Commercial Insurance Underwriter

Placements24; Willows (CA); On-site; USD 36,000 - 54,000; Full time

Benefits offered by this job

Medical aid

Life insurance

Pension fund

Annual leave

Professional development

Bonuses

Job summary

Placements24 in Welkom, Free State, seeks a seasoned Commercial Insurance Underwriter to assess and underwrite a diverse portfolio of commercial risks. You will use risk analysis, financial assessment, and market knowledge to make informed decisions and support brokers and agents with risk management solutions.

Join a respected insurance organization committed to excellence and professional growth. You will collaborate with claims and senior management to refine guidelines and drive strategic

Qualifications

• Minimum of 5 years in commercial insurance underwriting.
• Expertise in General Liability, Property, and Workers' Compensation.
• Located in Welkom or willing to relocate to Welkom, Free State.

Responsibilities

• Analyze and underwrite new and renewal commercial insurance applications, assessing risks and determining appropriate terms, conditions, and pricing.
• Evaluate financial statements, business operations, and loss history to understand potential risks.
• Develop and maintain strong relationships with insurance brokers, agents, and other intermediaries.

Skills

Commercial underwriting

Financial analysis

Negotiation

Communication skills

MS Office

Underwriting software

ACII/CPCU

Education

ACII / CPCU designation

Tools

Underwriting software suite

Job description

Our client is seeking a seasoned Commercial Insurance Underwriter to join their established team in Welkom, Free State . This critical role involves assessing and underwriting a diverse portfolio of commercial risks, ensuring profitability and adherence to underwriting guidelines. The successful candidate will leverage their expertise in risk analysis, financial assessment, and market knowledge to make informed underwriting decisions. This position offers a challenging yet rewarding career path within a highly respected insurance organization known for its commitment to excellence and professional growth. You will work closely with brokers and agents, building strong relationships and providing expert advice on risk management solutions. This role is essential for maintaining the financial health and strategic direction of the company's commercial insurance operations in the Welkom, Free State region. We are looking for an individual with a keen eye for detail, strong commercial acumen, and a passion for the insurance industry. If you are ready to take on greater responsibility and contribute to significant business success, this is the opportunity for you.

Key Responsibilities

• Analyze and underwrite new and renewal commercial insurance applications, assessing risks and determining appropriate terms, conditions, and pricing.
• Evaluate financial statements, business operations, and loss history to understand potential risks associated with commercial clients.
• Develop and maintain strong relationships with insurance brokers, agents, and other intermediaries.
• Ensure all underwriting decisions comply with company policies, regulatory requirements, and underwriting authority limits.
• Collaborate with the claims department to share insights on risk management and loss prevention.
• Stay abreast of industry trends, market conditions, and competitor activities to inform underwriting strategies.
• Prepare detailed underwriting reports and recommendations for management.
• Contribute to the development and refinement of underwriting guidelines and procedures.
• Identify opportunities for cross-selling and up-selling of commercial insurance products.
• Participate in team meetings and contribute to the overall strategic planning of the commercial lines department.

Requirements

• Minimum of 5 years of experience in commercial insurance underwriting.
• Demonstrated expertise in underwriting various commercial lines of business (e.g., General Liability, Property, Workers' Compensation).
• Strong understanding of financial analysis, risk assessment, and insurance principles.
• Excellent communication, negotiation, and interpersonal skills.
• Proficiency in underwriting software and MS Office Suite.
• Relevant professional designations (e.g., ACII, CPCU) are a significant advantage.
• Ability to work effectively both independently and as part of a team.
• Strong analytical and problem-solving capabilities.
• Commitment to ethical conduct and professional integrity.
• Based in or willing to relocate to Welkom, Free State .

Benefits

• Attractive salary package commensurate with experience.
• Comprehensive benefits including medical aid, life insurance, and pension fund.
• Generous annual leave allowance.
• Opportunities for professional development, training, and advancement.
• A supportive and dynamic work environment.
• Access to advanced underwriting tools and resources.
• Potential for performance-related bonuses.