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  • Posted: Mar 28, 2022
    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 ...
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    Territorial Head: Reinsurance x 2

    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

    go to method of application »

    Underwriter: Professional Indemnity

    What will you do?
    This career opportunity is available at SHA Risk Specialists a division of Santam for the Underwriter: PI, who will be based in Johannesburg, Illovo.

    What will make you successful in this role?

    Underwriting

    • Underwrite and manage a portfolio of existing and new business, which may be complex in nature, including all tasks associated therewith but not limited Underwriting Governance which includes detailed risk evaluation and assessment, coverage and exposure analysis, pricing determination, detailed claims analysis (understanding loss ratios and claim trends) and wording review & negotiations within underwriting authority.
    • Refer and acquire sign-off relating to matters falling outside of own authority, in accordance with authority matrix.
    • Adherence at all times to the authority matrix, departmental protocols and procedures, including Underwriting Governance provisions.
    • Detailed explanations regarding changes with respect to terms/ underwriting stance.

    Marketing

    • Visit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.
    • Feedback on market intelligence.

    Client Liaison (Internal and External)

    • Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
    • Prepare for and attend meetings.

    Financial

    • Meet budget responsibility for a book of business.
    • Monitor renewals, lapsed policies and new business with monthly report back.
    • Ensure we maintain a 2.5% Cancellation Reserve

    Strategic Input

    • Provide strategic input for relevant business area if and when required.

    Staff

    • Mentor and provide technical training of current and new staff if and when required. 
    • Assist Underwriting Head in the day-to-day management of staff on underwriting matters and other issues if and when required.
    • Assist with performance management of staff if and when required.

    General Administration

    • Follow up on quotations and renewals.
    • Adhere to follow internal Rater computation. 
    • Adhere to internal capturing system in accordance with organisation standards, processes and processes. 
    • Accountability to sign and check policy documentation.
    • Handle accounts/ telephonic queries.
    • Assist with credit control when required.
    • Production and/or sign-off of reports within stipulated timeframes.
    • Attend to daily administrative routine tasks in accordance with organisational standards, processes and procedures.
    • Attend to the typing of general correspondence if and when necessary.
    • Assist team colleagues with ensuring services level agreements.

    Qualifications and Experience

    • Matric
    • Appropriate degree and/or insurance related qualification.
    • FAIS compliant
    • 5 years PI underwriting experience 

    go to method of application »

    Underwriter: Liability

    What will you do?
    This career opportunity is available at SHA Risk Specialists a division of Santam for the Underwriter: PI, who will be based in Johannesburg, Illovo.

    • Underwrite and manage a portfolio of existing and new business, which may be complex in nature, including all tasks associated therewith but not limited Underwriting Governance which includes detailed risk evaluation and assessment, coverage and exposure analysis, pricing determination, detailed claims analysis (understanding loss ratios and claim trends) and wording review & negotiations within underwriting authority.

    What will make you successful in this role?
    Underwriting

    • Underwrite and manage a portfolio of existing and new business, which may be complex in nature, including all tasks associated therewith but not limited Underwriting Governance which includes detailed risk evaluation and assessment, coverage and exposure analysis, pricing determination, detailed claims analysis (understanding loss ratios and claim trends) and wording review & negotiations within underwriting authority.
    • Refer and acquire sign-off relating to matters falling outside of own authority, in accordance with authority matrix.
    • Adherence at all times to the authority matrix, departmental protocols and procedures, including Underwriting Governance provisions.
    • Detailed explanations regarding changes with respect to terms/ underwriting stance.

    Marketing

    • Visit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.
    • Feedback on market intelligence.

    Client Liaison (Internal and External)

    • Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
    • Prepare for and attend meetings.

    Financial

    • Meet budget responsibility for a book of business.
    • Monitor renewals, lapsed policies and new business with monthly report back.
    • Ensure we maintain a 2.5% Cancellation Reserve

    Strategic Input

    • Provide strategic input for relevant business area if and when required.

    Staff

    • Mentor and provide technical training of current and new staff if and when required. 
    • Assist Underwriting Head in the day-to-day management of staff on underwriting matters and other issues if and when required.
    • Assist with performance management of staff if and when required.

    General Administration

    • Follow up on quotations and renewals.
    • Sign and check policy documentation.
    • Handle accounts queries.
    • Assist with credit control if and when required.
    • Production and / or sign-off of reports within stipulated timeframes.
    • Attend to daily administrative routine tasks in accordance with organisational standards, processes and procedures.

    Qualification and Experience

    • Matric
    • Appropriate tertiary qualification a preference
    • Must be FAIS compliant
    • 3 years Liability underwriting experience (This is not a trainee position.)
       

    Method of Application

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