Underwriting Manager - BSM - Johannesburg
Bryte Insurance
Who we are Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise, and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent. Bryte Insurance Company Limited approaches customer risk with purpose, proactively working with brokers and customers to enable better risk decisions. Our opportunity The role holder is responsible for management of employees and implementation of processes and procedures relating to all Underwriting functions. The incumbent maintains profitability through corrective actions, risk mitigation, management of multi-claimants of loss-making portfolios as well as effective portfolio management. Key Tasks & Accountabilities This role reports into the CEO of Bryte Specialist Motor (BSM) and is responsible for maintaining the profitability of BSM through application of prudent Underwriting principles. Acts independently and works under minimal supervision to measure exposure and minimise risk. Responsible for providing Underwriting Guidelines, wording and Underwriting rules whilst demonstrating specialised knowledge and expertise in products and industry. Acts as an expert in Technical Underwriting and provides Underwriting support to the regions. Monitors and manages portfolio performance. Ensures consistent application of the Underwriting Rating Guidelines. Participates in Motor Committee at Industry level. Management, coaching and development of Underwriting employees to assist with establishing and maintaining a high-performance culture. Responsible for the due diligence and audit processes with regards to the onboarding of new propositions. Builds relationships with internal and external stakeholders to successfully negotiate with customers on their insurance needs while at the same time upholding the underwriting discipline and rigor. Ensures that the Underwriting Guidelines are adhered to when decisions are made at the Claims Rejection Forum. Determines Risk Classification and triggers to manage escalations within the Bryte risk appetite. Agrees excess of loss requirements with Reinsurance. Internal engagement with regards to Sasria. Leads the development and implementation of business solutions through providing Underwriting tools and processes. Stakeholder Management External Partners; Agents, Administrators and UMAs SAICB, SAIA and other Insurance Associations EXCO Functional Business Heads Develop and maintain external and internal networks with key individuals and associations in the Insurance industry; keep abreast of industry developments and actively monitor insurance trends and regulation, so as to anticipate the business impact of regulatory changes. Leadership Accountabilities Model behaviours that demonstrate commitment to Bryte’s guiding principles. Lead a high-performing team and complete performance management cycle for direct reports. Create people management plan to ensure human capability is in place as part of business planning process. Take action to manage own personal development and encourage others to do the same. Qualifications & Experience Higher Certificate in Insurance, Fellowship advantageous RE 5 (RE 1 will be advantageous) 8 or more years’ experience in Motor Underwriting 3 – 4 years management experience Technical knowledge of the Motor Product as well as the relevant Regulatory and Compliance requirements Capabilities Effective Communication Technical Insurance and Regulatory Environment knowledge Knowledge sharing Negotiating Detail-orientation and Analysis Problem Solving; planning and organising High Level Influencer Adaptability Relationships typically involve persuading or countering opposition Closing date: 29 March 2024
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