Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. Santam is a subsidiary of Sanlam Limited and has been listed ...
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Assist the Underwriter/Client relationship management team in 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
Support the drive of profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks.
Research different region’s (Re)insurance sectors to determine the best strategy to employ on the portfolio
Improving processes by actively engaging stakeholders on the processes involved in the underwriting process.
Analyzing contract wordings
Actively involved in projects determined by the Territorial Head and/or Chief Underwriter.
Administration: updating internal systems and files, running reports. Ensures the admin for the team is completed on SharePoint and iRe (liaising with admin team).
Supports the territorial head and reinsurance underwriter with preparing for trips by preparing market research, pulling accounts for clients being visited, etc.
Frequently engages with clients over teams, zoom, the phone.
Has an established relationship with the accounts and claims teams.
Checking and monitoring accounts, payments and profitability of the book.
QUALIFICATION AND EXPERIENCE
Undergraduate degree with a significant numerate component such as Math, Computer Science, Statistics, Economics, Physics, Engineering or Actuarial Science.
0-3 years’ of work experience preferably in the insurance/ reinsurance, finance and/ or risk management sectors.
SKILLS
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
Willingness to work over the Christmas and Easter Holiday period
Willingness to travel internationally
Good understanding of reinsurance principles and concepts
Excellent verbal and written communication skills
Analytical ability
Ability to read and review contracts critically in line with company requirements
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
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