Senior Underwriter at Santam Insurance

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.

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