Senior Underwriter: Financial Lines

6 months ago

Sandton, South Africa Sanlam Full time

**What will you do?**
- We have an exciting opportunity for a **Senior Underwriter: Financial Lines** within **SHA Risk Specialists**.- A Senior Underwriter will have the experience to carefully select, analyse and underwrite risks, in a cost-effective manner and in accordance with company requirements, guidelines and governance, to ensure good risk selection and profitability and ensure business targets are met.- They will support the leadership team with the day-to-day management and operation of the department including knowledge sharing and guidance of junior team members and leading by example. Maintaining industry awareness, innovating (product, process and marketing) and staying up to date with general market intelligence, technology and other relevant developments will also be crucial.- Accountabilities and responsibilities- Examine insurance proposal for new and renewal business, gathering and assessing background information, conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing/negotiating risks with the broker in order to effectively win or renew the risk.
- Calculate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.
- Quote within designated authority levels and refer where necessary in accordance with company policy and technical guidelines.
- Monitor portfolio performance and ensure that renewals, new business, lost business are tracked and that the cancellation reserve does not exceed 2.5%.
- Set accurate, realistic premium forecasts and draft financial reporting as required in a timely manner to enable management to set budgets and monitor performance targets for your own portfolio of accounts and as a contribution to the team portfolio.
- Be able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.
- Support junior underwriters with the underwriting process and renewal negotiations as necessary.
- Accurately enter data into company systems and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio.
- Maintain accurate electronic records for auditing and regulatory purposes.
- Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
- Undertake any other reasonable tasks as requested by the U/W Head or Manager in order that the team achieve its objectives.
- Ability to use Portfolio underwriting methodologies to assist Senior leadership in making key underwriting decisions.
- Design and implement underwriting guidelines and methodologies.
- Adhere to and where possible, improve, all operational and procedural standards.
- Peer review and sign off including checking policy documentation for all accounts within authority but outside of junior staff authority.
- Handle accounts queries and credit control queries to the satisfaction of all parties.
- Develop and maintain relationships with brokers and clients at all relevant levels of their businesses.
- Visit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.
- Feedback on market intelligence.
- Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
- Fulfil individual risk and compliance related obligations and provide support to and monitoring of the department’s adherence to Group and Regulatory guidelines.
- Provide proactive risk and compliance awareness by reporting any incidents or breaches identified within our compliance requirements.
- Perform underwriting and operational audits to ensure compliance and address breaches where necessary.

**Qualifications & Experience**
- Bachelor of Commerce in Insurance & risk Management, Finance, Accounting, LLB, or Economics
- Minimum of 5 years technical experience in the relevant line of business.
- FAIS Compliance and RE5.
- Good understanding of insurance industry including the reinsurance market and the terminologies used.
- Sound technical understanding of policy wordings.
- Able to evaluate information from a variety of sources and solve problems.
- Good decision-making skills; able to consider the costs and benefits of various options and choose (and articulate) the appropriate one.
- Good communication and interpersonal skills; comfortable with phone and face to face complex discussions with underwriters, brokers and any other relevant stakeholders. Confident in negotiation and networking. Scenarios and able to manage difficult and complex conversations.
- Deadline focused; able to work under pressure to meet tight deadlines and able to organise own workload effectively to prioritise and delegate to meet serv

  • Senior Underwriter: Financial Lines

    2 months ago

    Sandton, South Africa Santam Insurance Full time

    We have an exciting opportunity for a Senior Underwriter: Financial Lines within SHA Risk Specialists. A Senior Underwriter will have the experience to carefully select, analyse and underwrite risks, in a cost-effective manner and in accordance with company requirements, guidelines and governance, to ensure good risk selection and profitability and ensure...

  • Financial Lines Underwriter

    6 months ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - We have an exciting opportunity available for Financial Lines Underwriter within SHA.- An Underwriter will have the experience to carefully select, analyse and underwrite risks, in a cost-effective manner and in accordance with company requirements, guidelines and governance, to ensure good risk selection and profitability and ensure...

  • Financial Lines Underwriter

    7 months ago

    Sandton, South Africa Santam Full time

    What will you do? We have an exciting opportunity available for Financial Lines Underwriter within SHA. An Underwriter will have the experience to carefully select, analyse and underwrite risks, in a cost-effective manner and in accordance with company requirements, guidelines and governance, to ensure good risk selection and profitability and...

  • Underwriting Governance Specialist

    6 months ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - We have an exciting opportunity for an Underwriting Governance Specialist - Financial Lines within our SHA Risk Specialists division.**What will make you successful in this role?** **Key responsibilities include**: **Technical Underwriting - Financial Lines**: - Support Business Head: Technical & Governance in: - maintenance of the...

  • Senior Manager: Underwriting

    4 months ago

    Sandton, South Africa Sanlam Full time

    **Who are we?** Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is...

  • Senior Underwriting Manager: Personal Lines

    2 months ago

    Sandton, South Africa Santam Insurance Full time

    Senior Underwriting Manager: Personal Lines Senior Underwriting Manager: Personal Lines Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our...

