To provide senior-level underwriting expertise within Santam Corporate Property, taking accountability for a complex portfolio of corporate property risks, while driving profitability, technical excellence, and strategic facultative reinsurance placement. The role is responsible for leading complex underwriting assessments, structuring reinsurance solutions, influencing underwriting strategy, and strengthening relationships with brokers, reinsurers, and internal stakeholders. The successful candidate is expected to operate as a technical authority within the team and contribute to portfolio performance, governance, and market positioning. What will make you successful in this role? Underwrite complex new and renewal corporate property risks, including high-value and technically challenging exposures. Take ownership of a defined portfolio, ensuring sustained profitability, growth, and alignment to risk appetite. Conduct advanced risk assessments incorporating: Loss trends and exposure modelling Industry-specific risk dynamics Macro-economic and market considerations Drive underwriting strategy within allocated portfolio segments. Provide expert technical input into pricing, structure, and terms. Monitor portfolio performance and proactively identify areas for corrective action or optimization. Lead the structuring, negotiation, and placement of complex facultative reinsurance arrangements for large and non-standard risks. Develop optimal reinsurance solutions balancing: Coverage adequacy Cost efficiency Prepare and present high-quality facultative submissions to local and international reinsurers. Negotiate directly with reinsurers and reinsurance brokers on: Capacity Terms and conditions Oversee the quality assurance of reinsurance placements, including: Policy alignment Accuracy of exposure information Contribute to the development and refinement of Santam’s facultative reinsurance strategy and market engagement approach. Maintain and deepen strategic relationships with reinsurers and reinsurance brokers. 2. Technical Authority & Governance Act as a subject matter expert in property underwriting and facultative reinsurance. Lead technical discussions on policy wording, coverage design, and risk structuring. Provide guidance and mentorship to junior underwriters within the team. Review and sign off on complex underwriting decisions within mandated authority levels. Ensure adherence to: Mandates and authority levels Regulatory and compliance frameworks Provide technical input into claims involving complex or disputed property losses. Build and sustain senior-level relationships with: Key brokers Corporate clients Represent Santam Corporate Property in industry forums and market engagements. Lead broker engagements on complex risks and strategic accounts. Support business development initiatives and new business acquisition. Qualifications & Experience Minimum 8–12 years’ experience in the corporate property market Extensive experience working with: Large Corporate Brokers Proven track record in complex facultative reinsurance placements and negotiations Demonstrated ability to manage complex portfolios and high-value risks Experience providing technical leadership or mentorship Relevant Degree in Business, Insurance, Risk Management, or similar IISA qualification or equivalent professional certification RE (Regulatory Examination) Senior corporate property underwriting capability Advanced facultative reinsurance structuring and negotiation Understanding of policy wordings and contract design Analytical Thinking Systems & Interdependency Thinking Technical Advisory & Stakeholder Engagement #J-18808-Ljbffr
Senior Underwriter - Corporate Property
SANLAM LIMITED
sandton, sandton
Published 5 days ago
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