Reinsurance Underwriting Analyst

2 months ago

Cape Town, South Africa Sanlam Full time

THE ROLE

Santam is looking for a passionate and energetic individual for a position as Underwriting Analyst who will be based in Tygerpark, Bellville. This exciting opportunity is available within Santam RE: Underwriting and Pricing. 

WHAT WILL YOU DO

The Reinsurance Underwriting Analyst is responsible for assisting the Reinsurance Underwriter in underwriting and managing a reinsurance treaty book within one of Santam Reinsurance’s existing geographical regions.
The underwriting analyst must review and analyse treaty submission. Assess profitability, premium volume potential, downside risk, adherence to underwriting guidelines, quality of treaty wording, bridger checks. The underwriting analyst needs to communicate via e-mail and meetings his/her findings to a wider underwriting and client relationship management team. Once the contract is accepted then the contract must be captured in the admin system. One of the key responsibilities of an underwriter analyst is to maintain the ongoing administration of contracts and to manage the accuracy of information on admin systems, pricing models and reports

WHAT WILL MAKE YOU SUCCESSFULL

Assist the Underwriter/Client relationship management team in developing, managing and maintaining a reinsurance treaty book in the chosen territory. This is both, a client facing role and an analytics and accounting role. Building and maintaining reinsurance broker and client relationships for both existing business and potential business. Pricing and underwriting the reinsurance treaties using a range of actuarial and softer methods as well as checking reinsurance contracts Support the drive of profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks.  Research different region’s (Re)insurance sectors to determine the best strategy to employ on the portfolio Improving processes by actively engaging stakeholders on the processes involved in the underwriting process. Analyzing contract wordings Actively involved in projects determined by the Territorial Head and/or Chief Underwriter. Administration: updating internal systems and files, running reports. Ensures the admin for the team is completed on SharePoint and iRe (liaising with admin team). Supports the territorial head and reinsurance underwriter with preparing for trips by preparing market research, pulling accounts for clients being visited, etc. Frequently engages with clients over teams, zoom, the phone. Has an established relationship with the accounts and claims teams. Checking and monitoring accounts, payments and profitability of the book.

QUALIFICATION AND EXPERIENCE

Undergraduate degree with a significant numerate component such as Math, Computer Science, Statistics, Economics, Physics, Engineering or Actuarial Science. 0-3 years’ of work experience preferably in the insurance/ reinsurance, finance and/ or risk management sectors.

SKILLS

An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of a reinsurance submission.  A strong understanding of insurance and related risks  Reinsurance technical accounting knowledge  Willingness to work over the Christmas and Easter Holiday period Willingness to travel internationally  Good understanding of reinsurance principles and concepts Excellent verbal and written communication skills Analytical ability Ability to read and review contracts critically in line with company requirements Advanced numeracy skills Ability to work independently with limited supervision High stress tolerance  Ability to work to tight deadlines and under pressure Strong negotiation skills Team Player Ability to work flexible working hours Must be pro-active and take ownership of tasks Willingness and desire to learn Good work ethic Ability to multi-task Solid interpersonal and relationship building skills Good planning and organizing skills Time management Great understanding of business processes

COMPETENCIES

Collaborates  Client focus  Drives results Flexibility and adaptability  Cultivates Innovation Organisational savvy Balancing stakeholders Plans and aligns Optimises work processes

WHO ARE WE

Santam Re, based in Cape Town South Africa and operating globally, presents a company culture that is committed to fostering genuine connections with people. 

With over 106 years of experience, Santam is Africa’s leading general insurance company with a market share exceeding 24% in South Africa. Our reinsurance business, Santam Re leads with a culture and work environment that truly provides meaningful opportunities for personal and professional growth. This is a contributing factor to Santam being recognised this year, and for the fourth consecutive year, as a Top Employer by the Top Employers Institute, the only general insurer in South Africa to achieve this rating.

This speaks volumes about our focus on best people practices, as well as our commitment to optimising and improving our business performance by selecting employees who are ready to thrive and perform with purpose. 

