POSITION TITLE: INSURANCE CONSULTANT(PRODUCER)
REPORTS TO: Unit Manager
I. PURPOSE OF THE POSITION
Under the guidance of the Manager, this position is responsible for providing risk selection by individual assessing a broad range of insurance applications, accepting, rejecting or modifying coverage for each according to predetermined policy and guidelines in an effort to procure business.
II. DUTIES AND RESPONSIBILITIES
1. Completes insurance applications by adhering to established underwriting standards.
2. Determines the degree of risk by examining application forms, inspection, and actuarial and medical reports in order to establish and retain a balanced and profitable portfolio.
3. Develops an annual individual target set out by the Management and performs self-monitoring of progress towards achieving the agreed targets.
4. Evaluates applicant factors by reviewing applicant financial standing, age, occupation, and accident experience, and value and condition of property.
5. Provides information by answering questions and requests, quoting rates, and explaining company underwriting policies.
6. Determines insurance coverage by declining excessive risks, decreasing policy values, and specifying applicable endorsements or exclusions.
7. Sets out Credit Collection strategy in adherence with Company’s Credit Collection policies.
8. Gathers and provide to the Management, information that impacts the delivery, sales, and service of the Company and its products to a broad range of customers .
9. Maintains professional sales and underwriting knowledge by attending educational workshops and reviewing professional publications.
10. Maintains inter and intradepartmental workflow by fostering a spirit of cooperation.
III. POSITION REQUIREMENTS
Technical Skills: Demonstrated competency with Personal Computers and basic as well as the more popular word processing, presentation and spreadsheet software. General knowledge of insurance terminology, forms, support documents legal and regulatory matters as well as basic underwriting policies, practices and procedures.
Management Skills: Influenci, Time Management, Communications, Presentation skills and.
Education: Degree or Diploma in Financial specilization.
Language: Fluent in English- written and oral strong with communications skills.
Experience: General understanding of insurance theory and practices. Proven track record in production of high-quality risk business, preferably in the Emirates market. Working knowledge of insurance operations and profitability is also required. Previous experience in a Team-oriented environment is a must.
Position Statistics : Staff Supervised - None
IV. KEY PERFORMANCE INDICATORS
Annual Revenue Target of AED 4 Million in collected Premium across Life and General Insurance Products
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