SUMMARY:
Reinsurance Underwriter
POSITION INFO:
Reinsurance Underwriter
Cape Town
Responsible for the development and administration of a reinsurance treaty book within one of the geographic regions and for a range of classes of business allowed within the underwriting mandates.
Manage and maintain a reinsurance treaty book in the chosen territory. This is a front line job requiring the development and generation of business as well as the running of the analytics and accounting of the book.
Drive profitability and growth in the territory according to annual premium volume, profitability and volatility benchmarks.
Building and maintaining reinsurance broker and client relationships for both existing business and potential business.
Pricing and underwriting the reinsurance treaties using a range of actuarial and softer methods as well as checking and writing reinsurance contracts.
Checking and monitoring accounts, payments and profitability of the book.
Minimum Requirements:
Undergraduate degree preferably in a science or numerate discipline.
3-5 years’ of work experience preferably in the finance, risk management or engineering sectors.
Proficient in Microsoft Excel , MS Word and PowerPoint
Willingness to work over the Christmas and Easter Holiday period
Willingness to travel internationally
Advantageous Qualifications, Knowledge and Experience:
Master’s degree, Actuarial Degree/similar or CFA.
3-5 years’ experience in the short term insurance industry/reinsurance environment.
An understanding of reinsurance wordings, reinsurance markets and the end to end analysis of a reinsurance submission. Good understanding of reinsurance principles and concepts
Reinsurance technical accounting knowledge
A strong understanding of insurance and related risks
Excellent verbal and written communication skills
Ability to write contract wording
Advanced numeracy skills
Ability to work independently with limited supervision
High stress tolerance
Strong negotiation skills
Team Player
Ability to work flexible working hours
Ability to multi-task
Solid interpersonal and relationship building skills
Good planning and organizing skills
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