We recruit and invest in people who are driven to make a positive impact in the reinsurance industry; those who believe in collaboration and dedication, passion and performance, and with values and objectives that align to inclusivity and unlimited growth.

Profitable growth is key to Santam Re’s success, reason why we are intent on further strengthening our actuarial and underwriting expertise which are at the core of our business model. We have built our reputation on being strong in technical analysis, on being able to grasp the nuances of emerging markets, high quality service delivery and in the provision of optimal portfolios that respond to the needs of our brokers and cedents, today and for the future.

  • Reinsurance Underwriting Analyst

    1 month ago

    Cape Town, South Africa Sanlam Group Full time

    THE ROLESantam is looking for a passionate and energetic individual for a position as Underwriting Analyst who will be based in Tygerpark, Bellville. This exciting opportunity is available within Santam RE: Underwriting and Pricing. WHAT WILL YOU DOThe Reinsurance Underwriting Analyst is responsible for assisting the Reinsurance Underwriter in underwriting...

  • Senior Reinsurance Underwriter

    3 months ago

    Cape Town, South Africa Sanlam Full time

    What will you do? Santam is looking for a passionate and energetic individual for a position as Senior Reinsurance Underwriter who will be based in Tygerpark, Bellville. This exciting opportunity is available within Santam RE: Underwriting. What will make you successful in this role? The role exists to oversee and manage all underwriting...

  • Senior Underwriter

    1 month ago

    Cape Town, South Africa Sanlam Group Full time

    THE ROLESenior UnderwriterWHO ARE WESantam Re, based in Cape Town South Africa and operating globally, presents a company culture that is committed to fostering genuine connections with people. With over 106 years of experience, Santam is Africa's leading general insurance company with a market share exceeding 24% in South Africa. Our reinsurance business,...

  • Senior Underwriter

    2 months ago

    Cape Town, South Africa Sanlam Full time

    THE ROLE Senior Underwriter WHO ARE WE Santam Re, based in Cape Town South Africa and operating globally, presents a company culture that is committed to fostering genuine connections with people.  With over 106 years of experience, Santam is Africa’s leading general insurance company with a market share exceeding 24% in South Africa. Our...

  • Reinsurance Actuary: Product Management

    3 months ago

    Cape Town, South Africa Moving Heads Personnel Full time

    Identifying inward reinsurance opportunities and building business cases to improve value generation. - Providing actuarial support to the reinsurance operations and pricing teams. - Develop and maintain pricing models for inwards reinsurance products and services. - Liaise with the Actuarial Modelling teams to provide specifications and criteria for Pricing...

  • Junior Underwriter

    3 months ago

    Cape Town, South Africa PSG Konsult Full time

    **Job description**: To provide underwriting assistance to the Advisers. The position will focus on commercial lines. **Responsibilities**: - Capturing of underwriting data and sending quote schedules to brokers - Capturing of underwriting data and sending quote schedules to request reinsurance - Do Commercial Lines underwriting as per underwriting...

  • Reinsurance Client Relationship Manager

    1 month ago

    Cape Town, South Africa Sanlam Full time

    Who are we? Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst 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...

  • Corporate Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Corporate Underwriter with minimum 3 years’ relevant corporate underwriting experience, preferably in a Broker environment dealing with underwriting for large commercial/corporate clients, required for a National Brokerage based in Cape Town City Bowl and Bedfordview, GP. **Minimum requirements**: - Matric - RE5 essential - FAIS compliance - Minimum 5...

  • Actuarial Analyst: Short-term Risk Specialist

    3 days ago

    Cape Town, Western Cape, South Africa Network Recruitment Full time

    Job SummaryWe are seeking an experienced Actuarial Analyst to join our team at Network Recruitment. As an Actuarial Analyst, you will play a key role in supporting the development of reinsurance models, reserving processes, and capital requirement evaluations.Key ResponsibilitiesData Analysis and Reporting: Gather, organize, and analyze data for reporting...

