Commercial Underwriter - Insurance Specialist

Placements24; Cape Town; Presencial; ZAR 700.000 - 1.200.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Annual bonus

Medical and dental coverage

Retirement savings plan

Professional development

Relocation assistance

Paid time off

Descripción de la vacante

Placements24 in Cape Town, Western Cape, is seeking a skilled Commercial Underwriter to assess and manage risks for commercial insurance applications. The role involves working with brokers and clients to develop tailored solutions while maintaining profitability and portfolio balance.

The ideal candidate has a minimum of 4 years in commercial underwriting, strong analytical and negotiation skills, and proficiency in underwriting software and MS Office.

Formación

• Bachelor's degree in finance, economics, business admin, or related field.
• Minimum of 4 years of experience in commercial insurance underwriting.
• Demonstrated ability to underwrite a diverse range of risks.
• Strong financial analysis and risk assessment knowledge.
• Excellent negotiation, communication, and relationship-building skills.
• Proficiency in underwriting software and MS Office Suite.
• Based in or able to commute to Cape Town, South Africa.

Responsabilidades

• Underwrite new and renewal commercial insurance business, assessing risks and determining appropriate terms, conditions, and pricing.
• Analyze financial statements, business operations, and industry trends to evaluate risk exposures.
• Develop and maintain strong relationships with brokers, agents, and clients to foster business growth.
• Ensure underwriting decisions align with the company's underwriting guidelines, strategic objectives, and risk appetite.
• Communicate underwriting decisions and rationale clearly and concisely to internal teams and external partners.
• Identify and pursue new business opportunities within the commercial insurance sector in Cape Town.
• Monitor the performance of the underwritten portfolio and recommend corrective actions as necessary.
• Collaborate with claims, actuarial, and marketing departments to ensure a cohesive approach to business development and risk management.
• Stay informed about market developments, competitor activities, and emerging risks affecting the commercial insurance landscape in Western Cape.
• Contribute to the development and refinement of underwriting tools and processes.

Conocimientos

Negotiation

Communication

Relationship-building

Analytical thinking

Problem-solving

Educación

Bachelor's degree in Finance, Economics, Business Administration, or related field

Herramientas

Underwriting software

MS Office Suite

Descripción del empleo

About the Role

Our client, a prestigious insurance corporation, is seeking a highly skilled and analytical Commercial Underwriter to join their expanding operations in **Cape Town**, **Western Cape**. This pivotal role involves assessing and managing the risks associated with commercial insurance applications, ensuring the company's portfolio remains profitable and well-balanced. The successful candidate will work closely with brokers and agents to develop tailored insurance solutions for a diverse range of businesses. We are looking for an individual with a keen eye for detail, a strong understanding of commercial markets, and the ability to make sound underwriting decisions. This position offers an excellent opportunity to advance your career in a stimulating and supportive environment. You will play a critical part in evaluating complex risks and structuring appropriate coverage for our clientele, contributing directly to the firm's strategic objectives. The role requires a proactive approach to market analysis and a commitment to maintaining high professional standards. As a key member of the underwriting team in **Cape Town**, you will be entrusted with significant responsibilities and have the chance to shape our client's commercial insurance offerings.

Key Responsibilities

• Underwrite new and renewal commercial insurance business, assessing risks and determining appropriate terms, conditions, and pricing.
• Analyze financial statements, business operations, and industry trends to evaluate risk exposures.
• Develop and maintain strong relationships with brokers, agents, and clients to foster business growth.
• Ensure underwriting decisions align with the company's underwriting guidelines, strategic objectives, and risk appetite.
• Communicate underwriting decisions and rationale clearly and concisely to internal teams and external partners.
• Identify and pursue new business opportunities within the commercial insurance sector in **Cape Town**.
• Monitor the performance of the underwritten portfolio and recommend corrective actions as necessary.
• Collaborate with claims, actuarial, and marketing departments to ensure a cohesive approach to business development and risk management.
• Stay informed about market developments, competitor activities, and emerging risks affecting the commercial insurance landscape in **Western Cape**.
• Contribute to the development and refinement of underwriting tools and processes.

Requirements

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 4 years of experience in commercial insurance underwriting.
• Demonstrated ability to underwrite a diverse range of commercial risks.
• Strong understanding of financial analysis and risk assessment principles.
• Excellent negotiation, communication, and relationship-building skills.
• Proficiency in underwriting software and MS Office Suite.
• Ability to work effectively under pressure and meet deadlines.
• Detail-oriented with strong analytical and problem-solving capabilities.
• Professional certifications such as ACII or equivalent are advantageous.
• Must be based in or able to commute to **Cape Town**, **South Africa**.

Benefits

• Attractive salary commensurate with experience.
• Annual bonus incentive program.
• Comprehensive medical and dental coverage.
• Retirement savings plan with company contribution.
• Paid time off and holiday leave.
• Opportunities for professional development and certifications.
• A dynamic and forward-thinking work environment in **Cape Town**.
• Employee assistance program.
• Relocation assistance may be considered for exceptional candidates.