Underwriter - Commercial Guarantees

SUMMARY:
Role Purpose:
Responsible for the management and underwriting of a portfolio of clients for the Commercial Guarantees division.

Duties & Responsibilities:

• Underwrite profitable guarantee business to satisfy the business unit’s objectives and targets.
• Underwrite guarantee facilities within the underwriting policy, mandate and guidelines.
• Manage risk assessment of clients (credit, technical, operational).
• Manage the underwriting portfolio i.e. analyse trends and scenario plans from which portfolio strategies can be developed and implemented.
• Manage the client’s facility review process on an annual basis.
• Administer new and existing guarantee applications (drafting, issuances, amendments, cancellations).
• Administer all financial transactions on portfolio (premium quotations, invoices and collateral).
• Prepare portfolio reports for management feedback.
• Assist in the business development space, in consultation with Management.
• Compile assessment 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 our client 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 timely.

POSITION INFO:
Requirements:

• A Diploma/Degree in Commerce/Finance/Insurance.
• Certificate in Short-Term Insurance (or working towards it).
• RE 5 Certificate for Representatives (or working towards it).
• At least 3 years working experience in a guarantees division.

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