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:
- 810 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.
- Strong analytical and decision-making abilities.
- Self-motivated with the ability to work independently in a dynamic and entrepreneurial workplace.
- 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 .
