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