Underwriting Clerk

Job Summary

 

To ensure that the risks accepted fall within the Company’s specified guidelines, which will impact the loss ratio [i.e., premium income versus claims and expenses paid]

Primary Responsibilities:

 

1. Provisionals/Renewals:

 

• Provisionals: review policies and premia due for renewal and set terms before sending to Policy Owners, Binder Holders and Agencies.
• New Business and Renewals processed by Binder Holders and Agencies: Review all assigned work by following the Procedure to ensure all supporting documents are received and pursue all outstanding ones as outlined.

2. Clients Queries:

 

• Correspondence: check for completion & accuracy. Policy files with amendments must be processed. All others should either be placed for typing, mailing or filing.

 

• Telephone Queries and Requests: accept Binder Holders and Agencies renewal instructions, analyze queries, check, refer [where necessary] and reply.

3. Fidelity Finance/Bank Letters:

 

• Checking of Premium Financing Agreements and Bank Letters

 

4. Signing of Documents:

Secondary Responsibilities:

 

1. Bordereaux:

 

• Review Bordereaux [report of business placed thru Agencies, Binder Holders & Brokers] submissions & requests and memo for outstanding documents

 

• Review Bordereaux submissions and the quality of the risk taken: check documents submitted for proper completion and premium calculations
  

2. Billings: accurately process the billings for Motor Policies and Bonds:

 

• Create Invoice: check client data base - copy for existing client or create if new client; create address – new/additional as required; create & enter appropriate code – Mortgagee, Underwriter, Additional Client, Additional Details, Group and Line of business

 

• Process Work Record: enter period of insurance; premium & sum insured; peril and reinsurance breakdowns; issue processed invoice and endorsements; co-ordinate issued work sheets & endorsements; distribute files

3. Assist with special exercises and reports organized by the Unit and all other related and delegated duties.

Qualifications

Education

Minimum 5 CSEC passes inclusive of Grade 1 or 2  in Mathematics and English A and

6 CAPE passes (full certificate) or an equivalent diploma or professional certificate

Degree in related field would be an asset

Experience

Three (3) years experience in general insurance.

Please note that our recruitment and selection policy requires you to present a police certificate of character no older than 6 months from the date of stamp.

We thank you for your application. However, only if you have been short-listed, you will be contacted.