Reinsurance Underwriting Analyst at Santam Insurance

WHAT WILL MAKE YOU SUCCESSFULL

• Assist the Underwriter/Client relationship management team in developing, managing and maintaining a reinsurance treaty book in the chosen territory. This is both, a client facing role and an analytics and accounting role.
• Building and maintaining reinsurance broker and client relationships for both existing business and potential business.
• Pricing and underwriting the reinsurance treaties using a range of actuarial and softer methods as well as checking reinsurance contracts
• Support the drive of profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks. 
• Research different region’s (Re)insurance sectors to determine the best strategy to employ on the portfolio
• Improving processes by actively engaging stakeholders on the processes involved in the underwriting process.
• Analyzing contract wordings
• Actively involved in projects determined by the Territorial Head and/or Chief Underwriter.
• Administration: updating internal systems and files, running reports. Ensures the admin for the team is completed on SharePoint and iRe (liaising with admin team).
• Supports the territorial head and reinsurance underwriter with preparing for trips by preparing market research, pulling accounts for clients being visited, etc.
• Frequently engages with clients over teams, zoom, the phone.
• Has an established relationship with the accounts and claims teams.
• Checking and monitoring accounts, payments and profitability of the book.

QUALIFICATION AND EXPERIENCE

• Undergraduate degree with a significant numerate component such as Math, Computer Science, Statistics, Economics, Physics, Engineering or Actuarial Science.
• 0-3 years’ of work experience preferably in the insurance/ reinsurance, finance and/ or risk management sectors.

SKILLS

• 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 
• Willingness to work over the Christmas and Easter Holiday period
• Willingness to travel internationally 
• Good understanding of reinsurance principles and concepts
• Excellent verbal and written communication skills
• Analytical ability
• Ability to read and review contracts critically in line with company requirements
• 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
• Great understanding of business processes