Portfolio Manager

Sanlam; Sandton; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading financial services company in South Africa is seeking an experienced individual to manage underwriting operations for Mid-Corp Business. The role involves leading a team of underwriters, conducting risk assessments, and ensuring compliance with underwriting standards. The ideal candidate should have 7-10 years of experience in underwriting corporate industrial property and possess strong communication and operational skills. A business degree and qualifications in insurance are advantageous.

Qualifications

• 7-10 years' experience in leading and underwriting mid corporate property segment.
• Comprehensive understanding of insurance legislation.
• Experience with insurance operating systems.

Responsibilities

• Manage underwriting of new and renewal Mid-Corp Business.
• Lead and manage a team of underwriters.
• Conduct risk assessments and implement risk improvement recommendations.

Skills

Administrative Skills

Analysis and Judgement

Attention to Detail

Client Orientation

Communication Skills

Teamwork

Time Management

Broker relationships

Networking Skills

Computer Literacy

Education

Matric

Business Degree

IISA Qualification

Tools

Insurance Operating Systems

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

What will you do?

The primary purpose of this position is for the individual to be responsible for managing the underwriting of new and renewal Mid-Corp Business in Santam corporate property. Leading and effectively managing a team of underwriters. Contribute towards sustaining and growing a profitable book of business

What will make you successful in this role?

Key Functions

Underwriting

• Enhance the SCP brand and foster a corporate culture that promotes sustainable ethical practices.
• Support of all SCP financial and growth objectives.
• Support the marketing endeavours to achieve growth and profitability in line with the Company's objectives and business plan. This includes supporting the Santam Specialist Solutions Growth initiatives.
• Underwriting File Management to support the efficient operation of Risk Administration.
• Maintain Company underwriting standards/disciplines based on required information, including Insured’s Loss Ratio, Risk Concerns, Policy Loss Limits, Deductibles, proposed Wordings, and any other relevant information that may affect renewal terms.
• Risk assessment by analysis of risk management reports, discussion with internal and external risk managers and engineers, and subsequent motivation and implementation of risk improvement recommendations.
• Technical Analysis of and technical discussions and negotiations on policy wordings.
• Implement and negotiate facultative reinsurance within the company's appetite and monitor reinsurance placements / Slips – checking pertinent information.
• Prepare Technical Rating Reviews / Client Risk Profiles / Claims history reviews / Final Checklist for completion of renewals.
• Participate in broker visits, insurance industry functions, and marketing events in support of broker relationship development.
• Consult with management regarding unique or unusual risks to minimize adverse risk selection and to maintain the quality and profitability of the portfolio and refer risks outside the established authority levels.
• Maintain knowledge of industry trends, developments, and regulatory changes, including competitive analysis and information.
• Ensure the team complies with all relevant terms and conditions of the binder and mandate.

Ad Hoc Functions:

• Support Executive Head: Underwriting and Risk
• Prepare Exco Reports
• Regular Staff performance management and reporting
• Other ad hoc functions in assisting the department

Qualifications & Experience

• Non-negotiable minimum 7-10 years’ experience in leading and underwriting the mid property corporate industrial property segment
• Matric
• A business degree will be beneficial
• 7+ years’ mid corporate property experience
• IISA Qualification and/or equivalent professional qualification
• Successful completion of RE Examination
• Comprehensive understanding of insurance legislation
• Must have experience with insurance operating systems

Skills

• Administrative Skills
• Analysis and Judgement
• GREAT Attention to Detail
• Client Orientation
• Communication Skills
• Initiative
• Teamwork
• Time Management and working under significant pressure
• Broker relationships
• Working knowledge of and previous interaction with African and South African retail and reinsurance brokers, reinsurers, and clients
• Strong networking skills with national and international brokers/reinsurance brokers
• Track record for handling high-pressure work environments
• Computer Literacy
• Strong Communication Skills (Internal & external)
• Competent user of Excel, Word, Outlook, and other Microsoft platforms.

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