Underwriting Manager

1 week ago

Johannesburg, South Africa Nedbank Full time

**Job Classification**
- **REQ: 122542 - Refilwe Falatsi**:

- **Closing Date:21 August 2023**:

- **Division: Nedbank Insurance**:

- **Functional Unit: Client Solutions**:

- **Employment Equity Statement: Preference will be given to Individuals from underrepresented groups.**:

- **NB: This role will be focused on "non-Life" underwriting.**
- Job Family- Risk, Audit and Compliance
- Career Stream- Underwriting
- Leadership Pipeline- Manage Managers
- FAIS Affected- FAIS Affected - Yes**Job Purpose**
- To manage; plan and control the Underwriting Department to profitably grow the risk book on an underwriting and administration basis; in line with Nedbank's business strategy**Responsibilities**:

- Ensure the implementation and development of underwriting management strategies.
- Manage and monitor short term underwriting requirements and decisions to ensure cost effectiveness of pricing.
- Provide input into budget determination around headcount and cost of landing business.
- Ensure transformational targets are met.
- Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
- Stay abreast of developments in field of expertise, ensuring personal and professional growth.
- Lead organisational change initiatives by providing direction and aligning to strategy and culture.
- Ensure issues raised in culture surveys are addressed and results are improved.
- Deliver a world class service through others by ensuring a client centric culture through required interventions.
- Identify areas of resource inefficiencies and promote optimization through multi-skilling and addressing capacity gaps.
- Manage adherence to agreed SLAs.
- Update any service agreement / contracts in place as and when required, including annual review.
- Make formal presentations to all business stakeholders to promote and enhance stronger business relationship.
- Collaborate with internal and external clients through attending business meetings and presentations and attending underwriting specific seminars.
- Manage and monitor short term underwriting decisions.
- Accept and authorize high levels risks within company guidelines.
- Develop, implement and update the underwriting rules outcomes based on current approach to specific impairments.
- Conduct underwriting audits bi-annually to ensure underwriting philosophy and decision-making in keeping with the risk appetite.
- Ensure automated workflow within the administration system is delivering the desired outcome.
- Optimize efficiency and embed correct values by ensuring direct reports understand and support Nedbank's vision, values and strategy.
- Manage performance of direct reports and hold them accountable for managing the performance of their reports by implementing performance agreements and ensuring a clear vision.
- Maintain a high performing team by identifying a talent pool through conducting career conversations and using the talent grid principles and developing talent retention programmes.
- Build depth of skills and knowledge in the team.
- Ensure continuous improvement goals are achieved.

**People Specification**
- Essential Qualification- **Bachelors Degree in Insurance or Risk Management or similar qualification (NQF 7)**:

- **Higher Certificate or Advanced Certificate in Short Term Insurance**:

- **and/ or Underwriting qualification**:

- **RE5 and/or RE 1**
- Essential Certifications- FAIS Regulatory Examination 1 qualification
- Membership of the Insurance Institute of South Africa (AIISA)
- Preferred Certifications- Membership of the Insurance Institute of SA (AIISA)- Minimum Experience Level- 7 to 10 years in Short Term Underwriting (Personal Lines) with a minimum of 3 years in a Senior underwriter / management role.**Technical / Professional Knowledge**
- Business administration and management
- Change management
- Financial Accounting Principles
- Governance, Risk and Controls
- Organisational behaviour theory
- Relevant regulatory knowledge
- Strategic planning
- Management information and reporting principles, tools and mechanisms
- Quality management and lean methodologies
- Medical and Financial Knowledge
- Behavioural Competencies- Adaptability
- Aligning Performance for Success
- Coaching
- Decision Making
- Building partnerships
- Driving for Results
- Planning and Organizing
- **_Please contact the Nedbank Recruiting Team at - Refilwe Falatsi_

  • Junior Underwriter

    3 days ago

    Johannesburg, South Africa PPS Recruitment Full time

    **Job Advert Summary**: This role reports to the Team Manager: Underwriting. The Junior Life Underwriter is responsible for underwriting life, disability, critical illness, sickness and permanent incapacity cover within agreed underwriting authority limits. The incumbent will deal with technical underwriting queries and/or complaints providing an excellent...

