Commercial Underwriter

Placements24; George; On-site; ZAR 420,000 - 680,000; Full time

Benefits offered by this job

Annual bonus

Private health insurance

Life cover

Pension scheme

Career advancement

On-site role

Job summary

Placements24 in George is seeking a knowledgeable Commercial Underwriter to join our expanding insurance team. You will assess risk, set terms, and price commercial policies, working closely with brokers to tailor solutions that fit client needs while protecting profitability.

With a minimum of four years’ underwriting experience, you will monitor portfolios, maintain regulatory compliance, and collaborate with claims and actuarial teams to refine pricing strategies.

Qualifications

• Minimum 4 years of experience in commercial underwriting.
• Strong knowledge of property, casualty, and liability products.
• Ability to interpret financial statements and risk data.
• Proven broker relationship-building skills.
• Professional qualifications such as ACII or CIP are advantageous.

Responsibilities

• Analyze and evaluate commercial insurance applications to assess risk exposure accurately.
• Determine policy terms, conditions, and pricing based on risk and guidelines.
• Develop and maintain relationships with brokers and agents, providing technical guidance.
• Monitor performance of assigned portfolios and suggest strategic adjustments.
• Ensure compliance with regulations and underwriting standards; collaborate with claims and actuarial teams.

Skills

Risk assessment

Broker relationships

Analytical skills

Regulatory awareness

Education

ACII

CIP

Tools

Underwriting software

IT systems proficiency

Job description

About the Role

Our client is seeking a knowledgeable and detail-oriented Commercial Underwriter to join their expanding team in George . This role is critical in assessing and managing risk for commercial insurance policies, ensuring the profitability and stability of the company's portfolio. You will work closely with brokers and agents to understand client needs and provide tailored underwriting solutions. The successful candidate will contribute to a collaborative team environment, leveraging their expertise to make informed underwriting decisions that align with the company's strategic objectives, based in a vibrant coastal city known for its growing business sector.

Key Responsibilities

• Analyze and evaluate commercial insurance applications to assess risk exposure accurately.
• Determine appropriate policy terms, conditions, and pricing based on risk assessment and company guidelines.
• Develop and maintain strong relationships with brokers and agents, providing technical support and guidance.
• Monitor the performance of assigned portfolios, identifying trends and recommending adjustments to strategy.
• Ensure compliance with all relevant regulations and underwriting standards.
• Collaborate with claims and actuarial departments to provide insights on risk and pricing.

Requirements

• Minimum of 4 years of experience in commercial underwriting within the insurance industry.
• Strong understanding of commercial insurance products, including property, casualty, and liability.
• Excellent analytical skills with the ability to interpret financial statements and risk data.
• Demonstrated ability to build and maintain effective broker relationships.
• Proficiency in underwriting software and relevant IT systems.
• Relevant professional qualifications (e.g., ACII, CIP) are a significant advantage.

Benefits

• Attractive annual salary and potential performance bonuses.
• On-site role in the scenic city of George, facilitating strong team collaboration.
• Comprehensive private health insurance and life cover.
• Pension fund contributions and other retirement benefits.
• Opportunities for career advancement and specialized training in underwriting.