Commercial Underwriter at Santam Insurance

Job Purpose

• This job family stream is concerned with managing risk by providing specialist technical underwriting advice. The CoE is a highly technical role with strong client focus. The primary focus is on renewal underwriting to maintain profitability. The incumbent will be responsible for managing risk administered on external systems, to achieve, maintain and grow profitability of the Commercial Portfolio Management channel.

Key Accountabilities

• The handling of escalations outside of binding authority, including
• technical and complex queries.
• Understanding of Risk management and the ability to apply risk
• Mitigation.
• Managing profitability through the application of effective policy
• screening actions on policy and portfolio levels
• The initiation, provision and implementation of renewal terms and
• conditions on identified high risk and high exposure policies.
• Effective underwriting of complex risks (new business, renewals, etc).
• Identifying re-insurance and taking appropriate action.
• Providing quality and correct feedback on high level technical queries.
• Strong retention (profitability and growth) focus
• Working within higher level mandates
• The successful candidate will also be responsible for building networks and
• relationships with the various role players and are required to liaise and influence on
• various levels. The position requires of the incumbent to embrace a culture of
• learning and development.

Qualifications and Experience

• A minimum of 5 years underwriting experience within a short-term Commercial insurance industry required.
• RE accreditation
• Proficiency in MS Word and Excel
• Grade 12 or equivalent
• FAIS compliance – 120 credits on NQF level 5 Commercial lines
• Relevant system knowledge: Persetel & Web-E
• Professional membership with IISA (Advantageous)
• Risk Identification and Assessment programme (RIA - Advantageous)
• Completed or in the process of completing the Santam Academy courses in commercial insurance - Santam Commercial product training (SMK’s)
• Santam Underwriting level 3 (Applicable to Santam Internal Candidates)
• Bachelors’ Degree/AIISA/FIISA or comparable short-term insurance qualification (should be completed with or at least have started the Insurance related exams via IISA or Milpark)

Skills

• Delivery and results orientation
• Attention to detail – strong analytic skills required to identify and mitigate risk
• Problem solving
• Producing creative solutions
• Adapting to changing circumstances
• Performing under pressure
• Deciding & initiating action
• Building networks and good relations
• Negotiating and getting agreement
• Building networks and ability to maintain relationships
• Goal setting and prioritising
• Communication skills