Manager: Personal Technical Underwriting

Old Mutual; Cape Town; On-site; ZAR 40 000 - 85 000; Full time

Job summary

An established industry player is seeking a skilled technical underwriter to lead a team in managing complex risks and underwriting processes. This role emphasizes strategic leadership, compliance management, and the development of high-performing teams. The successful candidate will leverage their expertise to enhance underwriting effectiveness and drive organizational risk management initiatives. If you have a passion for insurance and a proven track record in underwriting, this is an exciting opportunity to shape the future of underwriting in a dynamic environment.

Qualifications

• 3-8 years experience in technical underwriting or product development.
• Experience in leading a team of specialist underwriters.

Responsibilities

• Act as a technical referral point for underwriting complex cases.
• Evaluate automated underwriting processes to enhance effectiveness.
• Develop and deliver budget plans with guidance.

Skills

Accounting

Budget Management

Change Management

Data Compilation

Financial Acumen

Risk Management

Underwriting Management

Education

Bachelor’s degree in general insurance

NQF Level 9 – Masters

Job description

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity, and our diverse talent reflects this.

Job Description

Experience, knowledge & skills required

• Bachelor’s degree and/or equivalent NQF Level 7 qualification in general insurance.
• 3 – 8 years experience in technical underwriting or product development.
• 3 – 8 years of experience in leading a team of specialist underwriters, with a proven track record of success in developing high-performing teams.
• Understanding of tech enablers and emerging underwriting trends is an advantage.

Manages several underwriting professionals. Reviews and ensures conformance with underwriting policies, guidelines, and procedures by subordinate underwriters. Recommends changes in underwriting policies and procedures. Underwrites large or complex risks or provides final approval for those underwritten by subordinates.

Job Responsibilities:

1. Underwriting Insurance Cases: Act as a technical referral point for the team, providing guidance on underwriting complex and unusual cases and leading decisions related to high-value and complex risks to ensure insurance contracts are constructed within acceptable commercial and risk parameters.
2. Underwriting Automation: Evaluate new or existing automated underwriting processes and systems, proposing new or improved functionalities to reduce costs and/or enhance underwriting effectiveness.
3. Organizational Risk Management: Develop and/or deliver contingency plans for significant aspects of risk management and control processes.
4. Regulatory and Compliance Management: Help design and implement a compliance program, liaising with regulators to ensure adherence to standards. This may involve supervising a regulatory/compliance team.
5. Leadership and Direction: Communicate actions needed to implement the function's strategy and business plan, motivate the team, and align with the organization’s mission, vision, and values.
6. Performance Management: Manage and report on team performance, set objectives, and take corrective actions as necessary.
7. Budgeting: Develop and deliver budget plans with guidance from senior colleagues.
8. Document Preparation: Write and edit material tailored to target audiences.
9. Financial Policies, Guidelines, and Protocols: Ensure compliance with regulations and good financial practices.
10. Organizational Capability Building: Identify development needs, plan, and implement actions, including professional development and coaching.

Skills: Accounting, Budget Management, Change Management, Data Compilation, Executing Plans, Financial Acumen, Legal Practices, Management Reporting, Numerical Aptitude, Policies & Procedures, Presenting Solutions, Professional Presentation, Risk Management, Servant Leadership, Underwriting Management

Competencies: Balances Stakeholders, Builds Effective Teams, Business Insight, Communicates Effectively, Ensures Accountability, Financial Acumen, Instills Trust, Manages Ambiguity

Education: NQF Level 9 – Masters

Closing Date: 06 May 2025, 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!