Senior Underwriting Manager (Financial Lines)

Johannesburg - South Africa

Monthly Salary: Not Disclosed

Posted on: 18 hours ago

Vacancies: 1 Vacancy

Job Summary

Introduction

Guardrisk part of Momentum Group Limited is South Africas leading provider of cell captive business and alternative risk transfer solutions offering tailor-made risk financing and access to professional reinsurance markets. As the market leader we specialise in innovative cell captive structures that allow clients to operate their own insurance products within a ring-fenced facility including underwriting actuarial legal compliance and financial reporting services without the costs and complexities of establishing an insurance company. Registered for most statutory classes of non-life and life insurance we provide customised cover and strategic risk solutions. Our services cater to corporates that are serious about risk management those facing complex or high-cost risks and businesses looking to offer their own branded insurance products.

Role Purpose

Underwriter Financial Lines risks delivering profitable sustainable growth in accordance with underwriting guidelines reinsurance treaties and regulatory requirements. Build and maintain broker relationships execute timely and sound underwriting decisions and contribute to the lines portfolio strategy product development and market positioning.

Duties & Responsibilities

Technical Underwriting

Underwrite new and renewal risks D&O FI Crime/Fidelity and related products within delegated underwriting authority.

Perform comprehensive risk assessment: financial statement analysis management quality claims history industry risk control environment governance and limit/profile adequacy.

Structure terms: limits deductibles/retentions wordings endorsements coinsurance and market pricing aligned to portfolio strategy.

Approve or refer submissions in line with referral matrices document rationale and file underwriting to audit standards.

Ensure policy forms comply with reinsurance legal and regulatory requirements; align with TCF principles.

Portfolio & Profitability Management

Manage a defined broker panel and book of business monitoring loss ratio rate change retention new business hit ratio exposure aggregation and capacity utilisation.

Proactively drive rate adequacy and remedial actions on deteriorating segments (wording changes pricing declinatures sub-limits risk-improvement warranties).

Collaborate with actuarial and claims to analyse trends loss drivers and recommend product/wording or pricing updates.

Broker Engagement

Develop and execute broker engagement plans; conduct underwriting meetings deal negotiations and portfolio reviews.

Provide technical support on wording/coverage and participate in marketing initiatives.

Maintain high service standards: turnaround times clarity of terms and professional communication.

Governance Compliance & Controls

Maintain accurate complete underwriting records for internal audit and reinsurer review.

Support credit control.

Requirements

Qualifications

Bachelors degree as above; post-grad (e.g. Hons/LLB/CA(SA)/CFA/ACII/AIISA/FCII) advantageous.

Experience

At least 58 years demonstrable Financial Lines underwriting with portfolio ownership and broker relationship leadership.
Proven complex account negotiation capability.
Full FAIS/FSCA compliance and a track record of coaching/mentoring junior underwriters.

Competencies

Financial analysis (balance sheet strength leverage liquidity cash flow earnings quality).
Coverage and wording mastery (D&O FI Crime/Fidelity).
Negotiation & influencing with brokers clients.
Decision quality under time pressure; commercial judgement with technical rigor.
Collaboration across Claims Reinsurance Actuarial Legal/Compliance Finance/Credit Control.

Required Experience:

Manager

IntroductionGuardrisk part of Momentum Group Limited is South Africas leading provider of cell captive business and alternative risk transfer solutions offering tailor-made risk financing and access to professional reinsurance markets. As the market leader we specialise in innovative cell captive st...