Assistant Underwriting Manager at Nedbank

Job Purpose
To assist, plan and control of the underwriting department to profitably grow the risk book on an underwriting and administration basis, in line with Nedbank's business strategy.

Job Responsibilities

• Monitor underwriting requirements and decisions to ensure cost effectiveness of pricing.
• Manage and monitor underwriting decisions to ensure alignment with pricing.
• Provide input into budget determination around headcount and cost of landing business.
• Ensure transformational target are met.
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
• Stay abreast of developments in field of expertise, ensuring personal and professional growth.
• Lead organisational change initiatives by providing direction and aligning to strategy and culture.
• Ensure issues raised in culture surveys are addressed and results are improved.
• Deliver a world class service through others by ensuring a client centric culture through required interventions
• Identify areas of resource inefficiencies and promote optimisation through multi-skilling and addressing capacity gaps.
• Manage adherence to agreed SLAs.
• Assist in updating any service agreement/contracts in place as and when  required, including annual review.
• Make formal presentations to all business stakeholders to promote and enhance stronger business relationship.
• Collaborate with internal and external clients through attending business meetings and presentations, and attending underwriting specific seminars.
• Manage and monitor financial underwriting decisions 
• Accept and authorise high level risks within company guidelines.
• Assist with development, implementation and updating the underwriting rules outcomes based on current
• approach to specific impairments.
• Conduct underwriting audits bi-annually to ensure underwriting philosophy and decision-making in keeping with the risk appetite.
• Ensure automated work flow within the administration system is delivering the desired outcome.
• Optimise efficiency and embed correct values by ensuring direct reports understand and support Nedbank's vision, values and strategy.
• Assist in managing performance of direct reports and hold them accountable.
• Maintain a high performing team by identifying a talent pool through conducting career conversations and using the talent grid principles and developing talent retention programmes.
• Build depth of skills and knowledge in the team of managers.
• Ensure continuous improvement goals are achieved.

People Specification

• Essential Qualifications - NQF Level
• Advanced Diplomas/National 1st Degrees
• Preferred Qualification
• B. Degree in Insurance / Commerce
• IISA

Type of Exposure

• Developing succession plans
• Developing resource plans to execute functional strategies
• Networking and building business relationships
• Building a community of leaders
• Managing business risks
• Conducting benchmarking and analysis to investigate improvement opportunities
• Making financial decisions
• Managing a department or area
• Developing a stakeholder management grid for the business
• Executing organisational change

Minimum Experience Level

• 10 years experience in underwriting with a minimum of 3 years in senior underwriter/management role in short term insurance. 

Technical / Professional Knowledge

• Business administration and management
• Change management
• Financial Accounting Principles
• Governance, Risk and Controls
• Organisational behaviour theory
• Relevant regulatory knowledge
• Strategic planning
• Management information and reporting principles, tools and mechanisms
• Quality management and lean methodologies

Behavioural Competencies

• Adaptability
• Aligning Performance for Success
• Coaching
• Decision Making
• Building partnerships
• Driving for Results
• Planning and Organizing

Closing Date: 31st, March 2022