Reference Number HOL250115-2
Job Title Technical Underwriter
Business Unit Hollard Insure
Department Technical Commercial Underwriting
Job Family Operations - incuding Claims, Policy Servicing, Underwriting and Retentions
Job Type Classification Permanent
Reporting To Technical Underwriting Manager
Number of Positions 0
Location - Town / City Parktown
Location - Province Gauteng
Location - Country South Africa
Job Advert Summary
An exciting new Technical Underwriter opportunity has just become available in our Insure (Technical Commercial Underwriting) team.
Role Objectives
Provide underwriting expertise to the branches and brokers for Commercial Lines Business. Conduct technical underwriting assessments, assist with training for branches when required. Monitor that the branch underwriting complies with the UW guidelines/mandates. Develop underwriting and remediation best practice methodologies, thereby increasing the underwriting capabilities of the branches. Provide Customer focus on a national basis.
Key Responsibilities
UNDERWRITING
- Underwrite/Assess and accept risks outside branch mandates within agreed turnaround times and ensuring business excellence
- Develop and maintain key relationships with Branches, Brokers and other Customers
- Provide branch support for complex quotes/renewals
- Assess branch technical underwriting, provide recommendations, and follow up on amendments required
- Provide training as required or if requested
- Assist branches on underwriting of Asset All Risk policies
- Ensure branch adherence to Commercial Lines Underwriting Guidelines
- Assist in enhancing Commercial Lines wordings and guidelines
- Assist in documenting and supporting IT implementation for policy schedule and wording changes
- Assist in reviewing Policy Wordings for Brokers and Branches
- Assist branches with facultative placements
- Place reinsurance on FAC Facility system
- Monitoring of Facultative reinsurance
- Referral of large risks to Hollard treaty Reinsurers
- Identify training and development needs within branches
- Provision of monthly underwriting reports and other relevant management information as required
- Assist with IT projects such as underwriting system development for new products or existing product changes with the companys internal IT system or that of service providers
- Gain market intelligence: Continuous research on competitor products. Network with peers in the industry to keep abreast of latest insurance trends
- Provision and analysis of market developments to Hollard Insure Team and partners
- Ad-hoc Projects as may be requested by management
- Minimum of 5 years underwriting experience in commercial insurance
- Minimum of 3 years technical underwriting experience in commercial insurance
- Sound knowledge of insurance industry and principles especially Commercial Lines insurance
- Experience in handling complex or large commercial accounts
- Experience in rating the major classes of business
- Knowledge of various policy wordings including but not limited to Business Policies
- Experience in drafting policy documentation (wordings, policy schedules and endorsements)
- Experience in Reinsurance will be an advantage
- Knowledge of S.A. Insurance market and competitors
- Claims knowledge/experience will be an advantage
- Matric
- Advanced Short Term Insurance NQF 5 - or equivalent advantageous with desire to study further
- Maintaining personal development related to CPD and RE (keep up to date with legislative changes in the industry
Hollard is unapologetically committed to creating and enabling a workplace that values your diversity with a true sense of care, dignity and inclusion. We actively seek to hire for your different lived experiences (including, but not limited to disability, race, religion, ethnicity, culture, language and social origin , gender diversity, sexual orientation, neurodiversity). These grounds enhance cognitive diversity and psychological safety in our workplace for everyone.
We proudly promote the Hollard Way we work, which is a combination hybrid work environment at this time. We offer flexibility in our work as far as possible, dependent on the nature of the role. Even if you dont meet all our selection criteria, we encourage you to apply!
