Description:
A reputable firm based in Krugersdorp requires a Short-Term Insurance Underwriter:
DUTIES:
- Evaluate insurance applications for sectional title schemes by analysing building structures, occupancy, construction materials, security measures, and historical claims
- Determine risk exposure for common property, shared facilities, and individual sections within the scheme
- Apply underwriting guidelines to accept, decline, or modify cover based on risk appetite
- Calculate premiums, excess structures, and rating adjustments in line with scheme-specific risk factors
- Conduct portfolio reviews to ensure ongoing compliance with underwriting standards
- Prepare and issue quotations, policy schedules, endorsements, and renewal documentation for sectional title clients
- Ensure cover aligns with the Sectional Titles Schemes Management Act, prescribed minimum insurance requirements, and body corporate obligations
- Structure cover for buildings, common property, liability, trustees’ indemnity, fidelity, geysers, and additional optional benefits
- Liaise with brokers, managing agents, trustees, and body corporates to clarify requirements, gather information, and negotiate terms
- Provide technical guidance on cover options, exclusions, and regulatory requirements
- Support brokers with accurate, timely quotations and underwriting decisions
- Review claims trends within schemes to identify adverse patterns and recommend corrective action
- Collaborate with claims teams to validate cover, assess risk implications, and ensure claims fall within underwriting parameters
- Recommend risk ‑ mitigation measures such as maintenance plans, security upgrades, and compliance improvements
- Ensure all underwriting decisions comply with FAIS, Treating Customers Fairly (TCF), and internal governance frameworks
- Maintain accurate records and audit ‑ ready documentation for all underwriting activities
- Monitor changes in legislation affecting sectional title insurance and adjust underwriting practices accordingly
- Manage a portfolio of sectional title schemes, ensuring profitability and sustainable risk exposure
- Analyse loss ratios, premium adequacy, and scheme performance to support renewal decisions
- Prepare underwriting reports, risk summaries, and recommendations for management review
Requirements:
- Evaluate insurance applications for sectional title schemes by analysing building structures, occupancy, construction materials, security measures, and historical claims
- Determine risk exposure for common property, shared facilities, and individual sections within the scheme
- Apply underwriting guidelines to accept, decline, or modify cover based on risk appetite
- Calculate premiums, excess structures, and rating adjustments in line with scheme-specific risk factors
- Conduct portfolio reviews to ensure ongoing compliance with underwriting standards
- Prepare and issue quotations, policy schedules, endorsements, and renewal documentation for sectional title clients
- Ensure cover aligns with the Sectional Titles Schemes Management Act, prescribed minimum insurance requirements, and body corporate obligations
- Structure cover for buildings, common property, liability, trustees’ indemnity, fidelity, geysers, and additional optional benefits
- Liaise with brokers, managing agents, trustees, and body corporates to clarify requirements, gather information, and negotiate terms
- Provide technical guidance on cover options, exclusions, and regulatory requirements
- Support brokers with accurate, timely quotations and underwriting decisions
- Review claims trends within schemes to identify adverse patterns and recommend corrective action
- Collaborate with claims teams to validate cover, assess risk implications, and ensure claims fall within underwriting parameters
- Recommend risk ‑ mitigation measures such as maintenance plans, security upgrades, and compliance improvements
- Ensure all underwriting decisions comply with FAIS, Treating Customers Fairly (TCF), and internal governance frameworks
- Maintain accurate records and audit ‑ ready documentation for all underwriting activities
- Monitor changes in legislation affecting sectional title insurance and adjust underwriting practices accordingly
- Manage a portfolio of sectional title schemes, ensuring profitability and sustainable risk exposure
- Analyse loss ratios, premium adequacy, and scheme performance to support renewal decisions
- Prepare underwriting reports, risk summaries, and recommendations for management review
- Senior certificate “Grade 12”
- RE 5
- Full short term insurance qualification NOF level 4
- COB 1 and 2
- minimum of 4 years’ experience
- Excellent Written and verbal communication in Afrikaans
REQUIREMENTS:
- Senior certificate “Grade 12”
- RE 5
- Full short term insurance qualification NOF level 4
- COB 1 and 2
- minimum of 4 years’ experience
- Excellent Written and verbal communication in Afrikaans
13 Feb 2026;
from:
careers24.com