Senior Underwriter

What will you do?

We have an exciting opportunity for an Senior Underwriter within Santam Specialist Solutions.

What will make you successful in this role?

The individual will be responsible for managing the underwriting of new and renewal corporate property insurance business and placing the necessary facultative reinsurance.

Key Responsibilities:

• Compiling and presenting written and verbal business presentations, including material directed at Business Partners and internally to management.
• Analysis of broker / RI broker submissions on new business and renewals, and the underwriting of business to ensure profitability for the department.
• Compilation and submission of new business and renewal business to reinsurers and reinsurance brokers to ensure cost-effective facultative support if required.
• Provide input on technical discussions and negotiations of policy wordings.
• Provide technical underwriting input in respect of claims-related matters.
• Assume responsibility for documentation issued on new business and renewal of existing business within the mandated authority.
• Monitoring and Control of Documentation to internal departments, including but not limited to Risk Administration.
• Ensure effectiveness in workflow in dealing with the underwriting process from quotations to processing stages.
• Compliance with regulations and delegated authority levels and execution of business within mandates.
• Compilation and production of data and reports as required by line managers / executive managers of the Company.
• Effective interaction with internal and external Risk Engineering departments, including, but not limited to, the scheduling of site visits and accompaniment during site visits with the internal and external Risk Engineers.
• Ensure adherence to Santam Corporate Property‘s underwriting guidelines and peer review.
• Support Head: Risk Underwriting
• Other ad hoc functions in assisting the department
• Enhance the SCP brand and foster a corporate culture that promotes sustainable, ethical practices.
• Support of all SCP financial and growth objectives.
• Support the marketing endeavours to achieve growth and profitability in line with the Company's objectives and business plan.
• Underwriting File Management to support the efficient operation of Risk Administration.
• Maintain Company underwriting standards/disciplines based on required information, including Insured’s Loss Ratio, Risk Concerns, Policy Loss Limits, Deductibles, proposed Wordings, and any other relevant information that may affect renewal terms.
• Risk assessment by analysis of risk management reports, discussion with internal and external risk managers and engineers, and subsequent motivation and implementation of risk improvement recommendations.
• Technical Analysis of and technical discussions and negotiations on policy wordings.
• Implement and negotiate facultative reinsurance within the company's appetite and monitor reinsurance placements / Slips – checking pertinent information.

Qualifications & Experience

•  5-7 years’ experience in leading and underwriting corporate industrial property accounts
• 5 years’ experience working directly on Corporate Property Insurance Policies
• 5 years’ experience negotiating facultative reinsurance placements.

• Matric
• A business degree will be beneficial
• 5 – 7 years’ mid corporate property experience
• IISA Qualification and/or equivalent professional qualification
• Successful completion of RE Examination
• Comprehensive understanding of insurance legislation
• Must have experience with insurance operating systems

Skills & Competencies

• Administrative Skills
• Analysis and Judgement
• GREAT Attention to Detail
• Client Orientation
• Communication Skills
• Initiative
• Teamwork
• Time Management and working under significant pressure
• Broker relationships
• Working knowledge of and previous interaction with African and South African retail and reinsurance brokers, reinsurers, and clients
• Strong networking skills with national and international brokers/reinsurance brokers
• Track record for handling high-pressure work environments
• Computer Literacy
• Strong Communication Skills (Internal & external)
• Competent user of Excel, Word, Outlook, and other Microsoft platforms.