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- Examine insurance proposals for new and renewal business, gathering and assessing background information, conducting necessary research, evaluating and assessing the risk, and discussing/negotiating risks with brokers.
- Calculate possible risk and determine appropriate insurance premiums using underwriting tools and practices.
- Quote within designated authority levels and refer where necessary in accordance with company policy and technical guidelines.
- Monitor portfolio performance and ensure that renewals, new business, lost business are tracked and that the cancellation reserve does not exceed 2.5%.
- Set accurate, realistic premium forecasts and draft financial reporting as required in a timely manner.
- Articulate technical messaging and deliver training internally and externally as necessary.
- Support junior underwriters with the underwriting process and renewal negotiations.
- Accurately enter data into company systems and produce management reports.
- Maintain accurate electronic records for auditing and regulatory purposes.
- Participate in projects designed to improve the effectiveness or efficiency of the department.
- Undertake any other reasonable tasks as requested by the U/W Head or Manager.
- Bachelor of Commerce in Insurance & Risk Management, Finance, Accounting, LLB, or Economics.
- Minimum of 5 years technical experience in the relevant line of business.
- FAIS Compliance and RE5.
- Good understanding of the insurance industry, reinsurance market, and terminologies used.
- Sound technical understanding of policy wordings.
- Able to evaluate information from various sources and solve problems.
- Good decision-making skills and ability to articulate complex options.
- Good communication and interpersonal skills.
- Confident in negotiation and networking scenarios.
- Deadline-focused with ability to work under pressure and manage workload effectively.
- Competent user of Excel, Word, Outlook, and other Microsoft platforms.
- Presentation skills with ability to present informally and formally.
- Intermediate to Advanced ability to assess financial statements across industries.
- In-depth understanding of financial markets, macro-economic factors, and emerging risks impacting Financial Lines Business Unit.
Senior Underwriter - Gauteng - Santam Insurance

Description
We are seeking a highly skilled Senior Underwriter: Financial Lines to join Santam Insurance.
Job Summary
The successful candidate will have the experience and expertise to carefully select, analyze, and underwrite risks in a cost-effective manner while ensuring good risk selection and profitability. They will support the leadership team with day-to-day management and operation of the department, including knowledge sharing and guidance of junior team members.
Key Responsibilities:
Requirements
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