  • Senior Underwriter: Pi

    6 months ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - We have an exciting opportunity for a Senior Underwriter: Professional Indemnity within SHA Risk Specialists.- The Senior Underwriter will have the experience to carefully select, analyse and underwrite risks, in a cost-effective manner and in accordance with company requirements, guidelines and governance, to ensure good risk...

  • Senior Underwriter

    5 months ago

    Sandton, South Africa PPS Recruitment Full time

    This role reports to the Executive Underwriter. The Senior 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 and complex underwriting queries and/or complaints providing an excellent service offering. A...

  • Commercial Lines Underwriting Specialist

    4 weeks ago

    Sandton, South Africa Santam Full time

    About UsSantam, a leading general insurance company in Southern Africa, is seeking an experienced Commercial Lines Underwriting Specialist to join their team.Job SummaryThis role is focused on servicing broker requests, providing telephonic and email support, dealing with general insurance enquiries, issuing new policies, and maintaining policy...

  • Senior Reinsurance Underwriter

    3 weeks ago

    Sandton, South Africa Hannover Re Full time

    Hannover Re South Africa, a leading reinsurer based in Johannesburg, South Africa, is seeking an experienced Senior Reinsurance Underwriter to join their team.About the RoleThis is a permanent full-time position that offers a unique opportunity to work in a dynamic and global environment with a Somewhat Different approach to doing business. As a Senior...

  • Senior Treaty Underwriting Specialist

    1 month ago

    Sandton, South Africa Hannover Re Full time

    The role of a Senior Treaty Underwriting Specialist at Hannover Re South Africa is a challenging and rewarding opportunity for experienced professionals in the short-term insurance and reinsurance industry.Key Responsibilities:Underwriting Treaty Reinsurance: Accurate use of rating tools, capturing of treaty information, monitoring of results, and employing...

  • Senior Underwriter

    6 months ago

    Sandton, South Africa Guardrisk Full time

    **Introduction** **Role Purpose** **Requirements**: - Matric - At least 120 FAIS Credits (NQF Level 5) - At least +-10 years commercial and personal lines underwriting experience in an insurance company - Insurance qualification would be an added advantage - RE5 Short Term (Commercial and Personal Lines) - Knowledge of Sasria and Sasria...

  • Senior Underwriting Specialist

    1 month ago

    Sandton, South Africa PPS Recruitment Full time

    About the RoleThis position reports directly to the Executive Underwriter, forming a key part of our underwriting team. As Senior Life Underwriter, you will be responsible for evaluating life, disability, critical illness, sickness and permanent incapacity cover within established limits.Key ResponsibilitiesEvaluate complex underwriting queries and...

  • Underwriter (Construction & Guarantees)

    4 months ago

    Sandton, South Africa Guardrisk Full time

    **Introduction** - Provide technical support to the senior underwriting team in the Construction Guarantees division.The role will involve financial, technical, credit risk assessment, portfolio management, client and broker liaison.**Disclaimer** - As an applicant, please verify the legitimacy of this job advert on our company career page.**Role Purpose** -...

  • Underwriting Assistant

    7 months ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - We have an exciting opportunity for an **Underwriting Assistant **within our** Financial Lines **Underwriting Departments.**What will make you successful in this role?** **Key responsibilities include**: **Underwriting Assistance**: - Draw monthly renewal list. - Check claims experience. - Send out renewal invitations / reminders. -...

  • Casualty Underwriter

    3 months ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - Santam Broker Solutions (SBS), Commercial Underwriting has a position available for a Senior Casualty Underwriter who will be based in Alice Lane Sandton.**What will make you successful in this role?** - To provide specialist underwriting knowledge in respect of the Casualty portfolio (which incorporates the Liability and Accident...

  • Senior Commercial Underwriter

    3 months ago

    Sandton, South Africa Guardrisk Full time

    **Introduction** - The Underwriter will be responsible for writing new business, providing renewal terms, technical advice, and liaising with brokers within the agreed mandate limits as determined by the Product Manager / Underwriting Executive.**Disclaimer** - As an applicant, please verify the legitimacy of this job advert on our company career page.**Role...

  • Liability Underwriter

    6 months ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - We have an exciting opportunity available for a Liability Underwriter within our SHA division.**What will make you successful in this role?** **Key responsibilities include**: **Underwriting** - Underwrite and manage a portfolio of existing and new business, which may be complex in nature, including all tasks associated therewith but...

  • Junior Underwriter

    7 months ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - We have an exciting opportunity available for a **Junior Underwriter (Accident and Health)** based in Illovo, Sandton.**What will make you successful in this role?** **Key responsibilities include**: **Underwriting and Monitoring Duties**: - Underwrite new business, which may be complex in nature, including all tasks associated...

  • Underwriter: Professional Indemnity

    1 month ago

    Sandton, South Africa Sanlam Full time

    **What will you do?** - We have an exciting opportunity for a** Underwriter: Professional Indemnity** at SHA Risk Specialists.**What will make you successful in this role?** **Key responsibilities include**: **Underwriting**: - Underwrite and manage a portfolio of existing and new business, including all tasks associated therewith but not limited...