  • Corporate Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Corporate Underwriter with minimum 3 years’ relevant corporate underwriting experience, preferably in a Broker environment dealing with underwriting for large commercial/corporate clients, required for a National Brokerage based in Cape Town City Bowl and Bedfordview. Minimum requirements: - Matric - RE5 essential - FAIS compliance - Minimum 5 years’...

  • Corporate Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Corporate Underwriter with minimum 5 years’ relevant corporate underwriting experience, preferably in a Broker environment dealing with underwriting for large commercial/corporate clients, required for a National Brokerage based in Cape Town City Bowl. Minimum requirements: - Matric - RE5 essential - FAIS compliance - Minimum 5 years’ Corporate...

  • Life Products Underwriter

    3 months ago

    Cape Town, South Africa Swiss RE Full time

    Are you a dedicated and passionate senior Life & Health Underwriter looking for a change? Swiss Re is seeking an ambitious and future-minded colleague to join the South Africa Team in Johannesburg or Cape Town. **About the Role** In addition to some more traditional underwriting (UW) activities, such as UW case management decision making with appropriate...

  • Personal Lines Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Personal Lines Underwriter with minimum 3 years’ experience in an Insurer environment, required for a national Brokerage based in Cape Town City Bowl. **Minimum requirements**: - Grade 12 essential - FAIS and RE certification essential - Minimum 3 years’ PL underwriting experience essential **Responsibilities**: - PL underwriting of new and existing...

  • Corporate Underwriter Cape Town

    3 months ago

    Cape Town, South Africa Xcel Human Capability and Talent Solutions Full time

    Provide stakeholders with effective and efficient corporate underwriting services according to the required standards and procedures in order to retain existing clients and secure new business in support of the business strategy. This includes: - General Enquiries such as but not limited to cover, products, processes - New Business, Renewals, Endorsements...

  • Personal Lines Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Personal Lines Underwriter with minimum 3 years’ experience, required for a national Financial Service Provider based in Cape Town City Bowl. - Grade 12 essential - FAIS and RE certification essential - Minimum 2 years’ PL underwriting experience essential - Minimum 2 years’ experience in a client servicing role essential - PL underwriting of new and...

  • Personal Lines Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Personal Lines Underwriter with minimum 3 years’ experience, required for a national Financial Service Provider based in Cape Town City Bowl. **Minimum requirements**: - Grade 12 essential - FAIS and RE certification essential - Minimum 2 years’ PL underwriting experience essential - Minimum 2 years’ experience in a client servicing role...

  • Personal Lines Underwriter

    3 months ago

    Cape Town, South Africa Xcel Human Capability and Talent Solutions Full time

    **XCEL Human Capability & Talent Solutions** **Personal Lines Underwriter** **(Johannesburg & Cape Town)** Our client, a leading and established Insurance Broker with offices nationally, is currently recruiting for Personal Lines Underwriters in Johannesburg and Cape Town. Our client offers an entrepreneurial, young and vibey work environment with...

  • Personal Lines Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Personal Lines Underwriter with minimum 2 years’ experience in an Insurer environment, required for a national Financial Service Provider based in Cape Town City Bowl. Minimum requirements: - Grade 12 essential - FAIS and RE certification essential - Minimum 2 years’ PL underwriting experience essential - Minimum 2 years’ experience in a client...

  • Personal Lines Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Personal Lines Underwriter with minimum 2 years’ experience, required for a national Financial Service Provider based in Cape Town City Bowl and Port Elizabeth. Minimum requirements: - Grade 12 essential - FAIS and RE certification essential - Minimum 2 years’ PL underwriting experience essential - Minimum 2 years’ experience in a client servicing...

  • Personal Lines Underwriter

    3 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Personal Lines Underwriter with minimum 3 years’ experience, required for a national Financial Service Provider based in Cape Town City Bowl. - Grade 12 essential - FAIS and RE certification essential - Minimum 2 years’ PL underwriting experience essential - Minimum 2 years’ experience in a client servicing role essential - PL underwriting of new and...