Technical Underwriter

To apply, click on the link at the end of the posts and all the best with your applications.

Closing Date	2025/01/31
Reference Number	SAS250117-1
Job Title	Technical Underwriter
Job Type	Permanent
Division	Insurance Operations
Department	Strategy and Underwriting
EE Occupational Levels	Level 4 & 5: Skilled, Technical and Academically Qualified
Location – Town / City	Sandton
Location – Province	Gauteng
Location – Country	South Africa

Job Advert Summary

The Technical Underwriter will perform technical underwriting tasks and participate in the implementation of underwriting terms and conditions for policy holders and implementation of rules and regulations for our distribution channel.

Minimum Requirements

Minimum Qualifications:

• Higher Certificate in Short-term Insurance
• RE 5
• Advantageous Tertiary qualification (Bcom degree or similar)

Minimum Experience:

• 5 – 7 years’ experience in Short term Insurance – Technical underwriting (commercial and or corporate). Portfolio management advantageous

Please note that preference will be given to people with disabilities.

Duties and Responsibilities

1. Strategic Alignment

• Contribute towards the development of the company’s strategic plans.
• Contribute in the development and drive of the divisional strategy.
• Participate in Updating of policy wordings and regulations.
• Conduct market analysis in order to analyse industry needs and contribute towards the enhancement of existing products.
• Implement departmental policies and procedures

2. Rate development

• Partner with Actuarial function on pricing for new products, analysis of risk, to ensure that products are priced correctly.
• Analyse claims and premiums trends which provide input into underwriting pricing and risk.

3. Underwriting function

• Review terms and conditions of products annually to ensure they remain relevant and up to date.
• Conducting GAP analyses of our rules and regulations to ensure they remain relevant and up to date.
• Handle queries and provide technical assistance to our brokers and Agents through visits.
• Review rates annually, ensuring competitiveness and viability of the product.
• Conduct research on possible new products and enhancement to existing products.
• Continuously review product information on our website to ensure remains up to date and relevant.
• Monitor and report on the loss ratio movement per class of business.
• Monitor and apply corrective measures on multi claimants.
• Participate in monthly operations reporting on financial and operations.

4. Training function

• Provide education through various platforms on Sasria products to clients/agents, ensuring basic understanding of Sasria’s role in the market.
• Review and compiling of training material (manuals & presentations).
• Conduct national road shows on Sasria products.
• Continuously review product information to ensure its relevance.
• Dissemination of product information to the market.

5. Risk Management

• Identifying Risks and Emerging Risks.
• Establish required controls to mitigate operational risks.

6. Financial

• Contribute in compiling budgetary requirements.
• Control the departmental budget ensuring expenditure remains within the set parameters.
• Perform any reasonable tasks as and when required by the Line Manager.

7. Perform ad hoc tasks

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

Click here to apply

We wish you all the best with your applications