Commercial Underwriter

2 weeks ago

Cape Town, Western Cape, South Africa Santam Full time

What will you do?

Santam's Operations' division currently has an exciting opportunity available for a Commercial Underwriter who will be based within the Operational Underwriting and Risk Control team (Bellville or Johannesburg).
To be responsible for maintaining and administering the Santam Underwriting rules within the Commercial Underwriting Technical Team Operations.

What will make you successful in this role?


• Manage appropriate underwriting rules for the commercial portfolio aligned with Santam's risk appetite and rating structures.


• Provide technical underwriting expertise and advice to all internal clients.


• Understand, and champion the underwriting needs of intermediaries, staff and clients by Identify underwriting trends and addressing pro-actively.


• Handle referrals for complex underwriting and pricing exceptions


• Influence the behaviour of business partners in terms of underwriting applied on policies as well as underwriting actions which impact profit.


• Propose underwriting enhancement which may include wording changes or new coverages.


• Support the development of new product underwriting functionality on Santam platforms and applications.


• Assist with transfer of skills to underwriting partners in the business.

QUALIFICATIONS


• Bachelors' Degree/AIISA/FIISA or comparable short term insurance qualification


• FAIS compliance (min of 120 credits on NQF5 in commercial insurance)


• Completed or in the process of completing the Santam Academy courses in commercial insurance (Internal)


• Completed the Risk Identification and Assessment programme (Internal)

KNOWLEDGE

• Advance knowledge in MS Office: Word, Excel, PowerPoint, Outlook as well as Microsoft Dynamics 365

• In depth knowledge and understanding of commercial policy wordings

• Extensive short-term insurance knowledge

• Understanding of Commercial Underwriting quoting tools

EXPERIENCE

• Minimum of 10 years short-term insurance industry experience within a Commercial underwriting environment, with at least 5 years specifically focused on pricing and underwriting of risks.

SKILLS

• Ability to statistically analyse information and data

• Advanced numeracy skills

• Appreciation of insurance and underwriting principles

• Santam Underwriting and Policy Administration Systems, namely: WEBe, Mainframe, PolicyCenter (will be advantageous)

Build a successful career with us

We're all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Only candidates whose CV qualifies them for the relevant underwriting authority required by the role will be shortlisted.
Closing date for applications: 12 June 2024

ABOUT THE COMPANY

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia.

Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We're about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees.

At Santam we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.

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