Job Classification

• REQ: 122542 - Refilwe Falatsi
• Closing Date: 8 December 2023
• Division: Nedbank Insurance
• Functional Unit: Client Solutions
• Employment Equity Statement: Preference will be given to Individuals from underrepresented groups.
• NB: This role will be focused on "non-Life" underwriting.

Job Family

Risk, Audit and Compliance

Career Stream

Underwriting

Leadership Pipeline

Manage Managers

FAIS Affected

FAIS Affected - Yes

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