Junior Underwriter - Sandton, South Africa - Sanlam

Sanlam

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

What will you do?

We have an exciting opportunity available for a
Junior Underwriter (Accident and Health) based in Illovo, Sandton.
What will make you successful in this role?

Key responsibilities include:

Underwriting and Monitoring Duties:

Underwrite new business, which may be complex in nature, including all tasks associated therewith but not limited to risk evaluation and assessment, coverage analysis, pricing and wording negotiations within underwriting authority.
Refer and acquire signoff relating to matters falling outside of own authority, in accordance with authority matrix.
Analyse claims experience.
Follow up on new business quotes done
Inperson engagement with strategic broker partners on high value / complex renewals
Daily administration of Binders and Outsourcing Agreements
In conjunction with Business Head and Underwriting Head, reviewing and underwriting of binders and outsource arrangements rates to ensure the profitability and governance of these structured solutions
Auditing of these arrangements on a Quarterly basis, or as agreed per Agreement, to ensure compliance with agreed rates, wording and conditions.
Auditing on a yearly basis with Santam Niche Compliance
Undertake Client Liaison meeting on a regular basis
Attend to and keep general filing up to date.
Marketing
Visit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.
Feedback on market intelligence.
Broker/Client Product Specific Training and Presentations

Client Liaison (Internal and External):

Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
Liaise with Santam Niche Regulatory and Santam Group Compliance.
Manage and maintain successful business relationships with relevant clients.
Ensure that clients are provided with consistent superior service and products.
Handle and resolve all relevant client queries within authority levels and liaise with service providers where appropriate.
Work in conjunction with all internal resources and support structures to achieve desired business outcomes.
Work closely with Niche Regulatory

Financial:

Strategic Input:

General Administration:

Draw standard reports if and when required
Handle accounts queries where required.
Attend to daily administrative routine tasks in accordance with organisational standards, processes, procedures and mandates
Attend to the typing of general correspondence if and when necessary.

Qualification & Experience

3 years Underwriting experience
Non-Life Insurer Compliance experience in a compliance role preferable
Knowledge / Experience (This is not a trainee position and A&H or related product knowledge a preference.)
Facultative Reinsurance Experience
Matric
Insurance related qualification or current studies a preference

FAIS compliant

Skills and Competencies

Administrative Skills
Analysis and Judgement
Attention to Detail
Client Orientation
Conflict Resolution
Communication Skills including negotiation
Initiative
Managing work and delegation
Teamwork
Interpersonal Skills
Organisational Awareness
Self-Starter
Systemic Thinking and strong communication
Technical proficiency and proven underwriting track record in relevant line(s) of business
Retention Strategy Financial Acumen
Track record for handling high pressure work environment
Computer Literacy
Audit and Scheme experience