Insurance Underwriter

POSITION: Insurance Underwriter II
DEPARTMENT: Program Development and Enhancement Group
CLASSIFICATION: Plantilla Position
SALARY: SG 18 (P48,830) QUALIFICATIONS
EDUCATION: Bachelor's Degree in Business Administration preferably major in Accounting or Accounting-related;
EXPERIENCE: At least 2 years of relevant work experience
TRAINING: At least 8 hours of relevant training

SCOPE OF WORK:
1. Supervises the preparation and review of monthly premium remittance reports, disbursement vouchers with supporting documents/computations,
and schedules for prepayment and renewal of MRI/Fire premiums to protect our mortgages against death of beneficiaries and/or damages brought by fire
and/or lightning;
2. Ensures that all accounts for exclusion from MRI/Fire renewal coverage are properly deducted from premium remittance reports;
3. Checks computation of over/under payment of premium due to full payment of loan, expiry of term, death, restructuring, and adjusted loan values for
refund or collection from the borrower upon mortgage withdrawal;
4. Oversees the immediate settlement of claims;
5. Ensures and monitors preparation of periodical status reports on premium remittances, claims/settlements, and the team's accomplishments;
6. Recommends systems upgrade/changes significant to the improvement of the Department's output;
7. Addresses and suggests possible solutions to issues and concerns encountered daily;
8. Reviews existing policies and recommends revisions/updates to adapt to new SHFC programs/projects;
9. Attends meetings relative to insurance matters; and
10. Performs other related tasks that may be assigned by the Immediate Superior.