Treaty Underwriter

Hannover Re; Johannesburg; Hybrid; ZAR 40 000 - 80 000; Full time

Job summary

An established industry player is seeking an experienced underwriter to join their Johannesburg team. This role offers the opportunity to engage in reinsurance underwriting, manage client relationships, and oversee claims processes in a dynamic environment. With a focus on collaboration and professional growth, the company provides a warm culture and excellent benefits, including flexible working arrangements and comprehensive group risk benefits. If you are passionate about making a difference in the insurance sector and thrive in a global setting, this is the perfect opportunity for you.

Benefits

Flexible working environment

Daily warm lunches

Comprehensive group risk benefits

Generous annual leave

Learning and development opportunities

Qualifications

• 5-10 years’ experience in short-term insurance, especially in Property and Casualty underwriting.
• Proven track record in managing relationships with national and international clients.

Responsibilities

• Manage reinsurance underwriting functions and monitor contract results.
• Conduct accurate analyses of claims and manage the claims process.

Skills

Underwriting

Analytical Skills

Client Relationship Management

Problem-Solving

Attention to Detail

Education

Undergraduate degree in business, commerce, or insurance

Tools

Access

SQL

Job description

If you have a strong background in underwriting in the short-term insurance or reinsurance industry, Hannover Re South Africa, with offices in Johannesburg/South Africa, has just the role for you. See more details related to the role below, which is available on a permanent full-time basis.

You can look forward to

1. Underwriting Treaty – Reinsurance underwriting functions; accurate use of rating tools, accurate capturing of treaty information, monitoring of results of each contract in portfolio, and employing corrective actions; attending broker/cedent meetings; acquiring new profitable business.
2. Claims – Accurate and timely analyses of claims received daily; managing the entire process for the relevant portfolio within the procedures and guidelines; referring all contentious claims to Manager and/or Legal & Compliance Officer; raising necessary reserves.
3. Client Relationship Management and Marketing – Familiarisation with the marketing strategy and programme of the unit and company; developing an annual marketing plan; interacting regularly with clients.
4. Technical Accounts – Using client relationships to assist the Treaty Accounting Services unit with queries on particular accounts.
5. Administration – Accurate capturing of all relevant treaty information, filing, file audits; liaising with Treaty Accounting Services to ensure accounts are up to date and cash is paid timely as per treaty agreements.
6. Stakeholder Management – Effectively communicating with the immediate team and the wider Treaty and business units, including managing relationships with the direct Manager, Senior Management, Underwriting Managing Agencies, and the Home Office.

You come equipped with

• Undergraduate degree in business, commerce, or insurance
• Minimum 5–10 years’ experience in the short-term insurance industry
• Experience in specialist lines such as Property and Casualty underwriting, with a focus on engineering, marine, or property
• Working knowledge of underwriting principles, financial knowledge, analytical experience
• Proven track record in initiating and following through on projects
• Proven track record in dealing with national and international clients, with a focus on the African continent
• Strong technical and problem-solving skills
• Ability to critically assess and review own work and work independently
• Attention to detail for accurate work
• Accountability for deliverables within scope of work
• Reinsurance experience is an advantage
• Proficient in English (spoken, reading, writing)
• Beginner level Access and SQL skills are an advantage.

Employment Equity

Employment Equity South African Citizens, as qualified by the Employment Equity Act, will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.

What We Offer

Atmosphere

A warm culture rooted in our core values of Responsibility, Drive, and We-spirit, where professionals collaborate to create opportunities for our employees and clients.

Thorough onboarding, hybrid and/or flexible working environment, with daily warm lunches at the company’s cost, prepared by our catering team.

Comprehensive group risk benefits; generous annual and parental leave benefits, prioritizing people, as well as excellent learning and development opportunities aligned with business operations. A great location within walking distance of the Gautrain and opposite Rosebank Mall.

If you want to work in a dynamic and global environment with a somewhat different approach to doing business, then please click on the 'apply now' button — closing date 11 October 2024.

You can find out more about our working environment, entry options, and development opportunities at our website.