01Key Responsibilities
- Underwrite Property Facultative Reinsurance risks in accordance with Santam's underwriting guidelines and delegated authority limits.- Analyse underwriting submissions, including risk information, claims history, engineering reports, financial information, and policy wordings.- Assess natural catastrophe (CAT) exposures and portfolio accumulations.- Price risks and prepare underwriting recommendations.- Negotiate terms, conditions, and pricing with brokers and cedants.- Develop and maintain strong relationships with brokers, cedants, and business partners.- Support business development initiatives and identify new underwriting opportunities.- Monitor portfolio performance, profitability, and exposure management.- Ensure compliance with IFSCA regulations, internal governance standards, and underwriting guidelines.- Work closely with underwriting, actuarial, claims, finance, and operations teams.- Prepare underwriting reports and management information for portfolio monitoring.Qualifications & Experience:- 8-10 years of experience in Property Reinsurance Underwriting, preferably in Facultative Reinsurance.- Experience with an international reinsurer, Lloyd's syndicate, or a global insurance/reinsurance organisation will be highly preferred.- Strong technical underwriting and risk assessment skills.- Sound understanding of industrial occupancies, engineering risks, natural catastrophe exposures, and policy wordings.- Excellent negotiation, communication, and relationship management skills.- Robust analytical and decision-making abilities.- Self-motivated with the ability to work independently in a dynamic and entrepreneurial environment.- Bachelor's degree in Engineering, Commerce, Finance, Insurance, or a related discipline.- Professional qualifications such as FIII, ACII, CPCU, or equivalent will be an added advantage.Skills:- Property Facultative Reinsurance Underwriting- CAT Exposure and accumulation management- Technical risk analysis and pricing- Financial analysis- Broker and cedant relationship management- Excellent written and verbal communication- Proficiency in Microsoft Excel, PowerPoint, and underwriting systems .
