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Job Description

Our client is seeking a senior commercial/corporate underwriter with at least 8 years underwriting experience in an insurance company environment.

In this exciting opportunity the candidate will be expected (but not limited to) to do the following:

 

Key responsibilities

 

  • 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.
  • Review and approve contingency policy wordings and underwriting limits.
  • To implement, reconcile and profitably manage the company’s stated risk retention strategy in consultation with partners where applicable.
  • To assist and guide Client Management and Partner Clients to profitably underwrite risks by applying technical rating factors to risks, limits or structures.
  • 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 policies.
  • Provide underwriting technical support including claims technical support to client services and finance.
  • Monitor underwriting profitability of clients where required.
  • Identify, develop, rollout & monitor Risk Improvement Measures in consultation with Client Management and Partner Clients to profitably underwrite risks both conventional and Non-Conventional.
  • To assist on complex and large claims, in consultation with Loss Adjusters and Attorneys where required.
  • To assist with the training of internal staff.
  • Ensure partners act in accordance with the agreed mandate.

 

Competencies, knowledge and skills

 

  • Must be a self-starter, innovative and assertive
  • Manage Underwriting Performance
  • Price Risk Profitably on an ongoing Basis
  • Manage Adequate Return on Capital
  • 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

 

Requirements

 

  • Minimum 8 years underwriting experience on Fire, Accident and Miscellaneous classes
  • Large and Complex claims experience across all classes
  • Working Knowledge of Industry Policy Wording across all classes
  • Minimum 5 years experience in placing Facultative Reinsurance Cover
  • FAIS compliant
  • 3 years relevant post matric qualification

 

The following, if you do have, is an advantage:

 

  • 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
 
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Contact

Dominique Bennett
+27 (0) 11 759 4039
 
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