Santam Re, based in Cape Town South Africa and operating globally, presents a company culture that is committed to fostering genuine connections with people.With over 106 years of experience, Santam is Africa's leading general insurance company with a market share exceeding 24% in South Africa. Our reinsurance business, Santam Re leads with a culture and work environment that truly provides meaningful opportunities for personal and professional growth. This is a contributing factor to Santam being recognised this year, and for the fourth consecutive year, as a Top Employer by the Top Employers Institute, the only general insurer in South Africa to achieve this rating.This speaks volumes about our focus on best people practices, as well as our commitment to optimising and improving our business performance by selecting employees who are ready to thrive and perform with purpose.We recruit and invest in people who are driven to make a positive impact in the reinsurance industry; those who believe in collaboration and dedication, passion and performance, and with values and objectives that align to inclusivity and unlimited growth.Profitable growth is key to Santam Re's success, reason why we are intent on further strengthening our actuarial and underwriting expertise which are at the core of our business model. We have built our reputation on being strong in technical analysis, on being able to grasp the nuances of emerging markets, high quality service delivery and in the provision of optimal portfolios that respond to the needs of our brokers and cedents, today and for the future.WHAT WILL YOU DOThe Senior Reinsurance Underwriter is to report to the Chief Underwriting Officer. Applicants must be based in Cape Town, South Africa, or be prepared to relocate. The role also requires some travel.This dynamic role requires a passionate, energetic individual to handle reinsurance pricing activities, tools management and portfolio steering to manage exposure, profitability and growth.WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLEUnderwriting, managing and maintaining a reinsurance treaty book in the chosen territory. This is both a client facing and an underwriting role.Analyzing and working with Client's information.Pricing treaties using internal models.Reviewing Contract Wordings in line with the Underwriting Guidelines.Performing Compliance checks on Contracts and Cedants.Preparing Underwriting Review for Underwriting Committee.Review and manage endorsements and special acceptances.Claims review and approval.Capturing of information on relevant filing system.Responsibility for completeness of all required documents.Maintenance of internal Reports.Training and development of team members on areas of expertise and new industry relevant topics.QUALIFICATION AND EXPERIENCEMaster's degree, Engineering Degree, Law or Actuarial Qualification (FIA, CFA or Actuary) with significant numerate componentAt least 7 years of work experience in the reinsurance, finance, risk management or engineering sectors preferably in underwriting or client managementSolid Client and Business Development experience (at least 7 years of experience)Willingness to work over the Christmas and other holiday periodsWillingness to travel internationallyAdvantageous qualifications, knowledge and experience:7 years' experience in the short term insurance industry/reinsurance environment.Good understanding of reinsurance principles and conceptsAn understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of a reinsurance submission.A strong understanding of insurance and related risksReinsurance technical accounting knowledgeCOMPETENCIESClient focusDrives resultsFlexibility and adaptabilityOrganisational savvyBalancing stakeholdersPlans and alignsOptimises work processesClient service (complaints/queries/investigations/advice)Business acumenPERSONAL SKILLS AND ETHICSSantam Re's people-first approach requires us to make smart decisions as we build on our delivery of reinsurance solutions. We are, therefore, highly driven to present industry-leading teams that are personable, approachable, have strong codes of personal values and ethics, and tolerance for other's beliefs and lifestyles, including their host nation's cultures. Beyond the capabilities and expertise required, the professional Santam Re Senior Reinsurance Underwriter must also present and/or embrace the following:Excellent verbal and written communication skillsAnalytical abilityAdvanced numeracy skillsAbility to work independently with limited supervisionHigh stress toleranceAbility to work to tight deadlines and under pressureStrong negotiation skillsTeam PlayerAbility to work flexible working hoursMust be pro-active and take ownership of tasksWillingness and desire to learnGood work ethicAbility to multi-taskSolid interpersonal and relationship building skillsGood planning and organizing skillsTime managementMentoringConflict management and resolution
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