Commercial Underwriter - Large Corporate Risks

Placements24; Rustenburg; On-site; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Annual bonus

Medical aid

Provident fund

Professional development

Wellness programs

Job summary

Placements24 is partnering with a prominent global insurer to recruit a Commercial Underwriter for the Rustenburg, North West area. You will assess and underwrite large corporate risks, analyze financial statements, and tailor terms, conditions, and pricing across multiple industries.

The role requires at least 7 years in commercial underwriting, with ACII/CSRP desirable, and strong negotiation and communication skills. Occasional travel within the region is expected.

Qualifications

• Relevant degree in Finance, Commerce, Risk Management or related field.
• Minimum 7 years of experience in commercial underwriting, with focus on corporate or large enterprise risks.
• Strong analytical and risk assessment capabilities.

Responsibilities

• Underwrite new and renewal commercial insurance business for large corporate accounts.
• Analyze financial statements, business plans, and risk management strategies of clients.
• Assess industry-specific risks and develop coverage terms and pricing.
• Collaborate with brokers to understand client needs and explain underwriting decisions.
• Maintain relationships with key partners and clients in the North West region.
• Monitor underwriting portfolio profitability and risk appetite compliance.
• Contribute to underwriting guidelines and strategies.
• Identify market trends to inform underwriting decisions.
• Provide guidance to junior underwriters and support staff.

Skills

Analytical skills

Negotiation

Communication

Interpersonal skills

Education

Relevant degree in Finance/Commerce/Risk Management

Tools

MS Office Suite

Job description

About the Role

Our client, a prominent global insurer, is seeking an accomplished Commercial Underwriter to join their team in Rustenburg, North West . This critical role involves assessing and underwriting large, complex commercial insurance risks across various industries. You will be responsible for evaluating policy applications, analyzing financial statements, understanding business operations, and determining appropriate coverage terms, conditions, and pricing. The ideal candidate will possess strong analytical skills, a keen eye for detail, and a proven ability to build and maintain profitable underwriting portfolios. This is an excellent opportunity to work with a diverse range of commercial clients and contribute to the strategic growth of our underwriting operations in the region.

Key Responsibilities

• Underwrite new and renewal commercial insurance business, focusing on large corporate accounts.
• Analyze financial statements, business plans, and risk management strategies of prospective clients.
• Assess industry-specific risks and develop appropriate coverage solutions, terms, and pricing.
• Collaborate with brokers and agents to understand client needs and explain underwriting decisions.
• Develop and maintain strong relationships with key business partners and clients in the North West region.
• Monitor the performance of the underwriting portfolio, ensuring profitability and adherence to risk appetite.
• Contribute to the development and implementation of underwriting guidelines and strategies.
• Identify market trends and competitive intelligence to inform underwriting decisions.
• Provide technical expertise and guidance to junior underwriters and support staff.

Requirements

• A relevant degree in Finance, Commerce, Risk Management, or a related field.
• Minimum of 7 years of experience in commercial underwriting, with a strong focus on corporate or large enterprise risks.
• Comprehensive understanding of commercial insurance products (e.g., Property, Liability, Business Interruption).
• Proven ability to analyze complex financial data and risk exposures.
• Excellent negotiation, communication, and interpersonal skills.
• Strong decision-making skills and the ability to work under pressure.
• Professional designations (e.g., ACII, CSRP) are highly desirable.
• Proficiency in underwriting systems and MS Office Suite.
• Ability to travel occasionally within the region to meet with clients and brokers.

Benefits

Our client offers a competitive salary package, including an annual performance bonus, comprehensive medical aid, and a significant contribution to a provident fund. Opportunities for professional development are abundant, with support for further qualifications and specialized training. Employees enjoy access to wellness programs and a supportive team environment in our modern Rustenburg offices. We are committed to fostering a culture of continuous learning and career progression for our dedicated underwriters.