Risk Management Professional

5 days ago


Pretoria, Gauteng, South Africa JustTheJob Full time

We are seeking a highly skilled and experienced Senior Underwriter to join our team at JustTheJob. This is an exciting opportunity to take on a senior role within our Professional Indemnity department, where you will be responsible for carefully selecting, analysing and underwriting risks in a cost-effective manner.

Key Responsibilities:

  1. Examine insurance proposals 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.
  2. Calculate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.
  3. Quote within designated authority levels and refer where necessary in accordance with company policy and technical guidelines.
  4. Monitor portfolio performance and ensure that renewals, new business, and lost business are tracked and that the cancellation reserve does not exceed 2.5%.
  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.
  6. Be able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.
  7. Support junior underwriters with the underwriting process and renewal negotiations as necessary.
  8. 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.
  9. Maintain accurate electronic records for auditing and regulatory purposes.
  10. Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
  11. Undertake any other reasonable tasks as requested by the U/W Head or Manager in order that the team achieve its objectives.
  12. Ability to use Portfolio underwriting methodologies to assist Senior leadership in making key underwriting decisions.
  13. Design and implement underwriting notes, guidelines and methodologies.
  14. Adhere to and where possible, improve, all operational and procedural standards.
  15. Peer review and sign off including checking policy documentation for all accounts within authority but outside of junior staff authority.
  16. Handle accounts queries and credit control queries to the satisfaction of all parties.


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