Senior Underwriter

3 weeks ago


Johannesburg, South Africa Nedbank Full time

**Job Classification**

**Requisition: 124717**

**Nedbank Wealth | Nedbank Insurance**

**Location: Johannesburg | Sandton**
- Job Family- Insurance: Short-Term Insurance- Career Stream- Insurance: Short-Term Insurance- Leadership Pipeline- Manage Managers
- FAIS Affected**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 Insurance underwriting requirements and decisions to ensure cost effectiveness of pricing.
- Manage and monitor Short-Term Insurance and financial underwriting decisions to ensure alignment with pricing.
- Provide input into budget determination around headcount and cost of landing business.
- Ensure transformational target 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 optimisation 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 medical and financial underwriting decisions.
- Accept and authorise high level 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 work flow within the administration system is delivering the desired outcome.
- Optimise 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 of managers.
- Ensure continuous improvement goals are achieved.

**People Specification**
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees
- Preferred Qualification- National Certificate: Wealth Management- AIISA / FIISA and / or- B.Degree- Essential Certifications- FAIS Qualification Regulatory Examinations 1 Qualification
- FAIS representative and preferably a Key Individual
- Preferred Certifications- Minimum Experience Level- 10 years experience in Short-Term Insurance and financial underwriting 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 +27 860 555 566_


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