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  • Posted: Aug 2, 2024
    Deadline: Not specified
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  • 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 ...
    Read more about this company

     

    Senior Underwriter

    WHAT WILL YOU DO

    • The Senior Reinsurance Underwriter is to report to the Chief Underwriting Officer.
    • Applicants must be based in Cape Town, South Africa, or be prepared to relocate. The role also requires some travel.
    • This dynamic role requires a passionate, energetic individual to handle reinsurance pricing activities, tools management and portfolio steering to manage exposure, profitability and growth.

    WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE

    • Underwriting, managing and maintaining a reinsurance treaty book in the chosen territory. This is both, a client facing and an underwriting role.
    • Analyzing and working with Client’s information.
    • Pricing treaties using internal models.
    • Reviewing Contract Wordings in line with the Underwriting Guidelines.
    • Performing Compliance checks on Contracts and Cedants.
    • Preparing Underwriting Review for Underwriting Committee.
    • Review and manage endorsements and special acceptances.
    • Claims review and approval.
    • Capturing of information on relevant filing system.
    • Responsibility for completeness of all required documents.
    • Maintenance of internal Reports.
    • Training and development of team members on areas of expertise and new industry relevant topics.

    QUALIFICATION AND EXPERIENCE
     Minimum requirements:

    • Master’s degree, Engineering Degree, Law or Actuarial Qualification (FIA, CFA or Actuary) with significant numerate component
    • At least 7 years of work experience in the reinsurance, finance, risk management or engineering sectors preferably in underwriting or client management
    • Solid Client and Business Development experience (at least 7 years of experience)
    • Willingness to work over the Christmas and other holiday periods 
    • Willingness to travel internationally

    Advantageous qualifications, knowledge and experience:

    • 7 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

    Check how your CV aligns with this job

    Method of Application

    Interested and qualified? Go to Santam Insurance on careers.sanlamcloud.co.za to apply

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