Commercial Lines Underwriter - WhatJobs Direct

Placements24; Bellville; Hybrid; ZAR 700,000 - 1,200,000; Full time

Benefits offered by this job

Remote work across SA

Competitive salary

Medical aid

Pension fund

Performance bonuses

Job summary

Placements24 in Centurion, Gauteng, is seeking a seasoned Commercial Lines Underwriter to join our expanding insurance team. You will evaluate, price and underwrite diverse commercial risks while supporting brokers and clients to drive profitable growth.

The ideal candidate holds a bachelor’s degree in business, finance or risk management and has at least six years’ experience underwriting complex commercial risks across industries.

Qualifications

• Bachelor’s degree in Business, Finance, Risk Management, or a related discipline.
• Minimum 6 years of experience in commercial lines underwriting.
• Proven ability to underwrite complex commercial risks across various industries.
• Strong understanding of commercial insurance products, legal requirements, and market conditions.

Responsibilities

• Evaluate and underwrite a diverse range of commercial insurance applications, including property, casualty, and liability.
• Analyze financial statements, business operations, and risk exposures to determine appropriate coverage and pricing.
• Develop and maintain strong relationships with brokers and agents, providing expert advice and support.
• Set and manage underwriting authorities and guidelines within defined risk appetite.
• Monitor the performance of the commercial lines portfolio, identifying trends and areas for improvement.
• Collaborate with the claims department to ensure seamless policy lifecycle management.
• Stay abreast of market developments, regulatory changes, and industry best practices in commercial insurance.
• Contribute to the development and enhancement of underwriting tools and processes.
• Ensure accurate and timely processing of policy documentation.
• Assist in the training and development of junior underwriting staff.

Skills

Commercial underwriting

Analytical skills

Negotiation

Communication

MS Office Suite

Education

Bachelor’s degree in Business/Finance/Risk Management

Tools

Underwriting systems

MS Office

Job description

About the Role Our client is seeking a seasoned Commercial Lines Underwriter to join their expanding operations. This role, based in the vibrant area of Centurion, Gauteng , is crucial for the profitable growth of our commercial insurance portfolio. The ideal candidate will possess a keen eye for detail, a strong understanding of commercial risks, and the ability to develop effective underwriting strategies. You will be responsible for evaluating, selecting, and pricing commercial risks to ensure the company's financial objectives are met while providing exceptional service to brokers and clients. This is an exciting opportunity to make a significant impact in a forward-thinking insurance company.

Key Responsibilities

• Evaluate and underwrite a diverse range of commercial insurance applications, including property, casualty, and liability.
• Analyze financial statements, business operations, and risk exposures to determine appropriate coverage and pricing.
• Develop and maintain strong relationships with brokers and agents, providing expert advice and support.
• Set and manage underwriting authorities and guidelines within defined risk appetite.
• Monitor the performance of the commercial lines portfolio, identifying trends and areas for improvement.
• Collaborate with the claims department to ensure seamless policy lifecycle management.
• Stay abreast of market developments, regulatory changes, and industry best practices in commercial insurance.
• Contribute to the development and enhancement of underwriting tools and processes.
• Ensure accurate and timely processing of policy documentation.
• Assist in the training and development of junior underwriting staff.

Requirements

• A Bachelor's degree in Business, Finance, Risk Management, or a related discipline.
• A minimum of 6 years of experience in commercial lines insurance underwriting.
• Proven ability to underwrite complex commercial risks across various industries.
• Strong understanding of commercial insurance products, legal requirements, and market conditions relevant to Centurion, Gauteng .
• Excellent analytical, negotiation, and decision-making skills.
• Exceptional communication and interpersonal skills.
• Proficiency in underwriting systems and MS Office Suite.
• Ability to manage a challenging workload and meet deadlines effectively.
• A professional designation (e.g., CIP, ACII) is advantageous.
• Demonstrated ability to work independently and as part of a collaborative team.

Benefits

• This role offers a competitive annual salary of , negotiable based on experience and qualifications.
• Our client provides a comprehensive benefits package, including extensive medical aid coverage, a pension fund, and performance-related bonuses.
• We are committed to employee growth and offer numerous opportunities for professional development and career advancement within the insurance industry.
• The fully remote nature of this position allows for unparalleled flexibility and work-life balance, enabling you to work from anywhere within South Africa while remaining an integral part of our team.