Job Details

Job Description

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.