Job Description
About the Role
Our Client, a highly respected international insurance group operating in various territories throughout Africa, is seeking an experienced Senior Corporate and Commercial Underwriter to join their team based in Kinshasa, Democratic Republic of Congo (DRC). As a senior member of the underwriting team, you will be responsible for writing business emanating from the DRC, working to achieve sustainable, profitable targets with a strong emphasis on service. You will act as lead underwriter across specialist products and use your client-facing market presence to trade with brokers, risk managers, and international insurers and reinsurers.
Key Responsibilities
- Negotiating and pricing underwriting risks
- Renewal of business
- Negotiate renewals with Brokers / Clients / Reinsurers
- Raising debits and credits
- Assist with Credit Control
- Liaison / negotiation with Reinsurers on Facultative business and obtaining quotations and placement of Reinsurance.
- Liaison with Brokers / Clients
- Bulk business negotiations with Brokers or Corporate Clients
- Requesting and implementing and monitoring of surveys
- Rating and structuring of Corporate Clients
- Negotiating tender documents
- Negotiate and pricing global program business and arranging of Reinsurance or Co-insurance support
- Developing and arranging specialized covers and risks
- Smoothly managing your division on a day to day basis.
- Screening and distribution of incoming mail.
- Ensure accuracy of outgoing documentation is up to company standards.
- Facilitating the timeous renewal of policies.
- Assisting and overseeing the running of the credit control department.
- Liaising and building relationships with Brokers / Clients.
- Liaising with and assisting the Global Accounts & RI departments at Head Office with queries on all Global Accounts and re-insurance placements.
- Facilitate and assist with queries from the Underwriting, Claims, Marketing, re-insurance and accounts departments.
- Assist with arranging facultative re-insurance when required.
- Negotiate renewals with Brokers / Clients / Re-insurers.
- Provide assistance to HR with new appointments and interviews.
- Developing, implementing, and monitoring administration processes to ensure efficient policy administration.
- Monitoring and Assisting with commission payments to Brokers and agents.
- Monitoring and Assisting with all outgoing re-insurance payments.
- Responsible for monthly reporting on underwriting, budgets, Loss ratios and the like to the Executive Committee management meetings.
- Assist with commission negotiations.
Requirements
Relevant market experience of minimum 5 years is a requirement. Candidates applying for this position must be disciplined, presentable, self-motivated, and possess strong time management skills. Work is driven by an internal system and requires an analytical mind.
Qualifications
Salary & Benefits
Highly lucrative remuneration packages including assistance with housing, travel, and associated requirements
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Insurance Jobs in South Africa
In the context of Other Insurance positions in South Africa, it is common to find a steady demand for professionals who can manage and oversee insurance claims, policy administration, and risk management. Typically, this field operates within various industries, including financial services, technology, and manufacturing sectors.
When it comes to salaries, broad ranges can be expected, with typically starting salaries ranging from R200 000 to R300 000 per annum for junior positions, increasing to around R500 000 to R700 000 per annum for more senior roles. However, please note that actual salaries can vary widely depending on factors such as the size of the company, industry sector, experience level, and qualifications held by the individual.
To excel in an Other Insurance role, common skills include strong analytical and problem-solving abilities, excellent communication and interpersonal skills, a solid understanding of insurance policies and regulations, and experience with policy administration software. Additionally, proficiency in Microsoft Office applications, particularly Excel, is often highly valued. Proficiency in languages such as Afrikaans or isiZulu may also be an advantage in certain contexts.
Other Insurance roles can commonly be found within the financial services sector, where companies that offer insurance products to individuals and businesses need professionals to manage claims and policy administration. Technology companies and manufacturing firms also frequently require staff with expertise in this field. In general, organisations across a range of industries value the skills and experience offered by professionals in Other Insurance roles.
Career progression for those in Other Insurance roles is generally good, with opportunities for advancement to senior positions or into specialist roles such as risk management or policy development. With experience and additional qualifications, individuals can progress into leadership roles within an organisation, or transition into related fields such as actuarial science or claims adjusting.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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