Senior Technical Underwriter

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

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The candidate will be responsible for:

The underwriting functions in respect of all Guardrisk divisions and assisting in the oversight of the underwriting practice performed at Underwriting Managers (UMA) and Non-Mandated Intermediary (NMI) Binder Holders.

Issuing of wordings and assisting in the structure of the First Party solutions namely:

• Rent a captives
• Cell captives
• Mining Rehabilitation guarantee

120 FAIS Credits (NQF Level 5)

10 years commercial and corporate underwriting experience in an Insurance Company or intermediary

Insurance qualification

RE5 Short Term (Commercial and Personal Lines)

Knowledge of Sasria and Sasria regulations

Providing technical underwriting expertise and support to product owners, UMA’s, binder holders and portfolio managers

Ensuring that 100% Reinsurance deals are managed and controlled

Monitoring the underwriting performance of the various cell, binder and UMA facilities through close collaboration with GR Actuarial

Developing / reviewing rating guidelines for the UMA’s and NMI binder holders

Performing Due Diligence on New Business prospects prior to binder, UMA or cell acceptance

Performing client reviews as per the review programme

Assisting in development of new products and the revision of existing ones

Reviewing and drafting new policy wordings as required

Reviewing and ensuring that policies are issued in accordance with the reinsurance slips for all 100% reinsurance deals

Ensuring compliance with all legislative and licensing requirements

Special projects

Collaboration with compliance areas

Issue SASRIA coupons and ensure SASRIA processes are complied with

Planning and organising

Good communication skills

Numerical skills

Initiative

Building relationships

Ability to work independently

Excellent practical knowledge of short-term technical underwriting and wordings