{"id":3966018,"url":"https://alion.io/job/sanlam-underwriter-financial-lines","title":"Underwriter: Financial Lines","company":{"id":2194082,"name":"Sanlam","domain":"sanlam.com","url":"https://alion.io/company/sanlam-co-za","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"SuccessFactors","truth_index":{"grade":"A","score":95,"open_postings":5,"ghost_share":0,"stale_share":0.4,"repost_share":0,"time_to_fill_p50_days":3,"computed_at":"2026-11-10T06:52:35Z"}},"role":"Finance","role_family":"Finance","seniority":"senior","employment_type":null,"work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Sandton, South Africa"],"countries":["ZA"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":null,"experience_years_min":7,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Outlook","optional":false}],"status":"live","first_seen_at":"2026-11-09T14:14:47Z","employer_posted_date":"2026-11-09","last_verified_at":"2026-11-10T02:38:05Z","board_verified":true,"closed_at":null,"days_open":1,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":1},"description":"What will you do?\nTo provide specialist underwriting knowledge in respect of the Financial Lines portfolio (which incorporates Directors and Officers, Crime and Civil Liability classes, including Commercial Crime, Trustees and Private Equity Management Liability insurance).\nThis position forms part of the Specialist Financial Lines Underwriting department alongside the Cyber portfolios.\nWhat will make you successful in this role?\nThe key activities of a Financial Lines Underwriter are:\nExamine insurance proposal for new and renewal business, gathering and assessing background and supporting information and providing views and analysis on the risk/account.\nAttending to conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing/negotiating risks with the broker in order to effectively win or renew the risk.\nEvaluate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.\nQuote within designated authority levels and refer the account where necessary in accordance with company policy and technical guidelines.\nMonitor portfolio performance and ensure that renewals, new business, lost business and cancellative reserve are tracked and actioned.\nSet accurate, realistic premium forecasts and draft financial reporting as required in a timely manner to enable management to set budgets and monitor performance targets for your own portfolio of accounts and as a contribution to the team portfolio.\nBe able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.\nAccurately enter data into company systems/portals and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio.\nMaintain accurate electronic records for auditing and regulatory purposes.\nProactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.\nUndertake any other reasonable tasks as requested by the U/W Head or Manager in order that the team achieve its objectives.\nAdhere to and where possible, improve, all operational and procedural standards.\nHandle accounts queries and credit control queries to the satisfaction of all parties.\nQualifications & Experience\nTertiary qualification a preference (LLB, B.Comm in Insurance, Finance, Accounting or Economics)\nNQF 7 insurance or risk management qualification.\nMinimum of 3 years technical underwriting experience in the relevant line of business as an underwriter or Minimum of 7 years’ insurance industry experience of which a minimum of 3 years spent in a technical underwriting department.\nFAIS Compliance\nRE5 qualification\nCompetent user of Excel, Word, Outlook and other Microsoft platforms.\nGood understanding of insurance industry including the reinsurance market and the terminologies used.\nKnowledge & Skills\nCritical thinking and analysis of complex risk\nGood technical understanding of policy wordings\nAble to evaluate information from a variety of sources and solve problems\nGood decision-making skills which includes being able to consider the costs and benefits of various options and recommend the appropriate one as part of the referral process (to management or the technical team).\nGood communication and interpersonal skills; comfortable with phone and face to face complex discussions with underwriters, brokers and any other relevant stakeholders. \nGood work ethic and deadline focused; able to work under pressure to meet tight deadlines and able to organise own workload effectively to prioritise and delegate to meet service standards.\nOperationally efficient including the ability to follow all process requirements.\nSolid Presentation skills which include being able to present informally and formally for training (internal and external), marketing and renewal purposes.\nIntermediate to Advanced ability to assess financial statements of businesses across a broad spectrum of industries\nIntermediate to Advanced ability understanding of financials markets, macro-economic factors and emerging risks impacting Financial Lines Business Unit.\nIdentification of financial, governance and fraud risks\nResearch and assess risks utilising data outside of the financial statements (eg) SENS, social media, general news media)\nGood Understanding and assessment of financial statements of businesses across a broad spectrum of industries\nShort-term insurance knowledge including the principles of insurance and underwriting.\nGood knowledge of Financial Lines and financial lines products, covers and how to find solutions to complex issues relating to these covers.\nRisk and compliance related obligations in adherence to Group and Regulatory guidelines.\nKnowledge the products offered in Financial Lines would be an additional benefit.\nCompetencies\nCollaborates, develops and maintain relationships with brokers and clients at all relevant levels of their businesses.\nLiaise with brokers, clients and potential clients preparing quotes and negotiating terms as required, writing polices and specifying any conditions that should apply to policies.\nVisit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.\nClient focus - building strong client relationships and delivering client centric solutions\nDrives results - consistently seizing opportunities and achieving results even under tough circumstances\nFlexibility and adaptability - rebounding from setbacks and adversity when facing difficult situations\nCultivates Innovation - Creating new and better ways for the organisation to be successful\nProblem solving\nAbility to cope with conflicting demands and to prioritise tasks\nDeveloping and implementing strategy\nAbility to perform under pressure\nEnterprising and commercial thinking\nAttention to detail\nLeadership and influencing\nFeedback on market intelligence.\nRespond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.\nAgility and the ability to adapt to various situations including working under time 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