Technical Underwriter (Construction & Guarantees) - Sandton at Guardrisk

Role Purpose    

• Risk based underwriting of facilities and guarantees transactions for the construction (contract) bonds & guarantees division.

Requirements    

• An undergraduate degree in the Built Environment
• A postgraduate degree in the Built Environment (MEng, MSc or similar) (or working towards it)
• Certificate in short-term Insurance (or working towards it)
• RE 5 Certificate for Representatives (or working towards it)
• FAIS compliant (or working towards it)
• At least 4 years working experience in a surety/guarantees/trade division of an insurer/reinsurer/bank.
• Commercial knowledge of the infrastructure/construction contracts, guarantee wordings, engineering principles and legal principles.

Duties & Responsibilities    

• Underwriting of complex and large guarantees transactions within the construction guarantees portfolios.
• Underwriting of guarantees within the designated operational mandate.
• Assist management on the portfolio management of large/corporate clients.
• Preparation of thorough and detailed underwriting risk/credit reports.
• Assess the full life cycle of a construction project from inception to close out.
• Assess existing and new clients’ financial statements & prepare a detailed financial risk assessment.
• Conduct value engineering & risk assessment on new and existing projects.
• Assist with the underwriting & placement of foreign and corporate guarantees.
• Perform reference and credit checks for existing and new construction clients.
• Enhance underwriting standards in the construction bonds & guarantees division.
• Manage the underwriting methodology in the construction bonds & guarantees division through continuous research and improvements.
• Pursue relevant growth opportunities that would allow the Guarantees division to achieve its strategic targets and objectives.
• Build, maintain and continuously strengthen all relationships with the MMH Group’s product, support, reinsurance as well as broker partners.
• Ensure that all regular interactions with any of the MMH Group’s reinsurance, broker or product partners are done at the highest possible level of professionalism.
• Stay abreast of developments in the global guarantee & related insurance markets.
• Maintain professional relationships with all customers, suppliers and trade connections of the MMH Group with a view to maintain and improve the group’s reputation and goodwill

Competencies    

• Analytical skills
• Detail orientated
• General legal
• Risk mitigating
• Collaborative
• Innovative