Senior Engineering Underwriter

Company

Munich Re

Location

Johannesburg , South Africa

Career Level 4

We are looking for a Senior Engineering Facultative Underwriter for our Engineering Facultative Team reporting to the Head of Facultative Underwriting. The Facultative Team is responsible for underwriting and ensuring the profitability of the single-risk facultative reinsurance portfolio for Property, Engineering, and Casualty risks in South Africa and Sub-Saharan Africa.

Your Role:

• Develop a sustainable book of facultative engineering business within the markets of Sub-Saharan Africa, including assessing the risks, evaluating and providing reinsurance terms and conditions following the applicable underwriting authority, underwriting guidelines, internal directives
• Drive and shape the portfolio following the applicable portfolio targets and client strategies
• Develop new business through senior and strategic relationships vis-a-vis clients and brokers, both local and international
• Provide support to Operational Management and technical / mentorship of the engineering team and junior staff members
• Provide advice to Treaty Underwriters
• Organize and conduct seminars/workshops for clients and internal staff, providing clients with value-added services
• Organize and conduct surveys of large/complex engineering risks for clients, including preparing internal and external reports (if required)
• Execute portfolio performance and market analysis
• Maintain and expand technical and market know-how for all stakeholders
  
  
  

Your profile:

• BSC Engineering, plus 5 years practical field experience
• Minimum of 10 years professional experience in Engineering (re)insurance with sound technical underwriting abilities and know-how.
• French language knowledge preferred
• Preparedness to travel with a passion for conducting business in Sub Sahara Africa.
• Capabilities and passion to conduct and solicit business opportunities.
  
  
  

Our Benefits

• Life and Health Benefits
• Retirement Benefits
• Hybrid working environment
• Bonus Scheme
• Employee Assistance Program
• Global Mobility
  
  
  

At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation of our open culture and spirit of partnership. It shapes how our teams are built and cultivated and how we are supported and developed. And at the center of this interaction is each of us.

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