Commercial Underwriter

Morton Moore Financial Services; George; Sur place; ZAR 420 000 - 660 000; Plein temps

Résumé du poste

Morton Moore Financial Services in George, Western Cape, is seeking an experienced Commercial Underwriter to manage renewals, endorsements and new business with limited supervision. You will analyse client risk, interpret policy wordings and negotiate terms with insurers while building a medium to long term portfolio in the Garden Route.

We require solid FAIS compliance, strong communication and chances to advance to portfolio management.

Qualifications

• Proven experience in commercial underwriting within short-term insurance.
• Solid technical understanding of policy wordings, extensions, limits and excesses.
• Compliance with FAIS fit and proper requirements and regulatory exams.
• Ability to assess sums insured and underinsurance exposure with confidence.
• Strong negotiation skills and insurer relation-building.

Responsabilités

• Manage commercial renewals, endorsements and new business end-to-end.
• Analyse clients' businesses to identify material risks and gaps in cover.
• Interpret policy wordings, exclusions, extensions, limits and excesses.
• Obtain and compare quotations and negotiate terms with insurers.
• Provide sound insurance recommendations beyond simple processing of instructions.
• Review sums insured and valuation bases; monitor underinsurance exposure.
• Prepare records of advice and maintain FAIS compliance.
• Develop towards managing a commercial portfolio with limited supervision.

Connaissances

Commercial underwriting

Risk assessment

FAIS compliance

Client communication

Portfolio growth

Formation

FAIS regulatory exam

Description du poste

Commercial Underwriter George, Western Cape Overview

Our client, an established independent short-term insurance brokerage based in George, services a diverse commercial client base and partners with several leading South African insurers. They are looking for an experienced Commercial Underwriter who genuinely understands commercial risk, rather than an administrative policy processor. This role offers the opportunity to grow into managing a commercial portfolio with limited supervision and to build a medium to long term career in the Garden Route.

Key Responsibilities

• Manage commercial renewals, endorsements and new business from start to finish.
• Analyse clients' businesses in order to identify material risks and gaps in cover.
• Interpret commercial policy wordings, including exclusions, extensions, limits and excesses.
• Obtain and compare quotations from insurers and negotiate terms on behalf of clients.
• Provide sound, considered insurance recommendations rather than simply processing client instructions.
• Review sums insured, the basis of valuation and potential underinsurance exposure.
• Apply an understanding of how underwriting decisions, claims experience and loss ratios relate to one another.
• Prepare clear records of advice and maintain FAIS and PPR compliance.
• Authorise claims payments presented by the claims department on a rotational basis.
• Communicate professionally with clients, insurers, claims personnel and colleagues.
• Take ownership of work and follow all matters through to completion.
• Develop towards taking full responsibility for a commercial portfolio with limited supervision.

Requirements

• Proven experience as a Commercial Underwriter within the short-term insurance industry, preferably in a brokerage environment.
• A solid technical understanding of commercial risk, policy wordings, extensions, limits and excesses.
• Compliance with FAIS fit and proper requirements, including the relevant qualification and regulatory examination where applicable.
• The ability to assess sums insured, valuation methods and underinsurance exposure with confidence.
• Strong negotiation skills and established working relationships with insurers, or the ability to build them quickly.
• Excellent written and verbal communication skills in order to engage clients, insurers and colleagues professionally.
• A high level of accuracy, accountability and follow through.
• The ability to work independently and to grow into managing a commercial portfolio with limited supervision.
• A commitment to building a medium to long term career in George and the surrounding Garden Route area.

Benefits and Compensation

The salary for this position is open and will be determined by the candidate's level of experience and technical ability, so our client welcomes applications from suitably qualified professionals across a range of salary expectations.

Further details regarding benefits have not been confirmed by our client at this stage and will be discussed during the interview process.