Tuesday 22 March 2016

Engineering Facultative Underwriter Needed In Munich Re (Group)

Job description
Develop and maintain contacts in the construction, financial and engineering insurance industries to development business in East Africa.
To maintain the highest standard of technical competence in the field of Facultative Engineering Underwriting and Pricing with a view to presenting terms to the market  after agreement for binding from Johannesburg which will generate the agreed financial returns on business written.
Market and Underwrite Reinsurance for major projects, e.g. Construction and Erection for  projects for approval in Johannesburg .
To monitor the performance of the Engineering portfolio and put forward recommendations to the Underwriting Manager in the interest of rehabilitation should it ever be necessary.
To find creative tailor-made Facultative reinsurance solutions to meet our customers' needs  - "can do mind set"
Conduct engineering  seminars (engineering basic course, and workshops for clients and staff).
To understand the Underwriting Authorities and Acceptance Limits and apply to business.
Actively promote, market and price offered engineering facultative business in the region in support of own markets for the Underwriting Manager.
Apply insurance knowledge in order to assess potential exposure to MRoA and to market all classes of short-term Facultative Reinsurance business with special emphasis on engineering.
Maintain exceptional service delivery to MRoA customers and develop Engineering Facultative portfolio in the region.
Produce a business plan detailing a strategy that will be pursued to acquire business targets.
Attain own premium / result targets set by Manager.
Provide Centre of Competence for Engineering business within the Munich Re Group and in time serve on expert groups.
Risk Assessment and Risk Management when required for Engineering & Fire Business as well as Claims.
Desired Skills and Experience
BSC Engineering,plus  5yrs practical field experience
Sound technical underwriting abilities with Engineering Insurance policies know-how
Reinsurance experience would be an added advantage
Insurance and Reinsurance market Intelligence
Preparedness to travel
Analytical skills