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SOUTH AFRICAN SPECIAL RISK INSURANCE ASSOCIATION (SASRIA)
 
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: October 1, 2021
 
Click here to apply
 
 
Qualifying Criteria
Key Performance Areas (Duties & Responsibilities):
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.
 
Qualifications & Experience:
• Minimum of an IISA qualification (or studying towards).
• RE 5.
• Tertiary qualification advantageous.
• Minimum of 4 years experience in a similar role in a short-term insurance company.
 
Knowledge:
• 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.
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Technical Skills:
• Administration.
• Business awareness.
• Business writing.
• Communication.
• Analytical thinking.
• Critical thinking.
• Customer service.
• Information gathering.
• Interpersonal skills.
• Telephone etiquette.
• Time management.
 
Attributes and Values:
• Administration.
• Analytical thinking.
• Business Writing.
• Claims Management.
• Customer service.
• Communication.
• Interpersonal skills.
• Liability analysis.
 
Demographics:
  • A South African citizen of any gender, preference will be given to an EE candidate
 
Location of the role:
  • The role will be in Illovo, Johannesburg