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Senior Technical Underwriter

Senior Technical Underwriter

SasriaJohannesburg, ZA
1 day ago
Job description

Job title : Senior Technical Underwriter

Job Location : Gauteng, Johannesburg

Deadline : October 25, 2025

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Qualifications

  • NQF level 7 qualification (Business Degree / Advanced Diploma or similar in insurance).
  • Actuarial qualifications will be beneficia
  • Experience

  • 8 - 10 years of experience in Short Term Insurance, with minimum 5 years in a Corporate / and or Commercial Underwriting position or risk management of a Short term Insurance Company.
  • Duties and Responsibilities

    Rate development

  • Develop a rating guide - including pricing for new products, analysis of risk, scenario modelling, claims history to ensure profitability of the portfolio.
  • Assess the viability of current and new products by subjecting to actuarial modelling.
  • Analyse claims and premiums which provide input into underwriting pricing and risk management.
  • Report trends as input to budgeting and premiums development.
  • Conduct scenario modelling for reinsurance and capital requirements.
  • Monitor pricing to ensure its competitiveness and viability in the market.
  • Monitor global re-insurance trends and understand their impact on the SA market.
  • Utilise modern underwriting software and data analytics to enhance accuracy and efficiency.
  • Re-insurance Strategy Effectiveness

  • Ensure adequate cover for a catastrophe e.g. large claims and / or accumulation of claims.
  • Collaborate with the actuarial department and re- insurers to optimise coverage and reinsurance cost.
  • Evaluate the coverage provided by re-insurance policies during claim events.
  • Analyse the cost-benefit ratio of re-insurance strategies.
  • Prepare renewals for Sasria treaty.
  • Undertake facultative underwriting if needed.
  • Monitor on an on-going basis the ratings of re-insurance companies.
  • Formulate Sasria’s re-insurance strategy.
  • Meet with re-insurers and discuss their concerns regarding the profitability of this segment of Sasria portfolio.
  • Underwriting Function

  • Develop and review terms and conditions of products annually.
  • Deal with unprofitable corporate accounts and come with innovative ways to implement underwriting measures to lower or eliminate the losses without cancelling the cover for the clients.
  • Management of Underwriting Profit.
  • Oversee technical issues – queries, client visits, technical support to agent insurers, underwriting managers and brokers.
  • Product development to meet the needs of corporate and commercial clients.
  • Establishment of technical underwriting function;
  • Managing the deviations of underwriting
  • Managing the Sasria’s underwriting guidelines
  • Managing underwriting portfolio
  • Training

  • Assume responsibility for provision of technical underwriting related training on behalf of Sasria;
  • Oversee the process of education through various platforms on Sasria products to agent insurers, underwriting managers and brokers, ensuring comprehensive understanding of Sasria’s role in the market (Including national road shows).
  • Sign off on training material (manuals & presentations).
  • Develop exam questions to ensure comprehensive understanding of Sasria products by all stakeholders that sell and administer Sasria products.
  • Risk Management

  • Management of Operational Risks and update risk register.
  • Implement risk management strategies to mitigate potential losses.
  • Strategy Development

  • Participate in the development of a strategy to achieve the objectives of Sasria.
  • Execution of the Underwriting strategy.
  • Contribute in compiling the budget.
  • Exercise control over the departmental budget ensuring expenditure remains within the set parameters.
  • Perform Adhoc tasks

  • Perform any reasonable tasks as and when required by the Line Manager.
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