P&C Facultative Underwriter x2

Job Specification:

Position Title: P&C Facultative Underwriter (2)

Location: Lusaka, Zambia

Reports to: Facultative Underwriting Manager

Company Overview

Klapton Reinsurance Limited is a leading reinsurance company committed to providing innovative risk solutions and exceptional service to our clients. We are currently seeking a skilled and dynamic P&C Facultative Underwriter to join our team. This role is crucial to our mission of delivering tailored facultative reinsurance solutions across various lines of business.

Position Overview

The P&C Facultative Underwriter will be responsible for evaluating, pricing, and underwriting complex property and casualty risks on a facultative basis. This role requires a deep understanding of the reinsurance market, strong analytical skills, and the ability to build and maintain relationships with clients and brokers.

Key Responsibilities

1.   Risk Assessment and Underwriting

Evaluate and underwrite complex property and casualty risks on a facultative basis.
Analyze exposure and loss data to determine appropriate terms, conditions, and pricing.
Make informed underwriting decisions in line with company guidelines and risk appetite.

2.     Pricing and Negotiation

Develop and implement pricing strategies for facultative reinsurance risks.
Negotiate terms and conditions with brokers and clients to secure profitable business.
Ensure competitive positioning while maintaining profitability targets.

3.     Relationship Management

Build and maintain strong relationships with brokers, clients, and other stakeholders.
Provide exceptional service and support to clients, ensuring their needs are met promptly and professionally.
Represent the company at industry events and meetings to enhance market presence and reputation.

4.     Portfolio Management

Monitor and manage the performance of the facultative portfolio, ensuring alignment with company objectives.
Identify opportunities for growth and improvement within the portfolio.
Collaborate with other underwriting teams to ensure a balanced and diversified portfolio.

5.     Compliance and Reporting

Ensure all underwriting activities comply with company policies, procedures, and regulatory requirements.
Maintain accurate and up-to-date underwriting records and documentation.
Prepare regular reports on underwriting performance, including analysis and insights for management.

6.     Continuous Improvement

Stay updated with industry trends, market conditions, and best practices in facultative reinsurance.
Participate in professional development activities to enhance underwriting knowledge and skills.
Contribute to the continuous improvement of underwriting processes and systems.

Qualifications

Education: Bachelor’s degree in Business, Finance, Insurance, or a related field. Advanced degrees or relevant certifications (e.g., ACII, FCII) are preferred.

Experience: Minimum of 5-7 years of experience in reinsurance or insurance at a senior underwriter level with strong technical competence and experience structuring and placing facultative reinsurance.

Skills

Strong analytical and problem-solving abilities.
Excellent negotiation and communication skills.
Ability to build and maintain strong professional relationships.
In-depth knowledge of reinsurance markets and products.
Proficiency in underwriting software and tools.

Why Join Us?

Impact: Play a crucial role in shaping our facultative reinsurance strategy and portfolio.

Growth: Opportunities for professional development and career advancement within a dynamic and growing company.

Innovation: Be part of a forward-thinking organization that values innovation and excellence.

If you are a strategic thinker with a passion for facultative underwriting and a commitment to delivering exceptional client service, we invite you to apply for the P&C Facultative Underwriter position at Klapton Reinsurance Limited. Join us in shaping the future of reinsurance.