Senior Underwriter (Non-Life) at Momentum Metropolitan Holdings Limited

Requirements

• Minimum 120 FAIS Credits (NQF Level 5)
• At least 10 years commercial and corporate underwriting experience in an insurance company
• Insurance qualification would be an added advantage
• RE5 Short Term (Commercial and Personal Lines)
• Knowledge of Sasria and Sasria regulations

Duties & Responsibilities

• Issuing and assisting in the structure of the First Party solutions
• Ensuring adherence to professional standards of service and compliance with all legislative and licensing requirements
• Providing technical underwriting expertise and support to Product Owners, UMA’s and Portfolio Managers
• Ensuring that 100% Reinsurance deals are managed and controlled
• Ensuring that UMA and NMI Binder Holders are adhering to agreed mandates
• Monitoring the underwriting performance of the various cell facilities
• Developing / reviewing rating guidelines for the UMA’s and NMI Binder Holders
• Performing Due Diligence on New Business prospects prior to Binder of Cell Agreements
• Performing client reviews as per the review programme
• Assisting in development of new products and the revision of existing ones
• Reviewing and drafting new policy wordings as required
• Reviewing and ensuring that Policies are issued in accordance with the reinsurance slips for all 100% reinsurance deals
• Ensuring compliance with all legislative and licensing requirements
• Providing technical advice to Portfolio Managers and Product Owners
• Special Projects
• Collaboration with Compliance Areas
• Ensuring that the Sasria function is controlled and ensuring that the processes are adhered to