Job Description

Manager - UnderwritingMain Purpose of the JobWe are seeking a skilled and experienced Manager to oversee underwriting, reinsurance, policy administration, and portfolio management of our non-life insurance business. This role is crucial in driving the achievement of our organization's financial objectives and ensuring the delivery of high-quality services.Key Performance Areas * Underwriting and Policy Administration

• Make authoritative decisions on technical underwriting and business enhancement solutions to improve performance.
• Develop and maintain underwriting guidelines aligned with the business's risk appetite.
• Create processes to ensure business underwriting meets set standards and rates.
• Review and update policy cover, wording, general terms, and conditions.
• Monitor profitability, analyze claim trends, and assess historical account information.
• Determine renewal terms and provide complete renewal packages to the Sales department.
• Ensure adherence to organizational policies, maintain the underwriting risk policy, and manage the underwriting team.
• Reinsurance

• Structure reinsurance programs for all business lines, prepare annual renewal packs, and oversee reinsurance optimization.
• Maintain accurate reinsurance data, approve facultative reinsurance placements, and foster strong relationships with reinsurance partners.
• Portfolio Management

• Manage the underwriting performance of outsourced and binder mandates, initiate corrective actions, and provide integrated long-term solutions for portfolio management.
• Report on binder holder performance, provide reliable information for decision-making, and ensure compliance with all policies and procedures.
• Product Development

• Develop and implement a product development framework, monitor existing products for gaps, and present new development initiatives for approval.
• Departmental and People Management

Performance Management

• Analyze business plans, set deliverables and targets, conduct performance planning, and reviews, and take corrective actions where necessary.

Capacity Planning

• Determine and secure human resource requirements, achieve employment equity targets, and minimize staff turnover.

Financial Management

• Develop and manage the budget, ensure proper control over expenditure, and manage the division's financial health.

Preferred Minimum Education and Experience

• Honours BCom in Accounting, Finance, Business Management, Risk Management, or Insurance.
• 8-10 years of life and/or short-term insurance underwriting experience.
• 8-10 years of experience with insurance operating systems.

Critical Competencies

• Underwriting and administration
• Maintenance of policies in an operating system
• Quality Assurance
• Good understanding of reinsurance principles

Additional Requirements

• Extended hours as required.
• Travel as required.

If you are a strategic thinker with a strong background in insurance underwriting and reinsurance, and you are passionate about driving business success, we encourage you to apply for this exciting opportunity.

Fempower Personnel