Senior Underwriter
Gaborone – South-East – Botswana
Our client, SAHA Reinsurance (SAHARe) has recently acquired a license to operate in the Botswana market to offer reinsurance services. The company is a start-up brought together by a group of investors yearning to make their mark and build the company into a pan African reinsurance business with future prospects of increasing their footprints in Africa. The company’s vision is to be an innovation-driven reinsurance company embracing a risk-focused strategy that ensures return to shareholders whilst safeguarding the interests of their customer base and building a resilient and sustainable Africa.
They are seeking a highly motivated and experienced Reinsurance Underwriter to join their team at SAHARe. In this role, the incumbent will be responsible for assessing and underwriting reinsurance risks, contributing to the development of reinsurance products, and providing valuable insights to help manage clients’ portfolios effectively. You will play a critical role in maintaining and expanding client base, ensuring profitable growth, and upholding SAHARe’s reputation for excellence in reinsurance.
Key Responsibilities:
- Evaluate reinsurance applications, analyze risk exposure, and determine appropriate terms and pricing.
- Collaborate with brokers and clients to provide expert advice on reinsurance solutions and negotiate terms and conditions.
- Develop and maintain strong client relationships while actively seeking new business opportunities.
- Conduct financial analysis and due diligence to assess the financial stability of clients.
- Monitor industry trends and regulatory changes to stay current on market conditions and opportunities.
- Collaborate with the underwriting team and Senior executives to design and implement reinsurance products and strategies.
- Participate in the development of underwriting guidelines and strategies.
- Work closely with the claims department to ensure efficient claims handling and resolution.
- Provide regular reports and analysis to senior management.
Qualifications:
- Bachelor’s degree in finance, Insurance, or a related field.
- A minimum of 4 years of reinsurance underwriting experience.
- Strong knowledge of reinsurance concepts, practices, and principles.
- Excellent analytical, negotiation, and communication skills.
- Strong understanding of financial statements, underwriting software, and industry-specific tools.
- Professional certifications such as CII, IISA, ARe, CPCU, or equivalent are a plus.
- Strong teamwork and client relationship-building skills.
- Ability to work independently, make sound decisions, and manage complex, time-sensitive tasks.