Underwriter at Santam Insurance

What will you do?
Prive has a position available for a commercial underwriter - Risk engineering. The position will have full accountability for the underwriting of all very large Commercial Property policies with exposures greater than R2500m at every stage of the policy lifecycle i.e. from quote stage to amendments to renewal of these policies and will therefore require a certain level of discretion to be considered and applied. The incumbent will be expected to know these policies intimately and be able to discuss details directly with brokers, giving advice where required and suggesting solutions.

What will make you successful in this role?

• Provide technical reviews of survey reports and risk reduction requirements
• Prepare underwriting terms on quotes for these policies
• Handle amendments for these policies on the Santam systems
• Prepare reinsurance calculations to determine the exposure
• Read and Interpret the survey report requirements and prepare RRR letters for brokers incl. handling RRR negotiations under the guidance of the relevant Technical Manager
• Interpret technical information and assist brokers with policy wording interpretation
• Discuss renewals with brokers for these policies and have intimate understanding of these policies so that you can have an informed discussion with brokers, Technical Managers and Commercial Property Specialist where necessary 
• Collate information and identify missing information before sending onto Underwriting Specialist; reference source for information and recommend decision to Specialist
• Perform underwriting reviews (new business, amendments, multi claimants and renewals)
• Manage data quality and find solutions to improve data for underwriting purposes

QUALIFICATIONS AND EXPERIENCE

• Matric
• Minimum 3 years risk surveying experience  
• Minimum 3 years Commercial Lines underwriting experience  
• 60 credits in terms of Commercial Lines/ RIA
• Additional completed tertiary insurance qualifications will be beneficial  
• In-depth knowledge of Santam Commercial product and working knowledge of our Assets All Risk product
• Working knowledge of reinsurance
• Computer literate (MS Word, Excel and PowerPoint – intermediated proficiency levels) 
• Engineering qualification - advantageous

SKILLS

• Analytical thinking with ability to statistically analyse information and data
• Ability to cope with conflicting demands and to prioritize tasks
• Appreciation of insurance and underwriting principles
• Numerical skills
• Information seeking i.e. likes to get to the bottom of things
• Commercial and profit driven
• Execution and deadline oriented
• Good communication skills (verbal and written)
• Keen attention to detail
• Teamwork and cooperation  

Qualification and Experience

• Diploma with 5 to 6 years related experience. Underwriting limit R1 million

Knowledge and Skills

• Profitable Underwriting
• Client service (complaints/queries/ investigations/advice)
• Coaching, training and quality management
• Reporting and adhoc meetings