Reinsurance Underwriter at Santam Insurance

What will make you successful in this role?

• 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.

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.
• 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. 

Qualifications and Experience

• 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

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)