Senior Underwriter

at  Sanlam

Cape Town, Western Cape, South Africa -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate07 Nov, 2024Not Specified09 Aug, 20247 year(s) or abovePersonal Values,Fia,Finance,Mentoring,Ethics,Time Management,Underwriting,Reinsurance,Ownership,Communication Skills,Conflict ManagementNoNo
Add to Wishlist Apply All Jobs
Required Visa Status:
CitizenGC
US CitizenStudent Visa
H1BCPT
OPTH4 Spouse of H1B
GC Green Card
Employment Type:
Full TimePart Time
PermanentIndependent - 1099
Contract – W2C2H Independent
C2H W2Contract – Corp 2 Corp
Contract to Hire – Corp 2 Corp

Description:

QUALIFICATION AND EXPERIENCE

Minimum requirements:

  • Master’s degree, Engineering Degree, Law or Actuarial Qualification (FIA, CFA or Actuary) with significant numerate component
  • At least 7 years of work experience in the reinsurance, finance, risk management or engineering sectors preferably in underwriting or client management
  • Solid Client and Business Development experience (at least 7 years of experience)
  • Willingness to work over the Christmas and other holiday periods
  • Willingness to travel internationally

Advantageous qualifications, knowledge and experience:

  • 7 years’ experience in the short term insurance industry/reinsurance environment.
  • Good understanding of reinsurance principles and concepts
  • An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of a reinsurance submission.
  • A strong understanding of insurance and related risks
  • Reinsurance technical accounting knowledge
  • Project Management experience

PERSONAL SKILLS AND ETHICS

Santam Re’s people-first approach requires us to make smart decisions as we build on our delivery of reinsurance solutions. We are, therefore, highly driven to present industry-leading teams that are personable, approachable, have strong codes of personal values and ethics, and tolerance for other’s beliefs and lifestyles, including their host nation’s cultures. Beyond the capabilities and expertise required, the professional Santam Re Senior Reinsurance Underwriter must also present and/or embrace the following:

  • Excellent verbal and written communication skills
  • Analytical ability
  • Advanced numeracy skills
  • Ability to work independently with limited supervision
  • High stress tolerance
  • Ability to work to tight deadlines and under pressure
  • Strong negotiation skills
  • Team Player
  • Ability to work flexible working hours
  • Must be pro-active and take ownership of tasks
  • Willingness and desire to learn
  • Good work ethic
  • Ability to multi-task
  • Solid interpersonal and relationship building skills
  • Good planning and organizing skills
  • Time management
  • Mentoring
  • Conflict management and resolution

Responsibilities:

WHAT WILL YOU DO

The Senior Reinsurance Underwriter is to report to the Chief Underwriting Officer.
Applicants must be based in Cape Town, South Africa, or be prepared to relocate. The role also requires some travel.
This dynamic role requires a passionate, energetic individual to handle reinsurance pricing activities, tools management and portfolio steering to manage exposure, profitability and growth.

WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE

  • Underwriting, managing and maintaining a reinsurance treaty book in the chosen territory. This is both, a client facing and an underwriting role.
  • Analyzing and working with Client’s information.
  • Pricing treaties using internal models.
  • Reviewing Contract Wordings in line with the Underwriting Guidelines.
  • Performing Compliance checks on Contracts and Cedants.
  • Preparing Underwriting Review for Underwriting Committee.
  • Review and manage endorsements and special acceptances.
  • Claims review and approval.
  • Capturing of information on relevant filing system.
  • Responsibility for completeness of all required documents.
  • Maintenance of internal Reports.
  • Training and development of team members on areas of expertise and new industry relevant topics.


REQUIREMENT SUMMARY

Min:7.0Max:12.0 year(s)

Insurance

Banking / Insurance

Insurance

Graduate

Engineering, Law

Proficient

1

Cape Town, Western Cape, South Africa