Manager: Underwriting

7 months ago


Centurion, South Africa Land Bank Careers Full time

**Job Advert Summary**:
(Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.

**MAIN PURPOSE OF THE JOB**

Oversee underwriting, reinsurance, policy administration and portfolio management of non-life insurance business to contribute to the achievement of financial objectives of the organisation.

**Key Performance Areas**:
**1. Underwriting and Policy Administration**
- Make authoritative decisions about technical underwriting and business enhancement solutions that would significantly improve business performance.
- Develop and maintain underwriting guidelines aligned to the risk appetite of the business.
- Develop processes and procedures to ensure that business is underwritten in accordance with set standards and rates.
- Demonstrate a high degree of knowledge regarding underwriting quantitative and qualitative tools.
- Review, benchmark and update policy cover, policy wording, general terms and conditions.
- Responsible for monitoring profitability as measured by loss ratio improvement.
- Complete assessment of claim trends and services, including analyse all necessary historical account information.
- Determine renewal terms including required premium level and policy plan change recommendations and deliver complete renewal package to Sales according to organisational department guidelines.
- Accountable for the accuracy and completeness of all renewal data.
- Participate in interdepartmental discussions between Sales, Claims and Reinsurance on renewal business issues and make recommendations regarding policy plan provisions related and administrative procedures.
- Ensure adherence to organisational policies, practices and procedures.
- Maintain and annually update the underwriting risk policy.
- Oversee staffing, supervision, training, coaching, mentoring, structuring of the underwriting function for effective service delivery.

**2. Reinsurance**
- Responsible for structuring of reinsurance programmes for all lines of business.
- Prepare annual reinsurance renewal packs.
- Oversee reinsurance optimization.
- Oversee the accuracy and completeness of all reinsurance data.
- Oversee the accurate submission of reinsurance accounts.
- Approve all facultative reinsurance placement.
- Maintain strong relationships with reinsurance partners.

**3. Portfolio Management**
- Manage underwriting performance of outsourced and binder mandates in line with internal guidelines and company processes.
- Initiate corrective actions where required to maintain quality standards.
- Provide integrated long-term solutions and strategies for dynamic portfolio management to deliver profitable growth.
- Report monthly on binderholder performance against set targets and budgets.
- Provide management with reliable and accurate ad hoc information for decision making.
- Establish controls to ensure that all aspects of the binder agreement are adhered to.
- Effective relationship management and timely escalation of issues.
- Ensure that all policies and procedures are maintained to enable compliance measurement.

**4. Product Development**
- Develop a product development framework that will drive the development and implementation of new products aand innovation.
- Continuously monitor existing products to identify gaps and the ongoing appropriateness of the original product design and structure, presenting results to stakeholders.
- Develop business cases and present all new development initiatives to the product development committee for approval.

**5. Departmental and People Management**

**Performance Management**
- Analyse the business plan to determine the applicable deliverables and targets
- Compile the Performance Management documentation in collaboration with the staff
member in terms of:

- Job Profile requirements
- Key Performance Areas
- Personal Development Plan
- Conduct performance planning session and Track and monitor performance in accordance with performance contracts
- Conduct performance r


  • Manager: Underwriting

    7 months ago


    Centurion, South Africa Six Sense Full time

    Gauteng, Centurion - Annually Cost To Company (Market related) A well-established business is seeking to appoint a Manager: Underwriting Oversee underwriting, reinsurance, policy administration and portfolio management of non-life insurance business to contribute to the achievement of financial objectives of the organisation. **Qualifications &...

  • Manager: Underwriting

    7 months ago


    Centurion, South Africa Six Sense Full time

    Gauteng, Centurion - Annually Cost To Company (Market related) A well-established business is seeking to appoint a Manager: Underwriting Oversee underwriting, reinsurance, policy administration and portfolio management of non-life insurance business to contribute to the achievement of financial objectives of the organization. **Qualifications &...

  • Underwriter

    3 months ago


    Centurion, South Africa Health Solutions Full time

    **Introduction** - Momentum Health Solutions, an entity of Momentum Metropolitan Holdings delivers sustainable, integrated health solutions that meet the needs of clients in the different segments and maximise lifetime client value. We build and maintain a culture of innovation,and create value through unique insights of how to achieve specific outcomes by...

  • Head of Underwriting

    3 weeks ago


    Centurion, South Africa PSG Insure Full time

    **Responsibilities**: Strategic Leadership: - Support the formulation of STA strategy by identifying key areas through which the associated Underwriting experience should be advanced to be relevant and market leading - Drive continuous improvement within Underwriting, Conversions and Technical Underwriting areas - people, process, technology, data -...

  • Technical Underwriter

    7 months ago


    Centurion, South Africa PSG Insure Full time

    Job description: The purpose of the position is to conduct audits to ensure continued adherence to the Service Level Agreements with Insurers and PSG processes from an underwriting and claims perspective. In addition, manage the profitability of underwriting facilities granted by Product Suppliers. The main focus area of the position will be commercial lines...

  • Underwriting Manager

    4 months ago


    Centurion, South Africa Afgri Full time

    AFGRI Insurance Brokers is looking for an experienced Underwriting Manager to ensure our adherence to industry regulations and uphold the highest risk management standards. **Minimum Requirements** - Grade 12 (Matric) - BCom or Bachelor’s degree in Law, Risk Management, Business Administration, or a related field. - RE5. - 5 - 8 years of Management...

