Junior Assistant to the Reinsurance Contract Wording Specialist

Pro Tem; Johannesburg; On-site; ZAR 200,000 - 300,000; Full time

Job summary

A reinsurance company in Johannesburg is seeking a Junior Assistant to the Reinsurance Contract Wording Specialist. This role involves assisting with contract wording, providing support to teams, and engaging with clients for smooth contract management. The ideal candidate has at least 5 years of experience in a Commercial Underwriting role and a good understanding of insurance policies. A negotiable salary based on experience is offered.

Qualifications

• Minimum of 5 years experience in Commercial Underwriting.
• Sound understanding of commercial insurance policy wordings is essential.
• Reinsurance experience is advantageous.

Responsibilities

• Assist with Treaty and Facultative Reinsurance Contract Wordings.
• Provide guidance and support to the Broker Support Team.
• Ensure Reinsurance Contract Wordings are standardized and aligned.
• Interact with Reinsurance Markets and Clients on Reinsurance Contract queries.
• Conduct internal training and presentations as needed.

Skills

Commercial Insurance Policy Understanding

Communication

Team Support

Client Interaction

Education

Matric

RE5 (FAIS Compliant)

NQF Level 5

Job description

Overview

Junior Assistant to the Reinsurance Contract Wording Specialist

We are the Reinsurance Contract Wording Specialist Team and Technical Wordings and Clauses Resource.

We are looking for a Junior Assistant to the Reinsurance Contract Wording Specialist.

Minimum Requirements

• Matric.
• RE5 (FAIS Compliant).
• NQF Level 5.
• At least 5 years Commercial Underwriting experience in an Underwritering role.
• A sound understanding/comprehension of commercial insurance policy wordings is essential and is non-negotiable.
• Reinsurance experience advantageous.

Duties and Responsibilities

Your duties and responsibilities in your capacity as a Junior Assistant to the Reinsurance Contract Wording Specialist include, but are not limited to:

• Assisting with all Treaty and Facultative Reinsurance Contract Wordings, Reinsurance Placing Slips and Cover Notes.
• Assisting and providing guidance, training and support to the Broker Support Team on the constructing/drafting and interpretation/assessment of Reinsurance Contract Wordings and related Clauses including coverage design.
• Assisting to ensure all Reinsurance Contract Wordings of Company clients (existing and new) are standardised (where possible), are best in class, are aligned to market (Client and Reinsurer) requirements and are maintained.
• Assisting to ensure that a strategy/plan is in place to proactively prepare and manage Contract Wordings well ahead of the Treaty renewal dates, which are discussed and agreed with Clients and Reinsurers and a final draft of each Contract Wording is ready in time for the Renewal Pack (Treaty) which must be dispatched within renewal timelines (planning commences 3 months prior to renewal).
• Assist by interacting with the Reinsurance Markets and our Clients on their Reinsurance Contract Wordings, Clauses and Addenda as and when required as well as assist Clients & Reinsurers with Reinsurance Contract Wording queries.
• Assist by conducting internal team as well as market training and presentations on Reinsurance Contract Wordings as and when required.
• Assist in:
• Conducting a Gap-Analysis with Clients’ Treaty Programmes and their underlying business.
• Discussing Reinsurance Wordings with Clients during and/or post Treaty renewal to create a better understanding of the Clients’ Reinsurance Programme including Wordings, Clauses and the like.
• Building relationships with related technical persons within the Reinsurance Market.
• Accurate record keeping.
• The maintenance of files and filing.
• Accurately recording written & verbal correspondence with Clients and Reinsurers.
• Avoiding errors and omissions at all costs.

Salary

Negotiable based on experience