Territorial Head: Reinsurance x 2 at Santam Insurance

The Territorial Head will be responsible for the development and management of a reinsurance treaty book within one of the geographic regions and for a number of different classes of business.

What will make you successful in this role?

• 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 and writing 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.
• Managing a small team. Providing guidance and supporting the team with training and development activities.

Qualifications and Experience

• Master’s degree, Actuarial Qualification (not necessarily FIA) or CFA.
• An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of a reinsurance submission.
• Good understanding of reinsurance principles and concepts
• Reinsurance technical accounting knowledge
• A strong understanding of insurance and related risks
• Project Management experience
• 2-3 years experience in leading and managing a team

Knowledge and Skills

• Excellent verbal and written communication skills
• Analytical ability
• Ability to write contract wording
• Advanced numeracy skills
• Ability to work independently with limited supervision
• Team Player
• Ability to manage a team
• High stress tolerance
• Strong negotiation skills
• Ability to work to tight deadlines and under pressure
• 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
• Good planning and organizing skills
• Time management
• Data Collection and monitoring decisions made by underwriters based on knowledge of business processes
• Reporting and Administration

Competencies

• Excellent verbal and written communication skills
• Analytical ability
• Ability to write contract wording
• Advanced numeracy skills
• Ability to work independently with limited supervision
• Team Player
• Ability to manage a team
• High stress tolerance
• Strong negotiation skills
• Ability to work to tight deadlines and under pressure
• 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
• Good planning and organizing skills
• Time management
• Data Collection and monitoring decisions made by underwriters based on knowledge of business processes
• Reporting and Administration