Website Santam Insurance
Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. S… read moreantam is a subsidiary of Sanlam Limited and has been listed on the Johannesburg Stock Exchange (JSE) since 1964. 1 Sportica Crescent Tyger Valley Bellville, 7530
What will you do?
Santam Reinsurance has a Reinsurance Underwriter role available. The role reports tthe Territorial Lead:Reinsurance Underwriting and will be based at the Santam Head Office in Bellville.
The Reinsurance Underwriter will be responsible for underwriting and managing a reinsurance treaty book within one of Santam Reinsurance’s existing geographical regions.
KEY ACCOUNTABILITIES AND RESPONSIBILITIES WILL INCLUDE:
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 in conjunction with the Pricing team.
Building and maintaining reinsurance broker and client relationships for both existing business and potential business.
Reviewing pricing and underwriting the reinsurance treaties using a range of actuarial and softer methods wordings
Understanding of contract wordings and able to negotiate on a granular level in compliance with internal guidelines.
Detailed meeting capture following market visits
Checking and monitoring accounts, payments and profitability of the book.
Drive profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks.
Preparing Underwriting Review for Underwriting Committee.
Review and submit endorsements and special acceptances for review and approval
Capturing of information on relevant system.
Responsibility for completeness of all required documents and adherence to the Underwriting Guidelines and Standard Operating Procedures.
Qualifications and Experience
Minimum Requirements:
Undergraduate degree with a significant numerate component (actuarial, stats, maths, commerce etc.)
3 years of Treaty Reinsurance Underwriting experience
Proficient in Microsoft Excel , MS Word and PowerPoint
Willingness to work over the Christmas and Easter Holiday period
Willingness to travel occasionally
Advantageous Qualifications, Knowledge and Experience:
Good understanding of reinsurance principles and concepts
An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of reinsurance submission.
A strong understanding of insurance and related risks
Reinsurance technical accounting knowledge
Project Management experience
Apply via company website ( http://www.santam.co.za ) or
careers.sanlamcloud.co.za
To apply for this job please visit careers.sanlamcloud.co.za.