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Commercial/Corporate Underwriter

Job Description

 

Commercial/Corporate Underwriter

 

AA/EE:                                                   Preferable            

Contract:                                               Permanent

Location:                                               Gauteng

Available:                                              ASAP

 

About the Role:

A multinational short-term insurance company based in Johannesburg is looking for a Commercial/Corporate Underwriter with a minimum of 4 years’ experience in an insurance company environment. The incumbent will be responsible for investigating and developing innovative underwriting solutions.

Minimum Requirements

  • Minimum 4 years underwriting experience on Fire, Accident and Miscellaneous classes
  • Working knowledge of Industry Policy Wordings across all classes 
  • Minimum 2 years’ experience in placing Facultative Reinsurance Cover 
  • FAIS compliant 
  • 3 years relevant post matric qualification
  • Sound knowledge of insurance services regulations (FAIS, PPR, NCA, Insurance Acts) 
  • Knowledge of insurance operations 
  • Technical knowledge of insurance & reinsurance structuring 
  • Working knowledge of Alternative Risk Transfer Underwriting and Structuring 
  • Claims background 
  • AIISA or similar qualification

Job Description

  • Investigate and develop innovative underwriting solutions that meet business needs of internal and external clients in support of the company and to ensure that these are understood by both internal and external clients 
  • To assist and guide Client Management and Partner Clients to profitably underwrite risks by applying technical rating factors to risks, limits or structures 
  • Assist in the development of new products, structures, rating and policy wordings in consultation with Client Management and Partner Clients to profitably underwrite risks, both conventional and Non-Conventional risks
  • Assist client management teams from an underwriting perspective with new business and renewal of clients 
  • Provide underwriting technical support to Partner Clients where required
  • Negotiate facultative terms with reinsurers for new and existing business where required
  • Review reinsurance treaty and facultative wordings and align with underlying policy wordings 
  • Provide underwriting technical support including claims technical support to client services and finance 
  • Monitor underwriting profitability of clients
  • Identify, develop, rollout & monitor Risk Improvement Measures in consultation with Client Management and Partner Clients to profitably underwrite risks both conventional and Non-Conventional
  • Ensure partners act in accordance with the agreed mandate
  • To manage Market Conduct Risk in terms of Outcomes 2 to 5 in respect of all Partner Clients
  • To perform due diligences on possible new Client Partners and underwriting audits on existing Client Partners

Competencies, knowledge and skills

  • Must be a self-starter, innovative and assertive
  • Manage Underwriting Performance
  • Price Risk Profitably on an ongoing Basis
  • Enterprise Risk Management in terms of Best Practice
  • Large Loss Claims Management
  • New Product Development
  • Be able to work independently
  • Project management and client centricity is very important

 

 
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Contact

Lindsay Strauch
+27 (0) 11 759 4039