(Only 24h Left) SENIOR TECHNICAL UNDERWRITER

3 weeks ago

Johannesburg, South Africa Jobted ZA C2 Full time

Recommended Qualifications:
Academic (Degree or Dip) - Matric, FAIS Compliant (Short Term Insurance Qualifications at NQF Level 4)
Functional Certificate Courses: Successfully passed RE5, Class of Business Commercial lines
Minimum Other Training Required: Effective Time Management, Computer literacy (Excel, Word, Outlook, Power point) Email and Telephone Etiquette.
Minimum Years of Formal & Informal Training/ Experience Required
A seasoned Insurance Professional with in-depth understanding of various insurance products, industry regulations and risk management principles.
Minimum 7 - 10 years relevant work experience in the short-term insurance industry, within a commercial underwritings space with technical insurance knowledge and strong client management and internal skills to ensure effective and compliant insurance solutions. Strong analytical skills, communication (verbal and written) and an in-depth understanding of the insurance market, insurance products, regulatory regulations and risk management principles.

COMPETENCIES REQUIRED TO PERFORM OUTPUTS AND ROLES ASSOCIATED WITH THESE OUTPUTS

- Results oriented Commitment
- Customer Driven
- Continuous Learning Assertiveness
- Honesty and Integrity and Ethical Behavior
- Adaptable to change Ability to use initiative / proactive
- Team player
- Goal oriented Time management
- Communication skills
- High Attention to detail
- Detailed orientated
- Analytical ability and mindset
- Broad market insight and expertise
- Negotiating skills
- Updated industry knowledge and skills
- Experience of Assets All Risk covers Experience of motor fleets
- Experience in Aggregate funds
- Experience financial lines covers (Liabilities & D&O) Working experience in General Commercial lines cover

Key Performance Areas: Administration of the Commercial clients and the Joint venture partners portfolios, reporting to the Underwriting manager.
Strong analytical skills, communication (verbal and written) and an in-depth understanding of the insurance market, insurance products, regulatory regulations and risk management principles.
Key Clients:
Management and Directors; Clients, Internal Staff; Insurers, External Service Providers.
Top 20 clients applying 80/20 principal within the following sectors:

- Printing
- Security
- Retail
- Property
- Hospitality
- Medical
- Automotive
- Logistics
- Maritime
- Farming

PERFORMANCE STANDARD / QUALITY STANDARDS
Assist AE in obtaining prospective clients current insurance details
On request from AE, approach market for quotes complete comparison
Analyze market feedback and provide recommendations to AE
Ensure all relevant forms are completed and signed on receipt from AE
Market Analysis, keeping up to date with trends, changes in regulations including competitor activity to provide internal advice and recommendations.
Strong communication skills (verbal and written) for interacting with internal team and clients.
Analytical skills to analyze complex information, assess risk assisting AE in obtaining prospective clients current insurance details
Prepare comparative spreadsheet
Compile documentation
Process policy on business system, raise and provide invoices
Complete pack to AE for delivery
Prepare strategy Packs for pre-renewals 3 months in advance, including processing of required proposal forms to be submitted to clients
Prepare updated placing slips to approach the insurance market, to ensure all paperwork is documentation is accurate and compliant with regulatory requirements
Business development identifying opportunities for growth and cross-sell opportunities
Market analysis keeping up to date with trends, changes in regulation and competitor activities
Policy management overseeing administration of insurance policies, renewals, adjustments and claims.
Applying insurance knowledge, analytical and communication skills, coupled with experience and industry knowledge ensuring high levels of client satisfaction.
Draw claims experience and 3 years loss ratio reports, 6 weeks prior to renewal
Review policy and check if renewal rules are applied correctly
On receipt from Insurer apply their terms
Review policy (electronic file) for all FAIS required documents and any other relevant documentation to the policy
Update comparison on excel spreadsheet
Assist AE with market exercise, where necessary
Draft additional comparison with market exercise information
Assist AE in negotiating renewal terms with Insurer
Provide AE with renewal pack for discussion with client
Advise AE of any outstanding info and/or documentation required from client
Confirmations:
Cover confirmation to be processed immediately copy to AE, client, and Insurer
Diarise, if there is outstanding information
Process amendment directly if all information available
Notification of Interest:
Receive request from Financial Institutions
Vehicle finance (notification of interest)
Property finance (session document to note interest of financial institution)
Process on the business system
Send confirmation letter to the financial institution cc the AE
Amendments:
Acknowledge receipt of amendment request advise AE
Obtain terms process endorsement
Email the amended schedule to the Insured, cc AE and Insurer
Cancellations:
Acknowledge receipt of cancellation request
Provide request and retention sheet to the relevant AE for retention
If not retained - AE needs to provide you with signed retention sheet which you must attach to your request for cancellation
Forward cancellation request with retention sheet to the manager for cancellation
Confirm in writing the cancellation with the Client, forward confirmation to Insurer and cc AE
Multi Claimants:
Draw Multi-claimant report (claims experience)
Analyse claims and make recommendations to AE
Apply corrective action, endorse policy accordingly on AEs advices
Advise client cc AE
Advise Insurer
General:
Complete daily diary items
Action incoming mail daily (clear mailbox daily)
Assist other members of department whenever possible
Effectively and efficiently upload and maintain electronic policy files
Perform adhoc duties as allocated from time to time
Effectively and efficiently maintain filing system (electronic and other)
Timely Responses to email and telephonic messages
Ensure that accurate record is kept of all new matters received in the dept
Maintaining professional behavior and work ethic
Display personal accountability for own actions, quality of work and personal development
Ensure that all deadlines are met, and that SLAs are adhered to
Ensure all turnaround times and target dates are adhered to
Be punctual, keeping to prescribed hours/ timekeeping

