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Position Title: Underwriter

Job Summary Statement/Purpose:
The Underwriter will perform underwriting administration tasks and assist in the implementation of underwriting rules and regulations.

Current Status: Active

Contract Type: Permanent

Closing Date: June 25, 2021

Click here to apply

Qualifying Criteria

1. Underwriting Function
• Completion of quotations for WRAP cover with follow through to binding of coupons.
• Reviewing terms and conditions of products on an ongoing basis.
• Reviewing rates annually.
• Assist with documentation related to the underwriting plan.
• Collating research on new products.
• Updating of wordings and regulations.
• Updating Excess of Loss information/ details.
• Liaise with Finance department to ensure that Excess of Loss premium balances to the Insurance Management System (IMS).
• Assist with the preparation of monthly underwriting reports for the Executive Manager.
• Handle queries and provide technical assistance to our brokers and Agents.
• Support the underwriting department in conducting market research.
• Review our regulations and policy wordings to ensure they remain relevant and up to date.

2. Re-insurance function
• Assist in the preparation of Sasria treaty renewals.
• Assist with preparing treaty renewal data.
• Assist with the gathering of data as requested by the Actuarial department.

3. Training
• Support Underwriting specialist in providing education through various. platforms on Sasria’s products to clients/agents, ensuring basic understanding of Sasria’s role in the market.
• Updating of training materials.
• Updating and maintaining the underwriting library.

4. Perform ad hoc tasks
• Perform any reasonable tasks as and when required by the Line Manager.

• Minimum of an IISA qualification (or studying towards).
• RE 5.
• Tertiary qualification advantageous.
• Minimum of 4 years of experience in a similar role in a short-term insurance company.

• Sound knowledge of underwriting at portfolio and company level.
• Knowledge of the short-term products.
• Understanding Sasria regulations, policy wordings and procedures.
• Good knowledge of insurance related regulations.
• Good knowledge of Sasria product offering.

• Administration
• Business awareness
• Business writing
• Communication
• Analytical thinking
• Critical thinking
• Customer service
• Information gathering
• Interpersonal skills
• Telephone etiquette
• Time management

• Managing relationships
• Analysing information
• Adopting practical approaches
• Communicating clearly
• Teamwork
• Handling conflict
• Customer centricity
• Upholding standards
• Managing Risk
• Managing work

  • A South African citizen of any gender, preference will be given to an EE candidate
  • The role will be in Illovo, Johannesburg