Senior Underwriter (Non-Life)
Senior Underwriter (Non-Life)
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The candidate will be responsible for administering the underwriting functions in respect of all Guardrisk divisions and assisting in the oversight of the underwriting functions performed at Underwriting Managers and Non Mandated Binder Holders.
Role Purpose
The candidate will be responsible for administering the underwriting functions in respect of all Guardrisk divisions and assisting in the oversight of the underwriting functions performed at Underwriting Managers and Non Mandated Binder Holders.
Duties & Responsibilities
- Issuing and assisting in the structure of the First Party solutions
- Ensuring adherence to professional standards of service and compliance with all legislative and licensing requirements
- Providing technical underwriting expertise and support to Product Owners UMAs and Portfolio Managers
- Ensuring that 100% Reinsurance deals are managed and controlled
- Ensuring that UMA and NMI Binder Holders are adhering to agreed mandates
- Monitoring the underwriting performance of the various cell facilities
- Developing / reviewing rating guidelines for the UMAs and NMI Binder Holders
- Performing Due Diligence on New Business prospects prior to Binder of Cell Agreements
- Performing client reviews as per the review programme
- Assisting in development of new products and the revision of existing ones
- Reviewing and drafting new policy wordings as required
- Reviewing and ensuring that Policies are issued in accordance with the reinsurance slips for all 100% reinsurance deals
- Ensuring compliance with all legislative and licensing requirements
- Providing technical advice to Portfolio Managers and Product Owners
- Special Projects
- Collaboration with Compliance Areas
- Ensuring that the Sasria function is controlled and ensuring that the processes are adhered to
Requirements
- Minimum 120 FAIS Credits (NQF Level 5)
- At least 10 years commercial and corporate underwriting experience in an insurance company
- Insurance qualification would be an added advantage
- RE5 Short Term (Commercial and Personal Lines)
- Knowledge of Sasria and Sasria regulations
Competencies
- Ability to work under pressure
- Planning and Organising
- Good communication skills
- Numerical Skills
- Initiative
- Building Relationships
- Ability to work independently
Required Experience:
Senior IC
Employment Type
Full-Time