  • Technical Executive Underwriter

    6 months ago

    Johannesburg, South Africa PPS Recruitment Full time

    **Job Advert Summary**: We are currently seeking a highly qualified individual for a senior position reporting directly to the COO. If you possess extensive experience in analyzing insurance risk, underwriting, and life insurance products, and demonstrate a self-driven attitude, this role could be an excellent fit for you. **Minimum...

  • Technical Underwriter

    6 months ago

    Johannesburg, South Africa Six Sense Full time

    Gauteng, JHB - Northern Suburbs - Annually Cost To Company (Market related) A well-established short term insurer seeking to appoint Technical Underwriter The Technical Underwriter will perform technical underwriting tasks and participate in the implementation of underwriting terms and conditions for policy holders and implementation of rules and...

  • Technical Underwriter

    6 months ago

    Johannesburg, South Africa Six Sense Full time

    Gauteng, JHB - Northern Suburbs - Annually Cost To Company (Market related) A well-established short term insurer seeking to appoint Technical Underwriter The Technical Underwriter will perform technical underwriting tasks and participate in the implementation of underwriting terms and conditions for policy holders and implementation of rules and...

  • Senior Underwriter

    6 months ago

    Johannesburg, South Africa PPS Recruitment Full time

    **Job Advert Summary**: This role reports to the Executive Underwriter. The Senior Life Underwriter is responsible for underwriting life, disability, critical illness, sickness and permanent incapacity cover within agreed underwriting authority limits. The incumbent will deal with technical and complex underwriting queries and/or complaints providing an...

  • Senior Underwriter

    4 weeks ago

    Johannesburg, South Africa PPS Recruitment Full time

    **Job Advert Summary**: This role reports to the Executive Underwriter. The Senior Life Underwriter is responsible for underwriting life, disability, critical illness, sickness and permanent incapacity cover within agreed underwriting authority limits. The incumbent will deal with technical and complex underwriting queries and/or complaints providing an...

  • Marine Technical Underwriter

    1 month ago

    Johannesburg, Gauteng, South Africa WatersEdge Solutions Full time

    Job Title: Marine Technical UnderwriterJob Summary: We are seeking an experienced Marine Technical Underwriter to join our team at WatersEdge Solutions. The successful candidate will be responsible for evaluating and assessing marine insurance risks, utilizing sound underwriting practices to make informed decisions on moderate to complex technical...

  • ▷ 3 Days Left: MARINE TECHNICAL UNDERWRITER

    2 months ago

    Johannesburg, South Africa Jobted ZA C2 Full time

    The candidate must be experienced in the processing and production of all insurance documentation and well adversed in all Marine classes including Cargo, Goods In Transit, Stock Throughput, Hull & Machinery, Leisurecraft, Marine Liabilities and Facultative Placements. The role includes underwriting risks and performing tasks with limited supervision on...

  • Senior Underwriter

    7 months ago

    Johannesburg, South Africa AIG Full time

    **PURPOSE OF THE ROLE**: Under general direction, underwrites assigned risks. Generally has greater underwriting authority and handles larger accounts and/or more complex risks than the Underwriter position. Technical Underwriting Underwrite business within underwriting authority through a rigorous risk assessment process which includes consideration of...

