Reinsurance Underwriter

2 weeks ago

Bellville, Western Cape, South Africa Santam Full time
What will you do?

Santam Reinsurance has a Reinsurance Underwriter role available.

The role reports to the Territorial Heads or the Head:
Reinsurance Underwriting and will be based at the Santam Head Office in Bellville. What will make you successful in this role?


The Reinsurance Underwriter will be responsible for underwriting and managing a reinsurance treaty book within one of Santam Reinsurance's existing geographical regions.

This job will appeal to anyone who wants to learn how to build and manage a portfolio of reinsurance risks.

While previous experience is nice to have anyone with a numerate university degree, 3-5 years of post-university work and a desire to work hard and learn should apply.


KEY ACCOUNTABILITIES AND RESPONSIBILITIES WILL INCLUDE:
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 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.
Qualifications and Experience

Undergraduate degree with a significant numerate component
3-5 years' of work experience preferably in the insurance/ reinsurance, finance, risk management or engineering sectors.
Proficient in Microsoft Excel, MS Word and PowerPoint
Willingness to work over the Christmas and Easter Holiday period
Willingness to travel internationally

Advantageous Qualifications, Knowledge and Experience:

Master's degree, Engineering Degree, Actuarial Qualification (FIA, CFA or actuarial students who have stopped the professional exams).
3-5 years' experience in the short term insurance industry/reinsurance environment.
Good understanding of reinsurance principles and concepts
An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of a reinsurance submission.
A strong understanding of insurance and related risks
Reinsurance technical accounting knowledge
Project Management experience
Competencies

Collaborates
Client focus
Drives results
Flexibility and adaptability
Cultivates Innovation
Organisational savvy
Balancing stakeholders
Plans and aligns
Optimises work processes
Client service (complaints/queries/ investigations/advice) 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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