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SOUTH AFRICAN SPECIAL RISK INSURANCE ASSOCIATION (SASRIA)
 
Position Title: Underwriting Manager
 
JOB SUMMARY STATEMENT/PURPOSE:
Assume overall accountability for all technical and operational underwriting functions and results within the organisation.
 
CONTRACT TYPE: Permanent
 
CLOSING DATE: December 31, 2020
 
Click here to apply
 
 
Qualifying Criteria
 
Key Performance Areas (Duties & Responsibilities):
 
1. Rate Implementation
• Monitor pricing to ensure its competitiveness and viability in the market.
• Ensure the rate indications are materialized within the market.
• Application of correct rates within XOL programme as per delegated authority.
 
2. Underwriting Function
• Review terms and conditions of products annually and provide recommendations to Technical Underwriting Manager.
• Review multi-claimant accounts and make recommendation i.t.o. corrective actions to be taken.
• Oversee operational issues – queries, client visits, technical support to agents.
• Ensure adherence of underwriting team to all relevant policies.
• Develop; maintain and implementation of the Underwriting procedures and processes.
• Ensure adherence to Underwriting wording and regulations.
 
 
3. Training
• Assume overall responsibility for underwriting related training on behalf of Sasria.
• Oversee the process of education through various platforms on Sasria products to clients/agents, ensuring basic understanding of Sasria’s role in the market (Including national road shows).
• Prepare all training material (manuals & presentations).
 
4. Risk Management
• Manage insurance operational risk as per governance framework.
 
5. Strategy Development
• Participate in the development of a strategy to achieve the objectives of Sasria.
• Execution of the departmental strategy.
• Contribute in compiling budgetary requirements.
• Control the operational departmental budget ensuring expenditure remains within the set parameters.
 
6. People Management
• Manage performance of direct reports.
• Ensure that annual performance objectives are set and understood by team members in the department.
• Ensure agreement of annual goals, measuring performance against agreed goals.
• Talent Management of direct reports, development areas identified and career development plans and paths in place for team members.
• Ensure that the working environment contributes to improving staff morale and increasing productivity.
• Develop Individual & Team Competence.
• Ensure that all staff are trained, skilled and that their expertise is fully applied.
• Ensure that working environment contributes improving staff morale and increased productivity.
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Qualifications & Experience:
• Matric.
• Tertiary qualification
• BCom degree
• Insurance related qualification
• RE5
• 5 – 8 years of experience in an Underwriting position of Short-Term Insurance.
 
Knowledge:
• Sound knowledge of underwriting.
• Exposure to actuarial modelling.
• Basic understand scientific modelling underpinning the analysis and research of products.
• Understanding of the business context within which Sasria operates – local, African and global markets, and the related social and political landscapes.
• Business principles.
• Insurance principles.
• People management.
 
Technical Skills:
• Planning and Organising.
• Excellent writing and reporting skills.
• Networking and negotiations skills.
• Computer skills.
• Research skills.
• Excellent analytical skills.
 
Demographics:
A South African citizen of any gender, preference will be given to an EE candidate.
 
Location:
The role will be located in Illovo, Johannesburg.