Senior Technical Underwriter

Six Sense Consulting; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A well-established short-term insurer is seeking a Senior Technical Underwriter to manage corporate and commercial underwriting. The ideal candidate must have 8-10 years of experience in Short Term Insurance, with expertise in risk management and technical underwriting. Responsibilities include developing pricing guides and collaborating with actuarial teams to ensure portfolio profitability. The role is located in Johannesburg, South Africa, offering a dynamic work environment.

Qualifications

• Minimum of 8 years experience in Short Term Insurance.
• 5+ years in a Corporate/Commercial Underwriting position.
• Experience in developing a rating guide for new products.

Responsibilities

• Handle technical underwriting and pricing for corporate clients.
• Suggest underwriting measures and assess risk management efforts.
• Collaborate with actuarial departments and re-insurers.

Skills

Corporate Underwriting

Risk Management

Analytical Skills

Education

NQF level 7 qualification (Business Degree / Advanced Diploma)

Actuarial qualifications

Job description

Overview

A well-established short-term insurer is seeking to appoint a Senior Technical Underwriter.

The purpose of the Senior Technical Underwriter is to handle technical corporate and commercial underwriting and pricing by providing specialist expertise to various stakeholders that include agent insurance, underwriting managers and insurance brokers.

This role involves suggesting underwriting measures and assessing risk management efforts to mitigate losses due to protests, labour disputes and acts of terrorism.

Position Info

Qualifications

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

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.
• Develop a rating guide - including pricing for new products, analysis of risk, scenario modelling, claims history to ensure profitability of the portfolio.
• Analyse claims and premiums which provide input into underwriting pricing and risk management.
• Collaborate with the actuarial department and re-insurers to optimise coverage and reinsurance cost.
• Management of Underwriting Profit.
• Oversee technical issues – queries, client visits, technical support to agent insurers, underwriting managers and brokers.
• Managing the deviations of underwriting.
• Management of Operational Risks and update risk register.
• Implement risk management strategies to mitigate potential losses.

Please note that if you have not received a response within 14 days of submitting your application that your application was unsuccessful.

However, please keep a lookout on our website, for available positions which may be inline with your career aspirations.