Senior Underwriter (Construction Guarantees)

SUMMARY:
Role Purpose:
Responsible for the underwriting and management of new and existing clients for the Construction Guarantees division. The role will involve financial, technical and credit risk assessment, portfolio management, client and broker liaison.

Duties & Responsibilities:

• Assess, analyse and interpret financial statements.
• Underwrite profitable construction guarantees to satisfy the business unit’s objectives and targets.
• Underwrite construction guarantee facilities within the underwriting policy, mandate and guidelines.
• Manage risk assessment of businesses (credit, technical, operational).
• Manage the underwriting portfolio i.e. analyse trends and scenario plans from which portfolio strategies can be developed and implemented.
• Manage existing client’s facility review process on an annual basis.
• Administer new and existing guarantee applications (drafting, issuances, amendments, cancellations).
• Administer all financial transactions on guarantee transactions (premium quotations, invoices and collateral).
• Prepare portfolio reports for management feedback.
• Assist in the business development space, in consultation with Management.
• Compile assessments and review reports for all facilities within the portfolio.
• Compile risk assessment reports for project sites.
• Undertake site visits on projects that are listed for project risk monitoring.
• Represent Guardrisk at client meetings across South Africa for both new clients and existing clients’ facility review purposes.
• Develop and maintain strong relationships with key brokers/intermediaries and clients and other relevant stakeholders.
• Continually improve and maintain high service levels.
• Administer broker and client queries timeously.

POSITION INFO:
Requirements:

• A Diploma/Degree in the Built Environment or Finance.
• Certificate in Short-Term Insurance (or working towards it).
• RE 5 Certificate for Representatives (or working towards it)
• FAIS compliant (or working towards it).
• Minimum 5 years construction industry, insurance or banking experience.
• Minimum 3 years working experience in a bank/guarantees business or finance division (preferable).

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