Underwriter - Africa Desk

Hello… An exciting new opportunity has become available within iTOO.

We are looking to recruit an Underwriter - Africa Desk.

Role Objectives

• Training and development of local partners and key channel partners
• Establish in-country Partnership and relationships in various African markets
• Market and develop specialist risks products in the various markets – including sales strategies
• Underwrite all Specialist Risks, within the set standards required by the company thus contributing to the productivity of the underwriting department as set out
• Co-ordination of complex risks above mandate into iTOO Product Experts
• Ensure detailed reports are executed – risk and financial reporting
• Enhancing the image of the company through the continuous delivery of efficient and effective customer service
• Reinsurance - Co-ordinate treaty placements and Inwards / Outwards Facultative Business
• Co-ordinate claims process and service
• Support with the establishment of company joint ventures

Key Responsibilities

• Underwrite specific classes of business currently offered by the company.
• Adhere to individual underwriting mandates and iTOO guidelines to ensure responsible underwriting and profitability of their portfolio.
• Approve risk selection within the boundaries of the specific product line. Quote, accept and renew risks within the agreed guidelines of the service level agreement and within delegated mandates.
• Combination of both internal and external relationship development on specialist liability products and services to brokers in the market.
• Re-underwrite renewals to ensure organic growth and maintain profitability of portfolio.
• Develop and maintain effective business relationships brokers in order to attract, develop and retain profitable business – local, Multinational and Local African Brokers.
• Ensure all technical aspects and administrative functions of underwriting are adhered to.
• Train and mentor, the local teams and brokers on identified product lines.
• To assist in placing risks that fall outside of the scope of our treaty reinsurance, into other markets locally and overseas.
• Develop Fac inwards strategy and processes, including co-ordination thereof.
• Develop Fac outwards / trading capability and co-ordination of multi-line risks, in multi-jurisdictions.
• When required perform any other duties necessary for the operational effectiveness of the company that is within your ability and scope.

Underwriting/Risk Analysis

• Analyze qualitative and quantitative data to provide approval for risk selection and acceptance, coverage and price.
• Recommend creative alternatives regarding rating plans, coverage and payment plans. Recommend or implement changes to improve productivity, profitability, growth and the quality of assigned book of business.
• Decline unsuitable risks (and log these on the decline register for record purposes).
• Ensure that policy transactions (quotes, new business, endorsements, renewals, post loss, cancellations) are issued and changes recorded accurately and in a timely manner by rating and/or capturing transactions to the core business system.

Account Management

• Meet goals for volume and value of quality new business quoted and written within company guidelines.
• Recommend or implement changes to improve productivity, profitability, growth and the quality of assigned book of business.
• Service, grow and maintain renewal policies and re-underwrite where required
• Confirm rating and cover on endorsements requested.
• Review segment profit/growth results and trends to recommend and implement action plans to produce profitable underwriting results.
• Ensure that all premiums are received and up to date on all accounts in portfolio. In collaboration with credit control and sales team.

Relationship Management

• Interact on a day-to-day basis with brokers, Partners and JV Partners.
• Customer service: Provide timely and professional customer service to stakeholders.
• Effective communication: Communicate as needed with stakeholders to obtain information needed to complete screening and transactions, etc.
• Market Intelligence: Sound knowledge of underwriting principles in industry.
• Innovation: Participate with management in initiatives around product development, processes, policy and strategy.
• Continuous Process Improvement: Ensure full compliance with all processes, policies and procedures and identify areas for improvement.
• Drive Business Development initiatives in the various markets
• Employee Growth: Take responsibility for your own career growth and have regular discussions with relevant role players. Train-country underwriters