We have an exciting opportunity for an Executive Head: Underwriting, Legal Risk & Regulatory within Santam Specialist Solutions.
What will make you successful in this role?
Key responsibilities:
Strategic Management:
Provide sustainable strategic input for your relevant business area that will contribute to the financial health of the organisation through sound governance practices.
Provide detailed analysis and reporting on the Technical and Governance Areas.
Actively seek ways to keep competitive advantage in the market.
Provide feedback on market intelligence.
Encourage cross-selling initiatives within Specialist Business by helping underwriters identify opportunities
Develop a Sustainable Risk Management Initiative that assists the underwriting & claims team and clients
Monitor and report on cover trends and developments and the potential impact on the business.
Technical Underwriting:
Provide oversight, input and coordination into all UW and RI commercial related matters, across SSS portfolio.
Provide oversight on high-level portfolio management
Promote 'best practice' underwriting process to minimise underwriting operational risk
General Technical support to Lines of Business
Ensure adherence to underwriting governance and underwriting authorities.
Research and Development on new products as required
Claims:
Provide technical & strategic input and guidance to Claims Teams on large/complex claims related matters
Monitor for possible aggregation across lines of business
Legal, Governance, Assurance and Risk Management:
Co-operation with Group Shared Services in relation to information management and content of Treaty Agreements
Overseeing the Coordinating and collating of audit feedback for business
Adherence to the Santam Internal Control policy by implementing an effective system of internal control
Implement an effective approach to the identification, assessment, monitoring, management and reporting of relevant operational risk exposures
Drive a risk-aware and strong governance culture within SSS
Monitor underwriting process quality
Reinsurance:
Alignment of our RI treaties within SSS to the group risk appetite strategy & direction
Ensure reinsurance protection in close liaison with SSS Clusters that quantitatively and qualitatively supports underwriting operations
Manage the QS arrangement with Syndicate 1918
Promote solutions to minimise Risk of exposure to loss aggregation in conjunction with Lines of Business
Statistical analyses for use in portfolio pricing
Produce and distribute Treaty overview across SSS
Qualifications & Experience
Minimum 15 years in a similar role - CUO type roles, active underwriter roles, legal counsel and claims oversight roles
Broad multi-class specialist risks experience is a requirement
Reinsurance strategy, contracting and placement experience, in relation to specialist risks is a requirement
Business degree and / or Legal Degree
General management development courses
Proven leadership skills and experience
Established relationships with key persons in the large global & SA National brokers is a requirement
Excellent writing and communication skills
Proven people relationship skills & EQ skills
Skills & Competencies
Underwriting Governance, Oversight & Product Solutions, Enablement and Portfolio Performance Management: RI Capacity & Policy Wordings
Legal & Risk
Strategic Initiatives
Leadership Responsibility
* People Management
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