Professional Indemnity Expert

6 days ago


Pretoria, Gauteng, South Africa JustTheJob Full time

We are seeking a seasoned Professional Indemnity Expert to join our team at JustTheJob. As a Senior Underwriter, you will play a critical role in our Professional Indemnity department, where you will be responsible for evaluating and managing risk.

Main Responsibilities:

  1. Evaluate professional indemnity insurance proposals, gathering and assessing background information, conducting necessary research, and determining the suitability of the risk.
  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. Articulate complex technical information and deliver training sessions to internal stakeholders and external partners.
  7. Collaborate with junior underwriters to develop their skills and knowledge in underwriting and renewal negotiations.
  8. Enter accurate data into company systems and generate management reports that provide valuable insights into risk exposure.
  9. Contribute to continuous improvement initiatives aimed at enhancing the effectiveness and efficiency of the department.
  10. Take on additional responsibilities as required by the U/W Head or Manager to support the team's objectives.
  11. Utilize advanced underwriting methodologies to inform strategic decisions and drive business growth.
  12. Develop and implement best practices in underwriting, ensuring compliance with regulations and industry standards.
  13. Promote a culture of excellence and quality within the team.
  14. Manage relationships with brokers and clients, providing exceptional service and support.


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