Commercial Underwriter

Placements24

Pretoria

Hybrid

ZAR 600,000 - 900,000

Full time

3 days ago

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Benefits offered by this job

Competitive salary

Hybrid work model

Health insurance

Retirement plan

Career progression

Job summary

Placements24 in Pretoria is seeking a Commercial Underwriter with a proven track record to evaluate and manage commercial insurance risks. You will determine premiums, define policy terms, and work with brokers and internal teams to support growth and stability.

The role requires at least four years in commercial underwriting, strong analytical and communication skills, and proficiency with underwriting software and data analysis tools.

Qualifications

Minimum 4 years of professional experience in commercial insurance underwriting.
Strong understanding of commercial insurance products including property, casualty, and specialty lines.
Proven ability to perform risk analysis and sound underwriting judgments.
Excellent communication, negotiation and relationship-building skills.
Experience with underwriting software and data analysis tools.
A Finance or Business related degree is desirable.

Responsibilities

Review and assess commercial insurance proposals for risks and compliance.
Set premiums and policy conditions for new and existing business.
Build and maintain relationships with brokers and agents.
Collaborate with claims to analyze loss trends and inform strategies.
Monitor market dynamics and regulatory changes.
Provide expert underwriting guidance to internal teams and external partners.

Skills

Underwriting

Communication

Negotiation

Relationship building

Risk analysis

Education

Finance degree

Business degree

Related field

Tools

Underwriting software

Data analysis

Job description

About the Role

Our client is looking for a skilled and proactive Commercial Underwriter to enhance their team in Pretoria . This position is central to evaluating and managing the risks associated with commercial insurance policies, playing a vital role in the company's strategic growth and financial stability. You will be responsible for assessing insurance applications, setting appropriate premiums, and defining policy terms, working collaboratively with brokers and internal stakeholders. The ideal candidate possesses a keen analytical mind, robust decision-making capabilities, and a deep understanding of the commercial insurance landscape. This role provides a fantastic platform for professional development within a well-regarded insurance firm located in Pretoria .

Key Responsibilities

Review and assess commercial insurance proposals, identifying potential risks and ensuring compliance with underwriting standards.
Determine premiums and policy conditions for new and existing business, balancing risk and profitability.
Develop and maintain strong working relationships with insurance brokers and agents to foster business opportunities.
Collaborate with the claims department to analyze loss trends and inform underwriting strategies.
Stay informed about market dynamics, regulatory changes, and emerging risks relevant to commercial insurance.
Provide expert advice on underwriting matters to both internal teams and external partners.

Requirements

A minimum of 4 years of professional experience in commercial insurance underwriting .
Solid understanding of commercial insurance products, including property, casualty, and specialty lines.
Proven ability to perform thorough risk analysis and make sound underwriting judgments.
Strong communication, negotiation, and relationship-building skills.
Experience with underwriting software and data analysis tools.
A degree in Finance, Business, or a related field is desirable.

Benefits