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Senior Casualty Treaty Underwriter - Johannesburg

Munich Re

Senior Casualty Treaty Underwriter Career Level 4 Company Munich Re Location Johannesburg , South Africa Your Business Unit: The Casualty & Credit Team develops and ensures the profitability of several reinsurance product lines such as Motor, Liability, Credit and Surety, Personal Accident in South Africa and Sub-Saharan Africa. Your Team: The Casualty Treaty Team is a dynamic multi-disciplinary team of professionals from different backgrounds (Actuarial, Data analytics, Legal, Insurance and Risk management) who tackle the opportunities and challenges associated with pricing, assessing, monitoring and managing the Companies Motor, Liability and Personal Accidents treaty portfolio. You will join a group of pricing experts and actuarial analysts that form the pricing desk responsible for building and reviewing casualty pricing models and parameters and pricing large accounts. You will be reporting to the Operational Manager for Casualty, Cyber, Credits and Bonds. Your job: You will be responsible for the technical underwriting and pricing quality of Casualty Treaty business in the Sub-Saharan African markets directly and through brokers. You will: Contribute to conceiving and executing the lines of business, products and market strategies. Analyze insurance and reinsurance client and market data to develop models for pricing reinsurance products efficiently, especially for markets outside of South Africa and assessing their implications for the underwriting strategy and business opportunities. Guide the Casualty Treaty Team in technical issues in cooperation with Underwriting Management Ensure and develop technical know-how of the Casualty Treaty Team members. Develop traditional and non-traditional (re)insurance solutions. Participate in and lead client and broker negotiations in cooperation with Client Management. Contribute to opinion leadership on Casualty related topics in the market. Participate in regional or group wide working groups and projects; conduct seminars/workshops for internal and external clients. Your profile: University degree in Statistics, Mathematics, Actuarial Science or other insurance related fields Minimum 5-year treaty underwriting experience with focus on Casualty Treaty, detailed understanding of reinsurance and primary insurance, experience in developing traditional and non-traditional products. Willingness to train team members and provide technical guidance Strong team player and team-focused attitude Strong numerical, mathematical and problem solving skills, Efficient and independent working style Conscientious approach Our Benefits: Life and Health Benefits. Retirement Benefits. Hybrid working environment. Bonus Scheme. Employee Assistance Program. Wellness Programs. Global Mobility You will work in an environment where we aspire to think big: Change and culture are challenged. We communicate a compelling and shared purpose and direction. We pave the way towards success and see failure as learning. You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders. We aim to communicate in a clear & authentic way. We solicit feedback, ask and listen, learn and unlearn. You will grow with your clients: Whatever our role, we support business, in a thoughtful way, to create value for our clients. We embrace new ways of working applying digitalization to provide solutions. We lead the We: We have a passion for winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged. LI-Hybrid This is a permanent position and is based in Johannesburg, South Africa. The closing date for this opening is 29 March 2024. Please apply to the advert or through our careers page. We do not accept CV's by email. We do respond by email to all applications received through our advert. If you have not heard from us, please check your spam email folder. If you have any queries, please contact the Talent Acquisition Specialist, Sumenthra Kander at Skandermunichre.com. About Munich Re: Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business. Apply now Disclaimer: At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us. Apply Now
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