Job Description

We have an exciting opportunity for a Financial Lines Underwriter within our Santam Specialist Solutions division based in Illovo, Sandton.What will make you successful in this role? To provide specialist legal and underwriting knowledge in respect of the Financial Lines portfolio (which incorporates Directors and Officers, Crime and Civil Liability classes, including Commercial Crime, Trustees and Private Equity Management Liability insurance). Key responsibilities of a Financial Lines Underwriter are:Examine insurance proposal for new and renewal business, gathering and assessing background and supporting information and providing views and analysis on the risk/account.Attending to conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing/negotiating risks with the broker in order to effectively win or renew the risk.Evaluate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.Quote within designated authority levels and refer the account where necessary in accordance with company policy and technical guidelines.Monitor portfolio performance and ensure that renewals, new business, lost business and cancellative reserve are tracked and actioned.Set accurate, realistic premium forecasts and draft financial reporting as required in a timely manner to enable management to set budgets and monitor performance targets for your own portfolio of accounts and as a contribution to the team portfolio.Be able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.Accurately enter data into company systems/portals and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio.