Old Mutual SA: Underwriter Learnership Programme 2024/ 2025

Job Highlights

Old Mutual South Africa is recruiting for the Individual Life Underwriter Learnership Programme 2024/ 2025.

Closing Date: 20 September 2024

Location: Pinelands, Cape Town

Stipend: During the training, a monthly stipend is paid.

The 12-month Trainee Underwriter program prepares the participant for the position of Individual Life Underwriter and is an opportunity to develop oneself in this field.

About the Programme

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.

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.

Key Performance Areas

• Be responsible for underwriting decisions, under the supervision of a mentor.
• Effectively handle all intermediary enquiries and give advice re 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.

• Gather and review information on financial conditions, risk exposures, and economic trends that may affect the risk provided.
• Establish, support, and maintain effective relationships with customers, agents and brokers through written and telephonic means.
• Utilise exceptional telephonic and written communication skills that support the department’s goals and interaction strategy.

• Participate in telephonic gathering of information pertinent to risk assessment criteria
• Follows standardised processes and provides administrative support in line with normal business functioning.
• Delivers on daily production standards and adheres to service and quality standards.
• Provide an indirect service to customers and directly to intermediaries.
• Responds to immediate requirements within procedure.

Qualifications

• Matric with either Biology/Life Sciences and Mathematics or Biology/Life Sciences and Accounting essential
• Relevant tertiary degree or diploma, either a medically aligned degree, BSc or BCom (minimum NQF level 7) essential

Skills and Abilities

• Strong telephony skills experience is advantageous
• Old Mutual product knowledge and system experience would be an advantage
• Well- developed English written and verbal communication skills (fully bilingual, English and one other official language) essential.

• Life insurance product and process knowledge beneficial
• Excellent communication skills in English (full fluency) with an additional African language advantageous
• Proficient in MS Office suites i.e.  Word, Excel, Powerpoint
• Self- managed and strong team player
• Good interpersonal skills

• Excellent work ethic with a high degree of accuracy
• Deadline and Target driven
• Ability to work under pressure
• High sense of client care
• Deal with a variety of clients telephonically, assisting them in resolving queries and provide accurate information

• Keep abreast of all product, process and system changes and developments
• Must be able to work at flexible times (flexible start times from 08h00 to 8h30)& end the day at flexible times (flexible end times from 16h30 to 19h00 accordingly). These hours may change in order to meet business needs.
• Must be willing to work overtime where necessary

How to Apply

Please APPLY HERE for this excellent career opportunity.

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.