Senior Policy Wording and Technical Underwriting Strategist

1 month ago


Johannesburg, Gauteng, South Africa Sanlam Full time

Sanlam seeks a highly skilled Policy Wording and Technical Underwriting Specialist to join its Personal Lines Underwriting team.

About the Role

This position is based in either Auckland Park, Johannesburg or Bellville, Cape Town. As a key member of the underwriting team, you will play a critical role in supporting Personal Lines and Outsourced Business operations.

Key Responsibilities
  • You will be responsible for compiling, updating, reviewing, and maintaining policy wordings, endorsements, addendums, terms, conditions, PPR/Disclosure notices, etc.
  • Provide sound claims and personal lines underwriting advice from a legal and underwriting perspective.
  • Ensure adherence to all regulatory requirements within the Personal Lines Underwriting team.
  • Integrate and update existing underwriting manuals/policies, operational manuals, and underwriting guidelines, etc.
  • Create new underwriting guidelines and procedures as required.
  • Assist in formulating and sign-off of underwriting circulars and media articles.
  • Analyze, interpret, review, recommend, and communicate policy wording/endorsement changes to Binderholders/relevant stakeholders.
  • Support product changes and associated projects.
  • Align product changes with policy wordings, endorsements, etc.
  • Drive implementation and monitor results.
Requirements
  • A minimum of 8 years' experience in Short Term insurance - Personal Lines.
  • Report writing experience.
  • Strong technical product underwriting knowledge and proficiency - Personal Lines.
  • Understanding of risk management.
  • Degree in Insurance & Risk Management or similar disciplines would be an advantage.
  • Computer literate (extensive experience of Excel, Word, Acrobat Pro, and PowerPoint).
  • Knowledge of the short-term insurance legal framework.
About You
  • High analytical thinking.
  • Ability to grasp concepts quickly.
  • Exceptional problem-solving skills.
  • Strong ability to manipulate and interpret policy wording.
  • Strong communication and presentation skills.
  • Proactive and self-motivated.
  • Ability to perform under pressure.
  • Time management and focused delivery of deadlines.
  • Good planning, analytical, and decision-making skills.
  • A good team player - integrates and shares knowledge and skills.
  • Displays keen insight and intuition.

The estimated salary range for this position is R600,000 - R900,000 per annum, depending on experience.



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