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Job Description

 

Mining Underwriter

 

AA/EE:                                                   Preferable            

Contract:                                               Permanent

Location:                                               Gauteng

Available:                                              ASAP

 

About the Role:

A multinational insurer based in Johannesburg is looking for a Mining Underwriter with a minimum of minimum 5-7 years’ experience in underwriting moderate to complex accounts in Risk Exposures in the short- term Insurance Industry dealing with Property. The incumbent will be responsible for a portfolio of largely mining and energy accounts. 

 

Minimum Requirements

  • Non-negotiable minimum 5-7 years’ experience in underwriting moderate to complex accounts in Risk Exposures in the short- term Insurance Industry dealing with Property
  • Degree in Risk Management
  • IISA Qualification or working towards, and / or equivalent professional qualification
  • Successful completion of RE Examination
  • Good knowledge of the insurance and reinsurance industry both locally but specifically facultative business in the African mining market
  • Results-driven achiever with planning and organizational skills, along with a high degree of technical orientation
  • Strong networking skills with national, global brokers/reinsurance brokers.
  • Proven track record in all aspects of underwriting
  • Risk assessment
  • Loss control
  • Rating and coverage development
  • Wording comprehension
  • Excellent computer literacy
  • Strong time management skills and ability to operate under demanding deadlines
  • Ability to work independently with minimal supervision
  • Able to prioritize, organize tasks and time, and follow up
  • Ability to work effectively within a team environment

Job Description

  • Responsible for a portfolio of largely mining and energy accounts.  The essential role would be knowledge and understanding of the local and international markets dealing in mining, primary resources and energy accounts. Will be expected to assess, understand and underwrite business in various territories and develop a sound relationship with retail and international wholesale brokers.
  • A good understanding of coinsurance placements and reinsurance placements is therefore essential in addition to technical understanding of mining and energy business
  • The underwriter will be expected to contribute towards sustaining and growing a profitable book of business whilst enhancing the brand and reputation of company on a day to day basis

Key Performance Areas

  • Enhance the company’s brand and foster a corporate culture that promotes sustainable ethical practices
  • Support of all company’s financial and growth objectives
  • Support the marketing endeavors to achieve growth and profitability in line with the Company objectives and business plan. This includes supporting the company’s Specialist office in London in mining and energy business in particular
  • 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

 

 
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Contact

Lindsay Strauch
+27 (0) 11 759 4039