Senior Facultative Underwriter

1 week ago

Johannesburg, South Africa Munich Re Full time

Senior Facultative UnderwriterCareer Level 4

**Company**
Munich Re
**Location**
Johannesburg, South Africa

**YOUR BUSINESS UNIT**

The Facultative Team is responsible for underwriting and ensuring the profitability of the single-risk facultative reinsurance portfolio for Property, Engineering, and Casualty risks in South Africa and Sub-Saharan Africa.

**YOUR TEAM**

The Property Facultative Team is a dynamic team of professionals who tackle the various opportunities and challenges associated with client management, market relationships, lead generation, pricing, underwriting, monitoring, and managing Munich Re’s sub-Saharan facultative portfolio.

**YOUR JOB**
- Developing and growing a sustainable book of business and exploiting new business potentials through active development of relationships with clients and brokers in South Africa, Sub-Saharan Africa and in major international markets
- Portfolio management, Quality assurance and Technical consultation for the underwriting team and for allocated national or regional markets.
- Support in development of strategy for allocated national or regional markets
- Underwriting of facultative property business, including assessing of risk, evaluating and providing reinsurance terms and conditions, in accordance with the applicable underwriting authority, underwriting guidelines, internal directives, targets and client strategies.
- Organizing and conducting seminars/workshops for clients and internal staff, providing clients with value-added services.
- Organizing and conducting surveys of large/complex property risks for clients, including preparing internal and external reports (if required).
- Assisting the treaty team in evaluating special treaty acceptance requests team from a technical point of view as and when required.
- Investigating and evaluating portfolio performance and market analysis.
- Maintaining and expanding technical and market know-how.

**YOUR PROFILE**
- Business degree and/or suitable insurance qualifications such as ACII/AIISA
- Minimum of 10 years professional experience in Facultative / Single Risk Property (Re) Insurance.
- Experience in International markets and with complex Facultative placements is preferred
- Passion to actively seek out and conclude business opportunities.
- Conscientious business acumen, creativity.
- Expert communication, negotiation and presentation skills.
- Good IT and analytical skills.
- Entrepreneurial mind set with a passion for conducting business across the African continent.

**Our Benefits**:

- Life and Health Benefits.
- Retirement Benefits.
- Hybrid working environment.
- Bonus Scheme.
- Employee Assistance Program.
- Wellness Programs.
- Global Mobility.

**You will work in an environment where we aspire to think big**: Change and culture are challenged. We communicate a compelling and shared purpose and direction. We pave the way towards success and see failure as learning.
**You are going to experience that we care & dare**:We are empathetic**.** We know when to lead and know when to let others lead. We attract, grow and coach future leaders.
**We aim to communicate in a clear & authentic way**: We solicit feedback, ask and listen, learn and unlearn.
**We lead the We**:We have a passion for winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged.

LI-Hybrid #Reinsurancejobs

This is a permanent position and is based in Johannesburg, South Africa.

**About Munich Re**:
Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business.

**Disclaimer**:
At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

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