  • Senior Underwriter

    2 weeks ago


    Centurion, South Africa Land Bank Careers Full time

    **Job Advert Summary**: Provide assurance of reinsurance premiums (crop, assets and life business), claims and commissions calculations and processes. Provide management with key data and ratio analysis regarding the performance of each portfolio. Ensure effective processes, procedures and policies (underwriting, reinsurance, claims & administration) are in...

  • Senior Underwriter

    1 week ago


    Centurion, South Africa Kamo Placements Full time

    **JOB DESCRIPTION*** Reinsurance Management and Reporting - Accurate reinsurance premiums, claims and commissions calculations and processes in accordance with reinsurance treaty wordings. - Timely submission of reinsurance accounts. - Maintain relationships with the company reinsurance brokers and reinsurance partners in a professional manner. Portfolio...

  • Head Underwriting

    7 months ago


    Centurion, South Africa The Talent Hive Full time

    1. Strategic Leadership - Develop and execute the company’s underwriting strategy, aligning it with overall business goals. - Identify new market opportunities, analyse competitor strategies, and recommend strategies to enhance market penetration and competitiveness. - Lead and inspire a team of underwriting managers, fostering a culture of high...


  • Centurion, South Africa Yazoo Recruitment Specialists Full time

    Technical Underwriter (Commercial Insurance) with experience in conducting monthly audits on underwriting activities and exposure to setting up underwriting rating, guidelines and policy wording as well as portfolio management from a profitability perspective, required for this registered FSP, based in Centurion. Minimum requirements: - Grade 12...


  • Centurion, South Africa Yazoo Recruitment Specialists Full time

    Technical Underwriter (Commercial Insurance) with experience in conducting monthly audits on underwriting activities and exposure to setting up underwriting rating, guidelines and policy wording as well as portfolio management from a profitability perspective, required for this registered FSP, based in Centurion. **Minimum requirements**: - Grade 12...

  • Senior Underwriter

    3 months ago


    Centurion, South Africa Momentum Life Full time

    **Introduction** - Through our client-facing brands Metropolitan and Momentum, with Momentum Multiply (our wellness and lifestyle rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.**Disclaimer** -...


  • Centurion, South Africa PSG Insure Full time

    **Job description**: The Underwriting Consultant will be responsible for coordinating and managing the underwriting and administrative processes and to assist the Advisor. **Responsibilities**: - Underwriting of existing business - Liaising with clients - Preparing quotations - Issuing and managing new policies, renewals, and endorsements - Handling client...


  • Centurion, South Africa PSG Konsult Ltd. Full time

    **Designation**: Head of Underwriting | Centurion, Gauteng | Permanent **Category**: Technical Support **Job Level**: Top Management **Posted by**: PSG Financial Services **Posted on**: 21 Nov 2024 **Reference Number**: POS01977 **Closing date**: 30-Nov-2024 **Position Type**: Permanent **Location**: Centurion Hall...


  • Centurion, South Africa PSG Insure Full time

    **Job Purpose**: **Responsibilities**: - Accountability of, and management of, team member performance - including setting/communicating clear goals to achieve business objectives - Ensure attainment of key operational metrics e.g. SLA adherence, utilization, abandoned calls, rework - Optimize processes and systems used by the CL Underwriting team -...

  • Service Consultant

    7 months ago


    Centurion, South Africa PSG Financial Services Full time

    **Job Title: Service Consultant - Underwriting Client Care (Short-Term Insurance) - PSG Insure STA** **Key Responsibilities**: **Client Interaction**:Act as the primary point of contact for clients during the underwriting process. Respond promptly and professionally to client inquiries, concerns, and requests for information. Provide clear and accurate...


  • Centurion, South Africa PSG Wealth Financial Planning (Pty) Ltd Full time

    **PSGs commitment to transform and embrace diversity is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce. In achieving our employment equity goals, we give preference to applicants from designated groups, and we encourage people with disability to apply.** **Job description**: The purpose of...


  • Centurion, South Africa PSG Insure Full time

    ob description: The Underwriting Consultant will be responsible for coordinating and managing the underwriting and administrative processes and to assist the Advisor. **Responsibilities**: - Underwriting of existing business - Liaising with clients - Preparing quotations - Issuing and managing new policies, renewals, and endorsements - Handling client...


  • Centurion, South Africa The Talent Hive Full time

    Underwrite in accordance with standards, policies and procedures. Support BDC’s in acquiring and retaining profitable business. Attend to administration and written communication. Ensure that all documentation is processed accurately & correctly. Ensure documentation, including SASRIA is issued, checked and authorized prior to dispatch. Ensure queries...


  • Centurion, South Africa PSG Konsult Ltd. Full time

    **Designation**: Technical Underwriting Consultant: Commercial Lines | Centurion, Gauteng | Permanent **Category**: Client/Intermediary Services **Job Level**: Semi-skilled and discretionary decision making **Posted by**: PSG Financial Services **Posted on**: 08 Nov 2024 **Reference Number**: POS08005 **Closing date**: 15-Nov-2024 **Position...