| Date | 2024-07-25 |
|---|---|
| Job Title | Senior Underwriter |
| Employer | Fempower Personnel More Information |
| Salary | 0 |
| Category | It Computer |
| Location |
Gauteng / Pretoria |
Job Summary
Manager – Underwriting
Main Purpose of the Job
We are seeking a skilled and experienced Manager to oversee underwriting, reinsurance, policy administration, and portfolio management of our non-life insurance business. This role is crucial in driving the achievement of our organization`s financial objectives and ensuring the delivery of high-quality services.
Key Performance Areas
- Underwriting and Policy Administration
- Make authoritative decisions on technical underwriting and business enhancement solutions to improve performance.
- Develop and maintain underwriting guidelines aligned with the business`s risk appetite.
- Create processes to ensure business underwriting meets set standards and rates.
- Review and update policy cover, wording, general terms, and conditions.
- Monitor profitability, analyze claim trends, and assess historical account information.
- Determine renewal terms and provide complete renewal packages to the Sales department.
- Ensure adherence to organizational policies, maintain the underwriting risk policy, and manage the underwriting team.
- Reinsurance
- Structure reinsurance programs for all business lines, prepare annual renewal packs, and oversee reinsurance optimization.
- Maintain accurate reinsurance data, approve facultative reinsurance placements, and foster strong relationships with reinsurance partners.
- Portfolio Management
- Manage the underwriting performance of outsourced and binder mandates, initiate corrective actions, and provide integrated long-term solutions for portfolio management.
- Report on binder holder performance, provide reliable information for decision-making, and ensure compliance with all policies and procedures.
- Product Development
- Develop and implement a product development framework, monitor existing products for gaps, and present new development initiatives for approval.
- Departmental and People Management
Performance Management
- Analyze business plans, set deliverables and targets, conduct performance planning, and reviews, and take corrective actions where necessary.
Capacity Planning
- Determine and secure human resource requirements, achieve employment equity targets, and minimize staff turnover.
Financial Management
- Develop and manage the budget, ensure proper control over expenditure, and manage the division`s financial health.
Preferred Minimum Education and Experience
- Honours BCom in Accounting, Finance, Business Management, Risk Management, or Insurance.
- 8-10 years of life and/or short-term insurance underwriting experience.
- 8-10 years of experience with insurance operating systems.
Critical Competencies
- Underwriting and administration
- Maintenance of policies in an operating system
- Quality Assurance
- Good understanding of reinsurance principles
Additional Requirements
- Extended hours as required.
- Travel as required.
If you are a strategic thinker with a strong background in insurance underwriting and reinsurance, and you are passionate about driving business success, we encourage you to apply for this exciting opportunity.
Senior Underwriter position available in Gauteng, Pretoria. This job position was posted by Fempower Personnel. The job has been posted as a premium ad on 2024-07-25 at 13:00:24 in the It Computer category
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