Job Purpose
To manage; plan and control the Underwriting Department to profitably grow the risk book on an underwriting and administration basis; in line with Nedbank’s business strategy
Job Responsibilities

Ensure the implementation and development of underwriting management strategies.
Manage and monitor short term underwriting requirements and decisions to ensure cost effectiveness of pricing.
Provide input into budget determination around headcount and cost of landing business.
Ensure transformational targets are met.
Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
Stay abreast of developments in field of expertise, ensuring personal and professional growth.
Lead organisational change initiatives by providing direction and aligning to strategy and culture.
Ensure issues raised in culture surveys are addressed and results are improved.
Deliver a world class service through others by ensuring a client centric culture through required interventions.
Identify areas of resource inefficiencies and promote optimization through multi-skilling and addressing capacity gaps.
Manage adherence to agreed SLAs.
Update any service agreement / contracts in place as and when required, including annual review.
Make formal presentations to all business stakeholders to promote and enhance stronger business relationship.
Collaborate with internal and external clients through attending business meetings and presentations and attending underwriting specific seminars.
Manage and monitor short term underwriting decisions.
Accept and authorize high levels risks within company guidelines.
Develop, implement and update the underwriting rules outcomes based on current approach to specific impairments.
Conduct underwriting audits bi-annually to ensure underwriting philosophy and decision-making in keeping with the risk appetite.
Ensure automated workflow within the administration system is delivering the desired outcome.
Optimize efficiency and embed correct values by ensuring direct reports understand and support Nedbank’s vision, values and strategy.
Manage performance of direct reports and hold them accountable for managing the performance of their reports by implementing performance agreements and ensuring a clear vision.
Maintain a high performing team by identifying a talent pool through conducting career conversations and using the talent grid principles and developing talent retention programmes.
Build depth of skills and knowledge in the team.
Ensure continuous improvement goals are achieved.

People Specification
Essential Qualification

Bachelors Degree in Insurance or Risk Management or similar qualification (NQF 7)
Higher Certificate or Advanced Certificate in Short Term Insurance
and/ or Underwriting qualification
RE5 and/or RE 1

Essential Certifications

FAIS Regulatory Examination 1 qualification
Membership of the Insurance Institute of South Africa (AIISA)

Preferred Certifications
Membership of the Insurance Institute of SA (AIISA)
Minimum Experience Level
7 to 10 years in Short Term Underwriting (Personal Lines) with a minimum of 3 years in a Senior underwriter / management role.
Technical / Professional Knowledge

Business administration and management
Change management
Financial Accounting Principles
Governance, Risk and Controls
Organisational behaviour theory
Relevant regulatory knowledge
Strategic planning
Management information and reporting principles, tools and mechanisms
Quality management and lean methodologies
Medical and Financial Knowledge

Behavioural Competencies

Adaptability
Aligning Performance for Success
Coaching
Decision Making
Building partnerships
Driving for Results
Planning and Organizing

 

Application email or URL: https://www.myjobmag.co.za/apply-now/472891