Risk Management Expert

5 days ago


Johannesburg, Gauteng, South Africa Munich Re Full time

We are seeking a Senior Engineering Facultative Underwriter to join our team at Munich Re. This key role is responsible for underwriting and ensuring the profitability of single-risk facultative reinsurance portfolios in Property, Engineering, and Casualty risks across South Africa and Sub-Saharan Africa.

Your Responsibilities:

  1. Develop and sustain a thriving facultative engineering business within the markets of Sub-Saharan Africa, assessing risks and providing reinsurance terms and conditions based on underwriting authority, guidelines, and internal directives.
  2. Drive and shape the portfolio according to applicable portfolio targets and client strategies.
  3. Pursue new business opportunities through senior relationships with clients and brokers locally and internationally.
  4. Provide support and technical guidance to the engineering team and junior staff members.
  5. Offer advice to Treaty Underwriters.
  6. Organize seminars/workshops for clients and internal staff, delivering value-added services.
  7. Conduct surveys of large/complex engineering risks for clients, preparing internal and external reports if required.
  8. Execute portfolio performance analysis and market analysis.
  9. Maintain and enhance technical and market know-how for all stakeholders.

Your Profile:

  • Bachelor of Science in Engineering, plus 5 years of practical experience.
  • At least 10 years of professional experience in Engineering (re)insurance with strong technical underwriting abilities and knowledge.
  • Proficiency in French language is desirable.
  • Preparedness to travel with a passion for conducting business in Sub-Saharan Africa.
  • Ability and enthusiasm to identify and pursue business opportunities.


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