Senior Commercial Underwriter (GGI) needed at Momentum Metropolitan Holdings Limited

Requirements

• Bachelor’s degree and/or equivalent NQF Level 7 qualification in commercial insurance
• FAIS compliant
• RE5 Short Term (Commercial and Personal Lines)
• At least 7 – 10 years’ experience in commercial underwriting
• At least 7 – 10 years’ experience leading a team of specialist underwriters and / or portfolio managers
• Technical knowledge on the underwriting of Non-Motor and Motor Commercial risks

Duties & Responsibilities

• Review and update of Company Underwriting manual /guide
• Continuous development of a risk-commensurate rating guide
• Technical underwriting of new and renewal business on Commercial Risks
• Ensuring that risks are written within the company’s risk appetite and complies within the reinsurance/underwriting treaties and internal mandates
• Facultative placements
• Basic system operating knowledge essential
• Manage- Renewal process, (analysis of claims history, risk profile and renewal terms)
• Credit control
• Adequate underwriting action to correct underperforming clients such as increasing premiums, excess payments, deductibles and or terminate relationship
• Risk Survey process (survey requests, analysis, requirements, and implementation
• Maintain an acceptable portfolio loss ratio
• Build & Maintain policy wordings and ensure that the product remains competitive with market offering and amended regularly in line with re-insurance treaty specifications
• Develop and maintain exemplary broker service relationships
• Provide input into building and designing various aspects of the products on a designated system
• Providing brokers with advice, oversee broker queries, complaints, and problems
• Conducting product training to brokers
• Do broker visits with a view on growing the Commercial Product footprint, including the overall footprint of the
• Adhere to all aspects set out as per Commercial Standard Operating Procedures
• Conduct technical underwriting audits
• Assist with Audit process on existing policies, new business and renewals within delegated authorities, binders, and outsourced agreements  
• Assist with Audit process as requested by Outsourced Authorized Auditors
• Assist with due diligence process on potential book take-overs
• Resolve escalated technical queries and referrals within prescribed SLA’s
• Assist underwriting team with referral risks/mentoring and product training
• Staff leadership, management within various divisions
• Conducting product training to brokers
• Maintain, monitor and continually improve service levels
• Build and maintain internal and external relationships with all key stakeholders
• Design & deliver product solutions to meet the client’s needs
• Refer problems to relevant department, where necessary
• Assist and with problems and/or complaints where necessary
• Feedback evolving client needs and industry trends to business
• Suggest new products and or product enhancements to address changing client needs
• Ensure competitive pricing structure while maintaining loss ratio’s
• Take adequate underwriting action to correct underperforming clients such as increasing premiums, excess payments, deductables and or terminate relationship