Reinsurance Underwriting Professional

7 days ago

Cape Town, Western Cape, South Africa Santam Insurance Full time
Role Responsibilities
The Senior Reinsurance Underwriter will be responsible for:

  • Underwriting and managing reinsurance treaty books in the chosen territory.
  • Analyzing and working with clients' information.
  • Pricing treaties using internal models.
  • Reviewing contract wordings in line with underwriting guidelines.
  • Performing compliance checks on contracts and cedants.
  • Preparing underwriting reviews for the underwriting committee.
  • Reviewing and managing endorsements and special acceptances.
  • Claims review and approval.
  • Capturing information on relevant filing systems.
  • Ensuring completeness of all required documents.
  • Maintaining internal reports.

Requirements
To succeed in this role, you will need:

  • A Master's degree, engineering degree, law, or actuarial qualification with a significant numerate component.
  • At least 7 years of work experience in the reinsurance, finance, risk management, or engineering sectors, preferably in underwriting or client management.
  • Solid client and business development experience (at least 7 years).

    Desirable Skills and Qualifications
    The following skills and qualifications would be advantageous:

    • 7 years' experience in the short-term insurance industry/reinsurance environment.
    • Good understanding of reinsurance principles and concepts.
    • Understanding of reinsurance wordings, reinsurance markets, and end-to-end analysis of a reinsurance submission.
    • Strong understanding of insurance and related risks.
    • Reinsurance technical accounting knowledge.

    Personal Qualities and Ethics
    Santam Re values its people-first approach, which means making smart decisions as we build on our delivery of reinsurance solutions. We strive to present industry-leading teams that are personable, approachable, and have strong codes of personal values and ethics, and tolerance for other beliefs and lifestyles, including their host nation's cultures.

    • Excellent verbal and written communication skills.
    • Analytical ability.
    • Advanced numeracy skills.
    • Ability to work independently with limited supervision.
    • High stress tolerance.
    • Ability to work to tight deadlines and under pressure.
    • Strong negotiation skills.
    • Team player.
    • Ability to work flexible working hours.
    • Proactive and take ownership of tasks.
    • Will to learn.
    • Good work ethic.
    • Ability to multitask.
    • Solid interpersonal and relationship-building skills.
    • Good planning and organizing skills.
    • Time management.
    • Mentoring.
    • Conflict management and resolution.

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