  • Underwriter - Farming

    2 days ago

    Johannesburg, South Africa Bryte Insurance Full time

    Who we are Our brand is reflective of our long-standing heritage, our track record of proven expertise and our unparalleled sector insights. The choice we have made for the physical iteration of the brand is based on light - shining the light on risk and understanding risk from the smallest detail to the biggest picture. We passionately subscribe to the...

  • Technical Underwriter

    6 days ago

    Johannesburg, South Africa Six Sense Full time

    Gauteng, JHB - Northern Suburbs - Annually Cost To Company (Market related) A well-established short term insurer seeking to appoint Technical Underwriter The Technical Underwriter will perform technical underwriting tasks and participate in the implementation of underwriting terms and conditions for policy holders and implementation of rules and...

  • Senior Underwriting Manager

    4 days ago

    Johannesburg, South Africa SyncNodes Full time

    **Requirements**: - An undergraduate degree (BSc Eng, or similar) in the Built Environment. - A postgraduate degree (MSc Eng, or similar) in the Built Environment. - Certificate in Short-Term Insurance (or working towards it) - RE 5 Certificate for Representatives (or working towards it) - FAIS compliant (or working towards it) - At least 10 years working...

  • Underwriter: Pi

    2 days ago

    Johannesburg, South Africa Santam Full time

    What will you do? This career opportunity is available at SHA Risk Specialists a division of Santam for an 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...

  • Life Underwriter

    3 days ago

    Johannesburg, South Africa Marvel Placement Consultants Full time

    Gauteng, JHB - Central - (Market related) **Life Underwriter** **Minimum Requirements**: - Matric. - 2-3 years’ experience as a life underwriter. - Essential: Previous exposure to the Medical Industry. - Essential: Basic understanding of Financial Underwriting. - Essential: Degree/Diploma in the Medical field or similar qualification. - Essential: Must...

  • National Technical Underwriter

    3 days ago

    Johannesburg, South Africa Bryte Insurance Full time

    Who we are Our brand is reflective of our long-standing heritage, our track record of proven expertise and our unparalleled sector insights. The choice we have made for the physical iteration of the brand is based on light - shining the light on risk and understanding risk from the smallest detail to the biggest picture. We passionately subscribe to the...

  • Internal Broker/underwriter

    5 days ago

    Johannesburg, South Africa GJM Ultra Holdings (Pty) Ltd Full time

    **Job Title: Internal Broker** We are seeking an experienced Internal Broker/Underwriter with a minimum of 4 years' relevant underwriting experience, ideally within a Broker environment, adept at handling key accounts and proficient in underwriting for both personal and commercial lines. this role primarily involves inbound responsibilities and does not...

  • Commercial Underwriter

    Found in: Talent ZA C2 - 2 weeks ago

    Johannesburg, South Africa Manpower Group SA (Pty) Ltd Full time

    The underwriter is responsible for accepting liability and setting the appropriate premium pricing for the insurancepolicy. The underwriter would furthermore decline unfavorable risks in accordance with the prescribed underwriting guidelines and policy wording.Doing daily amendments to a client’s existing cover, as well as processing monthly/ annual...

  • Marine Cargo Underwriter

    2 days ago

    Johannesburg, South Africa Ultra Personnel Full time

    Matric with university exemption RE 5 and 3 - 5 years underwriter experience Previous experience in underwriting or portfolio management is also a requirement Presentable person with excellent interpersonal skills and the ability to relate to people with diverse interests Good knowledge of marine cargo underwriting, know the terms and conditions applicable...

