Job Description
What will you do?
What will you do?
Santam Reinsurance has a Reinsurance Underwriter role available. The role reports to the Territorial Lead:Reinsurance Underwriting and will be based at the Santam Head Office in Bellville.
The Reinsurance Underwriter will be responsible for underwriting and managing a reinsurance treaty book within one of Santam Reinsurance’s existing geographical regions.
KEY ACCOUNTABILITIES AND RESPONSIBILITIES WILL INCLUDE:
• Developing, managing and maintaining a reinsurance treaty book in the chosen territory. This is both, a client facing role and an analytics and accounting role in conjunction with the Pricing team.
• Building and maintaining reinsurance broker and client relationships for both existing business and potential business.
• Reviewing pricing and underwriting the reinsurance treaties using a range of actuarial and softer methods wordings
• Understanding of contract wordings and able to negotiate on a granular level in compliance with internal guidelines.
• Detailed meeting capture following market visits
• Checking and monitoring accounts, payments and profitability of the book.
• Drive profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks.
• Preparing Underwriting Review for Underwriting Committee.
• Review and submit endorsements and special acceptances for review and approval
• Capturing of information on relevant system.
• Responsibility for completeness of all required documents and adherence to the Underwriting Guidelines and Standard Operating Procedures.