Reinsurance Treaty Underwriter at Santam Insurance

What will you do?

• Santam Reinsurance has a Reinsurance Underwriter role available. The role reports tthe Territorial Lead:Reinsurance Underwriting and will be based at the Santam Head Office in Bellville.
• The Reinsurance Underwriter will be responsible for underwriting and managing a reinsurance treaty book within one of Santam Reinsurance’s existing geographical regions.

KEY ACCOUNTABILITIES AND RESPONSIBILITIES WILL INCLUDE:

• 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 in conjunction with the Pricing team.
• Building and maintaining reinsurance broker and client relationships for both existing business and potential business.
• Reviewing pricing and underwriting the reinsurance treaties using a range of actuarial and softer methods wordings
• Understanding of contract wordings and able to negotiate on a granular level in compliance with internal guidelines.
• Detailed meeting capture following market visits
• Checking and monitoring accounts, payments and profitability of the book.
• Drive profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks.
• Preparing Underwriting Review for Underwriting Committee.
• Review and submit endorsements and special acceptances for review and approval
• Capturing of information on relevant system.
• Responsibility for completeness of all required documents and adherence to the Underwriting Guidelines and Standard Operating Procedures.

Qualifications and Experience

Minimum Requirements:

• Undergraduate degree with a significant numerate component (actuarial, stats, maths, commerce etc.)
• 3 years of Treaty Reinsurance Underwriting experience
• Proficient in Microsoft Excel , MS Word and PowerPoint
• Willingness to work over the Christmas and Easter Holiday period
• Willingness to travel occasionally

Advantageous Qualifications, Knowledge and Experience:

• Good understanding of reinsurance principles and concepts
• An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of reinsurance submission.
• A strong understanding of insurance and related risks
• Reinsurance technical accounting knowledge
• Project Management experience