Job Description

Who are we?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 centred on our delivery of Insurance Good and Proper.What will you do?Santam Reinsurance has a Territorial Lead (Senior Reinsurance Underwriter) role available. The role reports to the Cluster Market Head and will be based at the Santam Head Office in Bellville.JOB DESCRIPTIONThe Territorial Lead / Senior Underwriter will be responsible for managing a reinsurance treaty book within one of Santam Reinsurance's existing clusters. The individual needs to have experience in building and managing a portfolio of reinsurance treaties.KEY ACCOUNTABILITIES AND RESPONSIBILITIES WILL INCLUDE:

• Developing, managing and maintaining a reinsurance treaty book in the chosen cluster. 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.
• Extensive market visits to the specific region.
• Detailed meeting capture and strategy development following market visits.
• Understand client objectives and reinsurance needs.
• Ensure that business complies with all regulatory requirements for the respective countries.
• Drive profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks.
• Understanding of contract wordings and able to negotiate on a granular level in compliance with internal guidelines.
• Checking and monitoring accounts, payments and profitability of the book.
• Preparing Underwriting Review for Underwriting Committee.
• Review and manage endorsements and special acceptances.
• Claims 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.
• Maintenance of internal Reports.
• Training and development of team members on areas of expertise and new industry relevant topics

What will make you successful in this role?QUALIFICATIONS, KNOWLEDGE AND EXPERIENCE

• Minimum Requirements:

o Appropriate Bachelor's degree with a significant numerate component (actuarial / stats/ mathematics/commerce.)
o At least 7 years of work experience in reinsurance underwriting and client management
o Experience as a reinsurance senior broker will be considered
o Solid Client and Business Development experience
o Willingness to work over the Christmas and Easter Holiday period
o Willingness to travel internationally

• Advantageous Qualifications, Knowledge and Experience:

o Fluency in an additional language spoken in Europe, China, Taiwan, Hong Kong, India.
o Good understanding of reinsurance principles and concepts
o An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of a reinsurance submission.
o A strong understanding of insurance and related risks
o Reinsurance technical accounting knowledge
o Project Management experienceSKILLS

• Excellent verbal and written communication skills
• Analytical ability
• Advanced numeracy skills
• Ability to work independently with limited supervision
• High stress tolerance
• Ability to work to tight deadlines and under pressure
• Strong negotiation skills
• Team Player
• Ability to work flexible working hours
• Must be pro-active and take ownership of tasks
• Willingness and desire to learn
• Good work ethic
• Ability to multi-task
• Solid interpersonal and relationship building skills
• Good planning and organizing skills
• Time management

Our commitment to transformationSantam is the market leader in the general insurance industry in Southern Africa. As a large, diversified, and expanding company, we are committed to transformation and growth. While our headquarters are in South Africa, we are rapidly extending our presence into emerging markets across Africa and Asia.With a client base of over 1 million policyholders, Santam serves individuals, commercial enterprises, specialist business owners, and institutions-including 80 of the Top 100 companies listed on the JSE. Our commitment to Insurance, Good and Proper goes beyond just providing cover-we offer peace of mind, ensuring our clients can focus on living in the moment, not worrying about the unexpected. Because at Santam, we believe the freedom to seize every day is worth protecting.People drive our business, and we are committed to attracting the best talent, whether for permanent roles or short-term opportunities.Santam is committed to diversity, inclusion, and belonging. As an equal opportunity employer, we encourage applications from candidates of all backgrounds, including persons with disabilities. We are dedicated to neuro-inclusivity and fostering a workplace where everyone can thrive.Take the next step in your career-apply now and be part of a company that's shaping the future of insurance. This is Freedom!The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.

Santam