Commercial Insurance Underwriter

Placements24; Mossel Bay; Hybrid; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Competitive salary and incentives

Health and retirement benefits

Professional development

Hybrid work environment

Strong team culture

Job summary

Placements24 in Mossel Bay invites a seasoned Commercial Insurance Underwriter to join our client team. You will assess and underwrite new and renewal commercial policies, including property, liability, and business interruption, ensuring profitability and compliance with underwriting standards.

You will collaborate with brokers and clients to understand operations and exposures, monitor portfolio performance, and contribute to risk evaluation, pricing decisions, and professional development

Qualifications

• 4+ years of experience in commercial insurance underwriting.
• Strong understanding of commercial insurance products, legal exposures, and risk management principles.
• Excellent analytical, decision-making, and problem-solving skills.
• Effective communication and negotiation abilities for interacting with brokers and clients.
• Proficiency in underwriting software and Microsoft Office Suite applications.

Responsibilities

• Evaluate and underwrite new and renewal commercial insurance applications, including property, liability, and business interruption risks.
• Analyze financial statements, business operations, and risk management practices of prospective clients.
• Determine appropriate premium rates, deductibles, and policy terms based on risk assessment and market conditions.
• Collaborate with brokers and agents to gather necessary information and explain underwriting decisions clearly.
• Monitor the performance of the commercial portfolio, identifying trends and potential risks.
• Ensure compliance with all regulatory requirements and internal underwriting guidelines.

Skills

Analytical thinking

Decision making

Problem solving

Communication

Negotiation

Tools

Underwriting software

Microsoft Office

Job description

Our client is seeking a seasoned Commercial Insurance Underwriter to enhance their team in Mossel Bay . This critical role involves assessing and managing the risks associated with commercial insurance policies, ensuring profitability and compliance with underwriting standards. You will work closely with brokers and clients to understand business operations and exposures, making informed decisions on policy terms, conditions, and pricing. Your expertise will be vital in supporting the growth of the commercial portfolio within the dynamic Western Cape region, fostering strong relationships and delivering expert risk assessment services.

Key Responsibilities

• Evaluate and underwrite new and renewal commercial insurance applications, including property, liability, and business interruption risks.
• Analyze financial statements, business operations, and risk management practices of prospective clients.
• Determine appropriate premium rates, deductibles, and policy terms based on risk assessment and market conditions.
• Collaborate with brokers and agents to gather necessary information and explain underwriting decisions clearly.
• Monitor the performance of the commercial portfolio, identifying trends and potential risks.
• Ensure compliance with all regulatory requirements and internal underwriting guidelines .

Requirements

• A minimum of 4 years of experience in commercial insurance underwriting .
• Strong understanding of commercial insurance products, legal exposures, and risk management principles.
• Excellent analytical, decision-making, and problem-solving skills.
• Effective communication and negotiation abilities for interacting with brokers and clients.
• Proficiency in underwriting software and Microsoft Office Suite applications.

Benefits

• Competitive salary and performance-based incentives.
• Comprehensive health and retirement benefits.
• Professional development opportunities and support for industry certifications .
• A hybrid work environment providing a balance between office collaboration and remote flexibility.
• A supportive team culture focused on technical excellence and client service in Mossel Bay .