Insurance Underwriter

Placements24; Kimberley; On-site; CAD 70,000 - 110,000; Full time

Benefits offered by this job

Competitive salary

Bonuses

Health benefits

Retirement benefits

Professional development

Job summary

Placements24 is seeking a detail-oriented Insurance Underwriter to join the Kimberley team. The role involves evaluating applications, assessing risk, and determining policy terms and premiums to maintain a balanced book of business.

You will collaborate with agents, ensure accurate documentation, and stay current with industry developments. A Bachelor's in Business/Finance/Economics and at least three years of underwriting experience are required.

Qualifications

• Bachelor's degree in Business, Finance, Economics, or a related field.
• Minimum of 3 years of experience as an Insurance Underwriter or in a similar risk assessment role.
• Strong understanding of underwriting principles, risk management, and insurance products.
• Detail-oriented with a commitment to accuracy.

Responsibilities

• Review and analyze insurance applications to assess risk factors and determine insurability.
• Apply underwriting guidelines and policies to evaluate risk and set premiums.
• Communicate with agents and brokers to gather information and explain underwriting decisions.
• Ensure accurate policy documentation and regulatory compliance.
• Monitor performance of assigned portfolios and identify trends.
• Collaborate with claims and actuarial teams to share insights on risk and policy performance.
• Stay current with industry developments and changes in risk assessment.

Skills

Analytical skills

Decision-making

Problem-solving

Communication skills

Detail-oriented

Underwriting software

Education

Bachelor's degree in Business, Finance, Economics, or related field

Tools

Underwriting software

Job description

About the Role

Our client is seeking a detail-oriented and analytical Insurance Underwriter to join their established team in Kimberley. In this role, you will be responsible for evaluating insurance applications, assessing risk exposure, and determining policy terms and premiums. Your expertise will ensure the company maintains a balanced and profitable book of business while providing appropriate coverage to clients. This is a vital position for an individual with a solid understanding of insurance principles and a keen eye for detail, contributing to the company's stability and growth in the Northern Cape.

Key Responsibilities

• Review and analyze insurance applications to assess risk factors and determine insurability.
• Apply underwriting guidelines and policies to evaluate risk and set appropriate premiums.
• Communicate with agents and brokers to gather necessary information and explain underwriting decisions.
• Ensure accurate policy documentation and adherence to regulatory requirements.
• Monitor the performance of assigned portfolios and identify trends or potential issues.
• Collaborate with claims and actuarial departments to share insights on risk and policy performance.
• Stay current with industry developments and changes in risk assessment.

Requirements

• Bachelor's degree in Business, Finance, Economics, or a related field.
• Minimum of 3 years of experience as an Insurance Underwriter or in a similar risk assessment role.
• Strong understanding of underwriting principles, risk management, and insurance products.
• Excellent analytical, decision-making, and problem-solving skills.
• Proficiency in using underwriting software and standard office applications.
• Strong written and verbal communication skills.
• Detail-oriented with a commitment to accuracy.

Benefits

• Competitive annual salary and potential for performance-based bonuses.
• Opportunity to work within a supportive and experienced underwriting team.
• Comprehensive health and retirement benefits package.
• Support for ongoing professional development and relevant certifications.
• Be part of a key player in the regional insurance market.