At a Glance
- Tasks: Learn the ropes of underwriting while making impactful decisions under expert guidance.
- Company: Join Old Mutual, a leader in the insurance industry with a focus on growth and development.
- Benefits: Receive a stipend during training and potential for a permanent role after completion.
- Other info: Dynamic learning environment with opportunities for career advancement.
- Why this job: Kickstart your career in underwriting with hands-on training and mentorship.
- Qualifications: Matric with Biology/Life Sciences and Mathematics or Accounting; tertiary qualification preferred.
The predicted salary is between 22500 - 27500 $ per year.
The 12-month Trainee Underwriter programme prepares the participant for the position of Individual Life Underwriter and is an opportunity to develop oneself in this field. Old Mutual offers this opportunity to enable persons new to the industry or to the job of risk underwriting, to develop the necessary skills to begin the career journey of an Underwriter. This is a 12-month Fixed Term contract with the specific goal of teaching the skills necessary to be an Underwriter. During the training a stipend is paid. Once fully trained, and all training requirements met, the trainee would be in a position to apply for a permanent position in the underwriting team.
Responsibilities
- Be responsible for underwriting decisions, under the supervision of a mentor
- Effectively handle all intermediary enquiries and give advice regarding specific requirements and impairments
- Accurately capture underwriting information into the product administration system
- Provide written communication to clients and distribution channels
- Keep abreast of developments and trends in areas of expertise
- Uphold and maintain the image of Underwriting and Old Mutual by always maintaining the highest standard in customer care
- Develop critical underwriting skills, through classroom, independent, and on-the-job training, including analysis of health conditions, environmental and pastime exposures, and determination of appropriate insurance coverage
Qualifications
- Matric with either Biology/Life Sciences and Mathematics or Biology/Life Sciences and Accounting essential (please include matric subjects on CV)
- Tertiary degree or diploma (minimum NQF7) essential
- A medically aligned degree, BSc or BCom would be advantageous
Trainee Underwriter employer: Company : OldMutual
Old Mutual is an exceptional employer that prioritises the growth and development of its employees, particularly through its comprehensive 12-month Trainee Underwriter programme. Located in a supportive environment, the company fosters a culture of mentorship and continuous learning, ensuring that trainees not only gain essential underwriting skills but also have the opportunity to secure a permanent position upon successful completion of their training. With a focus on maintaining high standards in customer care and professional development, Old Mutual stands out as a rewarding place for those looking to embark on a meaningful career in underwriting.