  • Personal Lines Underwriter

    2 days ago

    Johannesburg, South Africa Time4Biz Full time

    **PERSONAL LINES UNDERWRITER** Our client a well-established insurance company based in Germiston is looking for a **PERSONAL LINES UNDERWRITER** The main purpose of the Personal Lines Underwriter is to evaluate the risk of insuring a particular person/asset/building/business. Responsible for accepting liability and setting the appropriate premium pricing...

  • Underwriter X2: Emerald

    5 days ago

    Johannesburg, South Africa Santam Full time

    What will you do? Emerald a subsidiary of Santam has 2x positions available for Underwriter who will be based in Fourways, Johannesburg. The individual will be responsible for managing the underwriting of new and renewal corporate property insurance business. What will make you successful in this role? The role includes, but not limited to the...

  • Business Head: Technical Underwriting and Governance

    4 days ago

    Johannesburg, South Africa Sanlam Full time

    **What will you do?** - This career opportunity is available within **Specialist Solutions**, a division of Santam for a **Business Head: Technical Underwriting and Governance**, who will be based in **Johannesburg: Illovo.** **What will make you successful in this role?** **Strategic Management** - Provide sustainable strategic input for your relevant...

  • Underwriting Analyst

    2 days ago

    Johannesburg, South Africa Swiss RE Full time

    **About the role**: As Underwriting Analyst, you will support our South African based Underwriting team in the handling of insurance business for corporates and their brokers. Duties and responsibilities directly impact productivity, process efficiency, timeliness, profitability and accuracy of the underwriting process as well as our service delivery to...

  • Underwriting Analyst

    15 hours ago

    Johannesburg, South Africa Swiss RE Full time

    **About the role**: As Underwriting Analyst, you will support our South African based Underwriting team in the handling of insurance business for corporates and their brokers. Duties and responsibilities directly impact productivity, process efficiency, timeliness, profitability and accuracy of the underwriting process as well as our service delivery to...

  • Underwriter: Motor Fleet

    3 days ago

    Johannesburg, South Africa Santam Full time

    What will make you successful in this role? This career opportunity is available at SHA Risk Specialists a division of Santam for the Underwriter: Motor, who will be based in Johannesburg, Illovo. Underwriting - Underwrite and manage a portfolio of existing and new business, which may be complex in nature, including all tasks associated therewith but not...

  • Personal Lines Underwriter

    3 days ago

    Johannesburg, South Africa Mirror Images Full time

    Gauteng, JHB - Northern Suburbs - R 25 000 - R 28 000 Monthly Cost To Company An insurance company based in Rivonia/Johannesburg is currently seeking an Personal lines Underwriter to ensure the accurate and efficient capturing, processing and completion of client policies **Qualifications**: Matric, FAIS Compliant (Full Short Term Insurance Qualification...

  • Underwriter - Hospitality

    2 days ago

    Johannesburg, South Africa Bryte Insurance Full time

    Who we are Our opportunity The Underwriter’s role is to provide underwriting support to the Hospitality Team and brokers in an endeavour to obtain new business and maintain existing business. Key Tasks & Accountabilities - Service brokers - Handle endorsements / new business / cancellations - Handling of general queries - Prepare and presenting of...

  • Personal Lines Underwriter

    Found in: Talent ZA C2 - 3 weeks ago

    Johannesburg, South Africa Manpower Group SA (Pty) Ltd Full time

    The main purpose of the underwriting department is to evaluate the risk of insuring a particular person/ asset/building/ business. The underwriter is responsible for accepting liability and setting the appropriate premiumpricing for the insurance policy. The underwriter would furthermore decline unfavorable risks in accordance withthe prescribed underwriting...

  • Junior Facultative Underwriter Property

    3 days ago

    Johannesburg, South Africa Swiss RE Full time

    **About the role** Is underwriting your passion? Would you like to use and broaden your underwriting knowledge in one of the best reinsurance companies in the world? Does the interaction with clients excite you? Join our team. We are looking for a highly motivated, ambitious Facultative Underwriter Property for the Southern - and South-African markets. As...