  • Technical Underwriting Specialist

    1 day ago

    Johannesburg, Gauteng, South Africa Telesure Investment Holdings Full time

    Job Title: Technical Underwriting Specialist Location: Gauteng, Johannesburg Salary: R500,000 - R750,000 per annumAbout the Role:This is an exciting opportunity to join our team as a Technical Underwriting Specialist in Johannesburg. As a key member of our underwriting department, you will be responsible for designing and implementing technical underwriting...

  • Only 24h Left: Insurance Consultant

    3 weeks ago

    Johannesburg, South Africa Santam Insurance Full time

    Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding, and transforming company. While based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients, and everything we do is centered on our...

  • Business Head: Technical Underwriting and Governance

    2 months ago

    Johannesburg, South Africa Santam Insurance Full time

    Business Head: Technical Underwriting and Governance Johannesburg, Gauteng, South Africa This career opportunity is available within Specialist Solutions, a division of Santam for a Business Head: Technical Underwriting and Governance, who will be based in Johannesburg: Illovo. What will make you successful in this role? Strategic Management - Provide...

  • Senior Liaison Underwriter

    6 months ago

    Johannesburg, South Africa PPS Recruitment Full time

    **Job Advert Summary**: This role reports to the Executive Underwriter. The Liaison Underwriter is responsible for underwriting life, disability, critical illness, sickness and permanent incapacity cover within agreed underwriting authority limits. This role is crucial in building strong rapport with brokers to stay competitive in the dynamic market we...

  • Marine Technical Underwriter

    1 month ago

    Johannesburg, Gauteng, South Africa Mirror Images Full time

    The Marine Technical Underwriter role involves the processing and production of insurance documentation for various marine classes, including Cargo, Goods In Transit, Stock Throughput, Hull & Machinery, Leisurecraft, Marine Liabilities, and Facultative Placements.Responsibilities include underwriting risks, performing tasks with limited supervision, and...

  • Business Head: Technical Underwriting and Governance

    7 months ago

    Johannesburg, South Africa Sanlam Full time

    **What will you do?** - This career opportunity is available within **Specialist Solutions**, a division of Santam for a **Business Head: Technical Underwriting and Governance**, who will be based in **Johannesburg: Illovo.** **What will make you successful in this role?** **Strategic Management** - Provide sustainable strategic input for your relevant...

  • Senior Underwriter: Motor Fleets

    6 months ago

    Johannesburg, South Africa Sanlam Full time

    **What will you do?** - A Senior Underwriter will have the experience to carefully select, analyse and underwrite risks, in a cost-effective manner and in accordance with company requirements, guidelines and governance, to ensure good risk selection and profitability and ensure business targets are met.- They will support the leadership team with the...

  • Senior Policy Wording and Technical Underwriting Strategist

    3 weeks 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 RoleThis 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...

  • Marine Technical Underwriter Expert

    3 weeks ago

    Johannesburg, Gauteng, South Africa WatersEdge Solutions Full time

    About the Role:WatersEdge Solutions is seeking an experienced Marine Technical Underwriter to join its team in a key role that involves underwriting risks, performing tasks with limited supervision on moderate to complex technical placements in a fast-paced environment.The ideal candidate will have at least 3-5 years of marine experience and possess strong...

  • Senior Casualty Treaty Underwriter

    6 months ago

    Johannesburg, South Africa Believe Resourcing Full time

    **About our Client**: Join the ranks of the world's leading reinsurance company! With over 40,000 employees across numerous global locations, our client has been a pillar of the insurance industry in South Africa for over 50 years. They are at the forefront of transforming how insurance is perceived, converting uncertainty into manageable risk and driving...

  • Underwriter

    2 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Dear Future, Underwriter The role requires you to provide an effective and efficient service to clients by obtaining the correct medical and setting of underwriting requirements telephonically, that need to be referred to a Senior Underwriter for sign-off. Facilitation of such requirements related to new and existing business Are you...

  • Underwriter

    1 month ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Dear Future, Underwriter The role requires you to provide an effective and efficient service to clients by obtaining the correct medical and setting of underwriting requirements telephonically, that need to be referred to a Senior Underwriter for sign-off. Facilitation of such requirements related to new and existing business. Are you...