Senior Life Underwriter

6 days ago

Johannesburg, Gauteng, South Africa Company Munich Re Full time

Location Johannesburg, South Africa Job type Full-Time Work mode Hybrid Job level Professional Job ID 11681 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting

Career Level 3

Munich Re of Africa is seeking to employ a Senior Life Insurance Underwriter. You will join our Life Underwriting Solutions team reporting to the Chief Underwriter. The position can be based either in Johannesburg or Cape Town as we have offices in both locations.

Your Role:

  • Risk assessment of complicated and high value life insurance applications following Munich Re's underwriting standards and risk appetite
  • Support Munich Re's claims team by providing input into complicated claims and offering reconstructed underwriting opinions
  • Present training sessions to Munich Re staff or those of its clients
  • Conduct research and development for Munich Re or its clients upon request
  • Establish and maintain good relationships with the Underwriting decision makers in the life insurance industry
  • Provide advice to clients with regard to international and local best practices
  • Market and promote any of the services offered by Munich Re to its current and prospective clients
  • Support the Chief Underwriter and other teams in our business on projects to pursue Munich Re's strategic goals

Your profile:

  • Tertiary qualification
  • A track record in the life industry
  • Minimum 15 years life underwriting experience, of which at least 10 years must have been with a direct insurer(s) operating in the South African market
  • Outstanding medical and financial skills
  • It is important that you can demonstrate experience in the handling of high value or complicated cases
  • Ability to analyse data to inform business practices and approaches

We will consider the following skills advantageous.

  • Prior experience at a Reinsurer or Group Insurer
  • Prior experience using Munich Re's UW manual – MIRA

At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation of our open culture and spirit of partnership. It shapes how our teams are built and cultivated and how we are supported and developed. And at the center of this interaction is each of us. As part of our commitment to opportunity, growth and diversity, preference may be given to candidates in line with our Employment Equity Plan.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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