Senior Technical Underwriter

Sasria; Johannesburg; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A leading insurance provider is seeking a Senior Technical Underwriter in Johannesburg, Gauteng. This role requires 8-10 years of experience in Short Term Insurance and strong risk management skills. The ideal candidate will develop rating guides, monitor re-insurance strategies, and lead training initiatives. Apply for a chance to shape underwriting practices in the insurance sector.

Qualifications

• Minimum 8-10 years of experience in Short Term Insurance.
• At least 5 years in a Corporate or Commercial Underwriting position.
• Actuarial qualifications are beneficial.

Responsibilities

• Develop a rating guide for pricing and risk analysis.
• Monitor re-insurance strategies and effectiveness.
• Manage operational risks and implement mitigation strategies.

Skills

Short Term Insurance expertise

Risk management

Actuarial modelling

Education

NQF level 7 qualification (Business Degree / Advanced Diploma)

Tools

Modern underwriting software

Data analytics

Job description

Job title : Senior Technical Underwriter

Job Location : Gauteng, Johannesburg

Deadline : October 25, 2025

Qualifications

• NQF level 7 qualification (Business Degree / Advanced Diploma or similar in insurance).
• Actuarial qualifications will be beneficia

Experience

• 8 - 10 years of experience in Short Term Insurance, with minimum 5 years in a Corporate / and or Commercial Underwriting position or risk management of a Short term Insurance Company.

Duties and Responsibilities

Rate development

• Develop a rating guide - including pricing for new products, analysis of risk, scenario modelling, claims history to ensure profitability of the portfolio.
• Assess the viability of current and new products by subjecting to actuarial modelling.
• Analyse claims and premiums which provide input into underwriting pricing and risk management.
• Report trends as input to budgeting and premiums development.
• Conduct scenario modelling for reinsurance and capital requirements.
• Monitor pricing to ensure its competitiveness and viability in the market.
• Monitor global re-insurance trends and understand their impact on the SA market.
• Utilise modern underwriting software and data analytics to enhance accuracy and efficiency.

Re-insurance Strategy Effectiveness

• Ensure adequate cover for a catastrophe e.g. large claims and / or accumulation of claims.
• Collaborate with the actuarial department and re- insurers to optimise coverage and reinsurance cost.
• Evaluate the coverage provided by re-insurance policies during claim events.
• Analyse the cost-benefit ratio of re-insurance strategies.
• Prepare renewals for Sasria treaty.
• Undertake facultative underwriting if needed.
• Monitor on an on-going basis the ratings of re-insurance companies.
• Formulate Sasria’s re-insurance strategy.
• Meet with re-insurers and discuss their concerns regarding the profitability of this segment of Sasria portfolio.

Underwriting Function

• Develop and review terms and conditions of products annually.
• Deal with unprofitable corporate accounts and come with innovative ways to implement underwriting measures to lower or eliminate the losses without cancelling the cover for the clients.
• Management of Underwriting Profit.
• Oversee technical issues – queries, client visits, technical support to agent insurers, underwriting managers and brokers.
• Product development to meet the needs of corporate and commercial clients.
• Establishment of technical underwriting function;
• Managing the deviations of underwriting
• Managing the Sasria’s underwriting guidelines
• Managing underwriting portfolio

Training

• Assume responsibility for provision of technical underwriting related training on behalf of Sasria;
• Oversee the process of education through various platforms on Sasria products to agent insurers, underwriting managersand brokers, ensuring comprehensive understanding of Sasria’s role in the market (Including national road shows).
• Sign off on training material (manuals & presentations).
• Develop exam questions to ensure comprehensive understanding of Sasria products by all stakeholders that sell and administer Sasria products.

Risk Management

• Management of Operational Risks and update risk register.
• Implement risk management strategies to mitigate potential losses.

Strategy Development

• Participate in the development of a strategy to achieve the objectives of Sasria.
• Execution of the Underwriting strategy.
• Contribute in compiling the budget.
• Exercise control over the departmental budget ensuring expenditure remains within the set parameters.

Perform Adhoc tasks

• Perform any reasonable tasks as and when required by the Line Manager.
• Insurance jobs