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Title |
Manager – Brokerage & Underwriting |
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Job Description |
Responsibilities
- Develop and ensure the following underwriting management programs are implemented
- Loss Control (appropriate use of the available services) through the development and implementation of an effective program to manage the portfolio of business underwritten to produce an underwriting profit.
- Quality Control
- Underwriting Plan/Monitoring Control
- Pricing Management (using the Burning Cost Model as appropriate)
- Service Management
- Catastrophe Management
- Training & Development
- Ensure all business is underwritten within established Internal Audit Guidelines. The employee will at times personally underwrite risks.
- Review monthly sales performances, renewal book and implement appropriate actions and strategies to improve sales results in order to achieve planned budgets and profits.
- Manage Brokerage team to achieve their sales targets via close monitoring and necessary coaching and improvement initiatives.
- Develop and market the desired products to identified/targeted prospects and acquire new business.
- To manage and ensure desired productivity via structured training, constant follow-up and follow through activities, sales & business development programs and motivational initiatives to producers.
- To ensure that the Brokerage team observes, reports and complies with the requirements of:
- BNM’s UPW / GPI : Standard Guidelines On Anti-Money Laundering and Counter Financing of Terrorism (AML / CFT) and;
- UPW / GPI (2) : (AML / CFT) Sectoral Guidelines 2 for Insurance and Takaful Industries by establishing and documenting relevant AML / CFT requirements in Departmental Standard Operating Procedures (SOPs) for all key operations of the Division / Department, communicating AML/CFT obligations to departmental staff and agents and regular monitoring of the department processes to ensure overall compliance.
- Any other duties as assigned by the Management.
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