Corporate Underwriter x2 at Sasria

Job Advert Summary    

• The Corporate Underwriter will be required to perform the full corporate underwriting tasks and  participate in the implementation of the underwriting and re-insurance strategy.
• The Corporate Underwriter will also drive reinsurance broker engagements and participate in the implementation of  terms and conditions for policy holders and rules and regulations for our distribution partners (Brokers, 

Insurers and UMA’s)

• The Corporate Underwriter will be expected to provide technical expertise and advisory services to 
• Sasria’s internal and external stakeholders.

Minimum Requirements    
Qualifications

• Matric 
• NQF level 7 qualification (BCom degree or similar)
• Higher Certificate in Short-term Insurance
• RE 5 will be an added advantage

Experience

• Minimum 5 years’ experience in Corporate Property Insurance
• Experience in leading and/or underwriting corporate property accounts
• Portfolio management is advantageous 
• Experience in negotiating reinsurance placements advantageous

Duties and Responsibilities    
Strategic Alignment

• Contribute towards the development of the company’s strategic plans.
• Contribute to the development and drive of the Underwriting strategy.
• Contribute to the review of policy wordings and regulations.
• Conduct continuous market analysis and contribute towards the enhancement of existing products and development of new products. 
• Contribute to the review and implement departmental policies and procedures on an annual basis. 

Rate development

• Contribute to annual rate review to ensure adequate pricing for new and existing products in partnership with the Actuarial function.
• Contribute to risk analysis in partnership with the Business Intelligence function, to improve risk mitigation. 
• Analyse claims and premiums trends which provide input into underwriting pricing and risk.

Underwriting Function

•  Review terms and conditions of products annually to ensure they remain relevant and up to date.
• Contribute technical inputs on discussion and negotiations of policy wordings.
• Review of broker submission on new business and renewals, and the underwriting of business to ensure adherence to Sasria guidelines.
• Risk assessment by analysis of risk management reports, discussion with internal and external stakeholders, and subsequent motivation and 
• implementation of risk improvement recommendations.
• Maintain Sasria underwriting standards/discipline based on required information, including insured’s loss history, risk concerns, proposed wordings, deductibles etc
• Conducting GAP analyses of our rules and regulations to ensure they remain relevant and up to date.
• Handle technical queries and provide technical assistance to our brokers and Agents through visits.
• Contribute to the annual rates review, ensuring competitiveness and viability of the product.
• Contribute to Conducting research on possible new products and enhancement to existing products.
• Continuously review product information on our website to ensure remains up to date and relevant.

Monitor and report on the loss ratio movement.

• Support sustainable pricing decisions by analysing portfolio-level risk concentration, diversification benefits and stress scenarios.
• Compilation and production of data and reports as required by line managers/executive managers of the company.
• Compliance with regulations and delegated authority levels and execution of business within mandates.
• Compilation and submission of new business and renewal business to reinsurers and reinsurance brokers.
• Monitor and apply corrective measures on multi claimants.
• Participate in monthly operations reporting on financial and operations.

Risk Management

• Identifying Risks and Emerging Risks.
• Establish required controls to mitigate operational risks.

Stakeholder Engagement

• Engage legal and Compliance to ensure adherence to regulatory requirements. 
• Continuous engagement with corporate brokers and clients.
• Collaboration with PM and Actuarial teams.
• Collaborate with Internal Audit and Quality assurance to ensure market adherence to Sasria processes.
• Engagement with re-insurance brokers.

Financial

• Contribute towards compiling budgetary requirements.
• Manage allocated budget ensuring expenditure remains within the set parameters.
• Perform any reasonable tasks as and when required by the Line Manager.

Perform Adhoc tasks

• Perform any reasonable tasks as and when required by the Line Manager.

Closing Date    
2026/02/25