Specialist Liability Underwriting Manager
Location: Gauteng, Johannesburg
Time Type: Full Time
Posted On: Posted Yesterday
Time Left to Apply: End Date: November 20, 2024 (12 days left to apply)
Job Purpose
Design, implement and manage a technical underwriting framework for the Specialist Liability division that fosters superior risk selection, streamlined processing, loss ratio management and underwriting profitability. Responsible for overseeing the operational support for the division.
Responsibilities
- Underwriting: Make authoritative decisions about technical or professional underwriting and business enhancement solutions that would significantly improve business performance. Introduce underwriting rules on the acceptance of business. Resolve escalated underwriting complaints and opinions on claims. Build, maintain and improve risk acceptance and underwriting guidelines as well as business rules and oversee the implementation thereof in the operational environment. Manage delegation of underwriting authority.
- Product & Solution Development: Manage a medium-sized product development or specialist team. Ensure alignment with customer requirements. Review and enhance Liability products accordingly. Undertake market opportunity assessment for Liabilities products and comparative analysis on key competitors’ products.
- Risk Management & Analysis: Evaluate individual risks for acceptance where potential high risk scenarios exist. Determine underwriting processes and minimum risk acceptance criteria for Liability Products. Assist with audits as required.
- Underwriting Policy Development & Implementation: Develop functional and operational policies for the Specialist Liabilities Department. Monitor adherence to underwriting policy and set business rules.
- Operational Compliance: Monitor and review performance and behaviors to identify and resolve non-compliance with the organization's policies and relevant regulatory codes. Undertake technical underwriting audits.
- Performance Management: Monitor the performance of the team supporting the Specialist Liabilities Division; allocate work and review completion.
- Insights and Reporting: Prepare and coordinate the completion of complex reports, identifying and interpreting patterns and trends.
- Stakeholder Engagement: Develop stakeholder engagement through identifying stakeholders and their needs/issues/concerns.
- Organizational Capability Building: Use the organization's formal development framework to identify the team's individual development needs.
Education
- Grade 12/ SAQA Accredited Equivalent (Essential)
- Relevant Degree in Business Management/ BCom or equivalent (Essential)
- FAIS & RE5 (Essential)
- IISA or accreditation in Insurance or equivalent (Advantageous)
- Key Individual Accreditation (Advantageous)
- Diploma in Risk Management/Insurance or similar (Advantageous)
Experience
- 5 - 7 years experience in Specialist Liabilities underwriting (Essential)
- 5-7 years experience in Short-term insurance industry - general commercial underwriting experience (Advantageous)
Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.
Telesure Investment Holdings
Our Work Experience is the combination of everything that’s unique about our culture, our core values, our company meetings, our commitment to success, our recognition programs, but most importantly, it’s our people. Our employees are self-disciplined, hardworking, curious, trustworthy, humble and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in our area.
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