Underwriting Manager- Construction Guarantees at Guardrisk

Requirements

• An undergraduate diploma/degree (BCom, BScEng, QS, LLB or similar).
• A postgraduate diploma/degree (MBA, MCom, MSc or similar) - or working towards it.
• Certificate in Banking/Short-Term Insurance (or working towards it)
• RE 5 Certificate for Representatives (or working towards it)
• FAIS compliant (or working towards it)
• Minimum 10 years working experience in the guarantees/trade banking/reinsurance industry.
• Credit risk assessment & analytics.
• Knowledge of infrastructure and project finance.

Duties & Responsibilities

• Underwriting of large & complex guarantees transactions.
• Underwriting of foreign and corporate guarantee transactions.
• Underwriting of renewable energy guarantee transactions.
• Member of the underwriting risk committee for the Construction Bonds & Guarantees division.
• Preparation of thorough and detailed underwriting reports & proposals.
• Conduct due diligence, credit risk assessment for projects and guarantee deals.
• Develop financial analysis and modelling for large project deals.
• Underwriting of guarantees within the designated operational mandate.
• Structuring of guarantee instruments, legal documentation and commercial terms for project deals.
• Oversee the corporate portfolio of existing clients across the Energy and Construction Guarantees division.
• Client relationship management and stakeholder engagement.
• Ensure that existing relationships with brokers and other role players are strengthened and built on a continuous basis.
• Collaboration and relationship building with commercial banks, private lenders and infrastructure funding/financial institutions.
• Collaboration and relationship building with direct clients, developers, infrastructure consultants and industry bodies.
• Ensure that new relationships are established to support the growth plans of the greater Guarantees division.
• Grow the Energy & Construction Guarantees book of business in the corporate segment.
• Management of the energy & construction guarantees team (portfolio managers/underwriters).
• Mentoring & training the Construction Guarantees team members.
• 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 Momentum Group’s reinsurance, broker or product partners are done at the highest possible level of professionalism.
• Stay abreast of developments in the construction, surety, guarantee & related markets.
• Maintain professional relationships with all customers, suppliers and trade connections of the Momentum Group with a view to maintain and improve the group’s reputation and goodwill.