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20 Nov 2024

Permanent Underwriter : Professional Indemnity – Sanlam Vacancies

Sanlam – Posted by JobLink24 Sandton, Gauteng, South Africa

Job Description

Sanlam Vacancies – Underwriter: Professional Indemnity

What You Will Do:
As an Underwriter: Professional Indemnity, you will be responsible for underwriting and managing a portfolio of existing and new business. Your core duties will include:

  • Underwriting:
    • Underwrite and manage a diverse portfolio, ensuring all underwriting tasks are effectively carried out, including risk evaluation, pricing determination, and claims analysis.
    • Conduct detailed coverage and exposure analysis and provide reviews of policy wording.
    • Assess and understand loss ratios and claim trends to inform underwriting decisions.
    • Ensure adherence to the authority matrix, departmental protocols, and procedures.
    • Provide detailed explanations regarding changes to terms or underwriting stance, ensuring clear communication with relevant parties.
  • Marketing and Client Liaison:
    • Visit brokers to discuss renewals, new business, and develop lasting relationships.
    • Provide market intelligence feedback to help inform business strategies and decisions.
    • Respond to internal and external client queries, ensuring satisfactory resolution within the scope of authority.
  • Financial Responsibilities:
    • Manage a book of business in line with budget objectives.
    • Monitor renewals, lapsed policies, and new business, providing monthly reports.
    • Ensure the maintenance of a 2.5% Cancellation Reserve.
  • Strategic Input:
    • Offer strategic input to improve and enhance business performance when required.
  • General Administration:
    • Follow up on quotations, renewals, and assist with the preparation of policy documentation.
    • Handle account queries and assist with credit control when necessary.
    • Perform daily administrative tasks in accordance with organizational standards.

What Will Make You Successful in This Role:
To succeed in the role of Underwriter: Professional Indemnity, you should demonstrate:

  • Experience and Qualifications:
    • A minimum of 5+ years experience in short-term insurance, with a focus on casualty lines of insurance or commercial underwriting.
    • Proven technical underwriting experience.
    • Matric certificate, with an appropriate tertiary qualification in insurance or risk management preferred.
    • FAIS compliance is advantageous.
  • Key Skills:
    • Strong administrative skills and attention to detail.
    • Excellent analytical and judgment capabilities.
    • Strong client orientation with excellent communication and negotiation skills.
    • Initiative and ability to manage work and delegate tasks efficiently.
    • Teamwork and collaboration skills.
    • High levels of time management and the ability to handle high volumes of work under pressure.
    • Financial acumen and the ability to assess risks and make informed decisions.
    • Strong computer literacy and the ability to work with relevant systems and tools.

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