other communications to clients/brokers and reinsurers.
• Prepares the invoice, policy document & endorsement & Closing notes
• Prepares/checks reinsurance slips.
• Prepares and checks Assessment sheets
• Maintains/checks files for the clients

Continuous Improvement:

• Reviews periodically Underwriting policies and procedures, identify operational gaps and propose recommendations and solutions to address these gaps in order to keep pace with the growth of the organization

Cooperation:

• Ensures relationship between internal departments/divisions as well as branches continue to work well and high level of communication and efficient & timely transfer of information takes place during operations

Reports:

• Provides Management with appropriate reports regarding the unit and compliance with operational policy and procedures.
• Prepares monthly report for quotations issued and materialized for new and renewal business

• 2-3 years of experience in Life Insurance Underwriting
• Arabic preferred