Underwriter (6 months FTC)

Sanlam Limited; Cape Town; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading insurance provider in Cape Town is seeking an Underwriter for a 6-month fixed-term position. The ideal candidate will manage a portfolio of brokers and provide effective personal lines underwriting services. Key responsibilities include underwriting policies, conducting risk assessments, handling new business and renewals, and maintaining accurate documentation. Applicants should have at least 2 years of experience in personal lines underwriting, a Matric certificate, and FAIS compliance. This role offers a chance to work in a diverse and committed environment.

Qualifications

• Minimum of 1 year administrative experience is required.
• At least 2 years’ experience in personal lines underwriting is essential.

Responsibilities

• Underwrites policies according to the underwriting guidelines.
• Conducts risk assessments and decides to accept or decline risk.
• Rates policies in keeping with underwriting guidelines.
• Handles new business, renewals, endorsements, and quotes.

Skills

Risk assessment

Policy underwriting

Client portfolio analysis

Attention to detail

Team collaboration

Education

Matric (Grade 12)

Regulatory Examination Level 5 (RE5)

FAIS compliance

Job description

Vantage, a division of Santam Insurance, has a 6-month fixed-term opportunity for an Underwriter based in Cape Town.

WHAT WILL YOU DO?

The successful candidate will be expected to attend and manage all aspects related to a portfolio of brokers.Provide all stakeholders with effective and efficient personal lines underwriting services according to therequires standards and procedures to retain existing clients and secure new business in the support of thebusiness strategy.

WHAT WILL MAKE YOU SUCCESSFUL IN THIS ROLE?

Duties and responsibilities:

• Underwrites policies according to the underwriting guidelines
• Conduct risk assessments and decide to accept or decline risk
• Rate policies in keeping with underwriting guidelines
• General enquiries such as but not limited to cover, products, processes etc.
• New business, renewals, endorsements and quotes
• Request, obtain and/or provide brokers with all required information and/or documents
• Analyse client's portfolio
• Apply effective renewal terms and corrective action on completed or unprofitable policies
• File all relevant documentation electronically
• Cancellations (Follow retention processes)
• Refunds and Raise invoices
• Adhere to company mandates
• Participate and contribute in ad hoc projects
• Report any suspected fraud , misrepresentation and/or dishonesty
• Keep accurate record of own activities

QUALIFICATIONS AND EXPERIENCE

• Matric (Grade 12)
• FAIS compliant
• Regulatory Examination Level 5 (RE5)
• Minimum of 1 year administrative experience
• At least 2 years’ experience in personal lines underwriting

PERSONAL ATTRIBUTES

• Friendly disposition
• Team player

WHO WE ARE

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia.

Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We’re about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees.

At Santam we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.