Reinsurance Underwriter at Santam Insurance

What will you do?
Santam Reinsurance has a Reinsurance Underwriter role available. The role reports to the Territorial Heads or the Head: 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. This job will appeal to anyone who wants to learn how to build and manage a portfolio of reinsurance risks. While previous experience is nice to have anyone with a numerate university degree, 3-5 years of post-university work and a desire to work hard and learn should apply.

What will make you successful in this role?

• 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
• Drive profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks.
• Analyzing contract wordings. Checking and monitoring accounts, payments and profitability of the book.

Qualification and Experience
Minimum Requirements:

• Undergraduate degree with a significant numerate component
• 3-5 years’ of work experience preferably in the insurance/ reinsurance, finance, risk management or engineering sectors. 
• Proficient in Microsoft Excel , MS Word and PowerPoint
• Willingness to work over the Christmas and Easter Holiday period
• Willingness to travel internationally

Advantageous Qualifications, Knowledge and Experience:

• Master’s degree, Engineering Degree, Actuarial Qualification (FIA, CFA or actuarial students who have stopped the professional exams).
• 3-5 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

Knowledge and skills

• Excellent verbal and written communication skills
• Analytical ability
• 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

Competencies

• Collaborates
• Client focus
• Drives results 
• Flexibility and adaptability
• Cultivates Innovation
• Organisational savvy
• Balancing stakeholders
• Plans and aligns
• Optimises work processes
• Client service (complaints/queries/ investigations/advice)