Technical Underwriter

3 weeks ago


Sandton, South Africa Guardrisk Full time

**Introduction**

Risk based underwriting of facilities and guarantees transactions for the construction (contract) bonds & guarantees division.

**Role Purpose**

Risk based underwriting of facilities and guarantees transactions for the construction (contract) bonds & guarantees division.

**Requirements**:

- An undergraduate degree in the Built Environment
- A postgraduate degree in the Built Environment (MEng, MSc or similar) (or working towards it)
- 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 5 years working experience as a contracts/commercial specialist/manager in engineering/construction/investment/mining firms or surety/guarantees division of an insurer/reinsurer/bank
- At least 5 years project management experience
- Commercial knowledge of the infrastructure/construction contracts, engineering principles and legal principles

**Duties & Responsibilities**
- Underwriting of complex and large guarantees transactions within the construction guarantees portfolios.
- Underwriting of guarantees within the designated operational mandate.
- Preparation of thorough and detailed underwriting risk reports.
- Assess the full life cycle of a construction project from inception to close out.
- Assess existing and new clients’ financial statements & prepare a detailed financial risk assessment.
- Conduct value engineering & risk assessment on new and existing projects.
- Assist with the underwriting of foreign and corporate guarantees.
- Key member of the underwriting risk committee for the construction bonds & guarantees division.
- Perform reference and credit checks for existing and new construction clients.
- Enhance underwriting standards in the construction bonds & guarantees division.
- Manage the underwriting methodology in the construction bonds & guarantees division through continuous research and improvements.
- Pursue relevant growth opportunities that would allow the Guarantees division to achieve its strategic targets and objectives.
- Build, maintain and continuously strengthen all relationships with the MMH Group’s product, support, reinsurance as well as broker partners.
- Ensure that all regular interactions with any of the MMH Group’s reinsurance, broker or product partners are done at the highest possible level of professionalism.
- Stay abreast of developments in the global guarantee & related insurance markets.
- Maintain professional relationships with all customers, suppliers and trade connections of the MMH Group with a view to maintain and improve the group’s reputation and goodwill.

**Competencies**
- Analytical skills
- Detail orientated
- General legal
- Risk mitigating
- Collaborative
- Innovative



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