Commercial Underwriter

7 days ago

Sandton, South Africa Momentum Metropolitan Holdings Full time

-Introduction

The Underwriter will be responsible for writing new business, providing renewal terms, technical and claims advice, and liaising with brokers within the agreed mandate limits as determined by the Product Manager / Underwriting Executive.
Role Purpose

The Underwriter will be responsible for writing new business, providing renewal terms, technical and claims advice, and liaising with brokers within the agreed mandate limits as determined by the Product Manager / Underwriting Executive.
Requirements
- Grade 12
- FAIS - Completed RE5 Certificate and Credits (60 credits)
- Proven track record of underwriting experience e.g., assessing exposure, understanding risk reports, underwriting levels and risk rating
- DOFA Certificate
- 5 years’ experience in commercial underwriting
- Technical knowledge on the underwriting of Non-Motor and Motor Commercial risks
- Proven track record of underwriting experience e.g., assessing exposure, understanding risk reports, underwriting levels and risk rating
Duties & Responsibilities
- Quoting and underwriting of new and renewal business on Commercial Risks
- Ensuring that risks are written within the company’s risk appetite and complies within the reinsurance/underwriting treaties and internal mandates
- Knowledge of facultative placements
- Basic system operating knowledge essential
- Renewal process:

- Conduct the policy renewal process, offering renewal terms after analysing claims history and risk profile
- Completing renewal process on system and providing broker with renewal pack
- Credit control, matching cash, invoicing, and assisting Finance Department with matching processes
- Take adequate underwriting action to correct underperforming clients such as increasing premiums, excess payments, deductibles and or terminate relationship
- Monitoring and taking corrective action on poorly performing risks
- Requesting and analysing risk survey reports
- Providing risk survey results, risk survey requirements after analysing risk survey report
- Following up on risk survey requirements and implementation thereof
- Maintain an acceptable loss ratio
- Maintain policy wording drafts, ensure that the product remains competitive with market offering and amended regularly in line with re-insurance treaty specifications
- Maintaining and building relationships with brokers
- Dealing with day-to-day queries and amendments to existing policies
- Provide input into building and designing various aspects of the products on a designated system
- Providing brokers with advice, Handle all broker queries, complaints, and problems
- Conducting product training to brokers
- Do broker visits with a view on growing the Commercial Product footprint, including the overall footprint of the associated business products
- Adhere to all aspects set out as per Commercial Standard Operating Procedures
- Assist with Audit process as requested by Outsourced Authorized Auditors
- Assist with Audit process on existing policies, new business and renewals within delegated authorities, binders
- To perform any other duties that may be assigned
Competencies
- Attention to detail
- Collaborative
- Client commitment
- Good planning and organising skills

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

  • Senior Commercial Underwriter

    2 weeks ago

    Sandton, South Africa CFS Recruitment Full time

    Job Title: Commercial UnderwriterReport to: Underwriting ManagerSeniority Level: Senior Career (7+ yrs exp)Type: PermanentDuties and Responsibilities:Assess and evaluate insurance applications for commercial linesUnderwrite new business and renewals within set guidelinesAnalyze and interpret statistical data for complex risksEnsure compliance with...

  • Junior Commercial Underwriter

    3 weeks ago

    Sandton, South Africa HR Genie Full time

    Junior Commercial UnderwriterIntroductionOur reputable brokerage is seeking a skilled and motivated individual to join our team. With a commitment to excellence and a focus on providing tailored insurance solutions to our clients, we offer an exciting opportunity to grow and thrive in the insurance industry. If you have a passion for underwriting, a keen eye...

  • Manager: Commercial Property Underwriting

    2 weeks ago

    Sandton, South Africa Santam Full time

    What will you do? Commercial Underwriting has a position available for a Manager: Commercial Property Underwriting and will based at our Alice Lane Office in Johannesburg. This role will report to the Head: Commercial Underwriting. What will make you successful in this role? The individual is required to ensure Santam’s Commercial Property Portfolio...

  • Commercial Underwriting Lead

    2 weeks ago

    Sandton, South Africa Sanlam Limited Full time

    A leading insurance company in South Africa is seeking a Commercial Underwriting Specialist to provide technical expertise and mentor the underwriting team. This role involves assessing complex risks, drafting policy documents, and ensuring compliance with underwriting mandates. Candidates should have 6-8 years of experience in Commercial Technical...

  • Commercial Underwriter

    2 weeks ago

    Sandton, South Africa Guardrisk Full time

    **Introduction** - The Underwriter will be responsible for writing new business, providing renewal terms, technical and claims advice, and liaising with brokers within the agreed mandate limits as determined by the Product Manager / Underwriting Executive.**Disclaimer** - As an applicant, please verify the legitimacy of this job advert on our company career...

  • Senior Commercial Underwriter

    2 weeks ago

    Sandton, South Africa HR Genie Full time

    Commercial UnderwriterIntroductionAre you an experienced Commercial Underwriter looking to join a dynamic and progressive insurance brokerage? Look no further! Our reputable brokerage is currently seeking a skilled and motivated individual to join our team. With a strong commitment to excellence and a focus on providing tailor-made insurance solutions to our...

  • Senior Commercial Underwriting Specialist

    1 week ago

    Sandton, South Africa Santam Full time

    A leading insurance company in South Africa is seeking a Commercial Underwriting Specialist to provide advanced technical expertise and mentor a team. The role involves assessing complex risks and ensuring compliance with underwriting standards. Ideal candidates will have 6-8 years of commercial underwriting experience and relevant qualifications. This...

  • Commercial Underwriting Specialist

    2 weeks ago

    Sandton, South Africa Sanlam Limited Full time

    Commercial Underwriting Specialist (JHB) Location: Sandton, Gauteng, ZA The role An exciting permanent opportunity has become available within Santam Client Solutions for a Commercial Underwriting Specialist to join the team. The successful incumbent will be based at our offices in Alice Lane, Gauteng. What will you do? The Commercial Underwriting Specialist...

  • Commercial Underwriting Specialist

    1 week ago

    Sandton, South Africa Sanlam Full time

    Commercial Underwriting Specialist (JHB) Join to apply for the Commercial Underwriting Specialist (JHB) role at Sanlam . The role An exciting permanent opportunity has become available within Santam Client Solutions for a Commercial Underwriting Specialist to join the team. The successful incumbent will be based at our offices in Alice Lane, Gauteng. What...

  • Commercial Underwriting Specialist

    2 weeks ago

    Sandton, South Africa Santam Insurance Full time

    Stay safe online. Now more than ever it’s important to be cybersafe. See Santam’s tips to help you stay safe online. Learn more. Find your perfect role at Santam Commercial Underwriting Specialist (JHB) An exciting permanent opportunity has become available within Santam Client Solutions for a Commercial Underwriting Specialist to join the team. The...