Financial Lines Underwriter - Specialist

Placements24; Welkom; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Fully remote work

Professional development

Retirement plan

Wellness program

Performance bonus

Generous leave

Job summary

Placements24 is seeking a highly experienced Financial Lines Underwriter for a fully remote role based in South Africa. You will assess complex professional indemnity, D&O, and cyber risks, structure coverage, and manage a profit-focused portfolio while working remotely from any approved location.

The ideal candidate has 5+ years in financial lines underwriting, strong analytical and negotiation abilities, and professional designations such as ACII.

Qualifications

• Minimum 5 years specialized underwriting experience in Financial Lines.
• ACII designation is valued.
• Strong negotiation and communication skills.

Responsibilities

• Underwrite financial lines insurance applications, assessing risks and determining terms, conditions and pricing.
• Develop and maintain relationships with brokers and clients in financial services.
• Analyze financial statements, business operations and legal exposures to gauge risk.
• Structure and negotiate innovative insurance solutions for clients.
• Manage a portfolio of financial lines with focus on profitability and compliance.
• Stay updated on market developments, regulatory changes, and emerging risks.

Skills

Risk analysis

Financial statement evaluation

Negotiation

Communication

Interpersonal skills

Portfolio management

Education

ACII

Tools

Underwriting platforms

Data analysis tools

Job description

About the Role

Our client, a renowned insurance provider, is seeking a highly specialized Financial Lines Underwriter to join their expanding, entirely remote underwriting team. This critical role focuses on the assessment and acceptance of complex financial risks, including Professional Indemnity, Directors & Officers (D&O), and Cyber Liability insurance. You will leverage your deep industry knowledge and analytical skills to evaluate submissions, structure appropriate coverage, and manage a portfolio of high-value clients. This is an exceptional opportunity to contribute to a market‑leading firm within a fully remote setup, offering the flexibility to work from any approved location in South Africa. We pride ourselves on fostering a culture of expertise and continuous improvement, equipping our remote professionals with the best tools and support to succeed. Your insights will be crucial in navigating the intricate landscape of financial risks and ensuring the profitability of our specialty lines business.

Key Responsibilities

• Underwrite financial lines insurance applications, assessing risks and determining terms, conditions, and pricing.
• Develop and maintain strong relationships with brokers and clients in the financial services sector.
• Analyze financial statements, business operations, and legal exposures to accurately gauge risk.
• Structure and negotiate innovative insurance solutions tailored to client needs.
• Manage a portfolio of financial lines business, ensuring profitability and compliance.
• Stay abreast of market developments, emerging risks, and regulatory changes impacting financial lines.
• Collaborate with claims teams to provide underwriting input on complex claims.
• Contribute to the development of underwriting strategies and appetite for financial lines products.
• Provide technical underwriting guidance and support to junior underwriters.
• Uphold the company's underwriting philosophy and risk management standards.

Requirements

• A minimum of 5 years of specialized underwriting experience in Financial Lines (PI, D&O, Cyber).
• Demonstrated expertise in risk analysis and financial statement evaluation.
• Strong negotiation, communication, and interpersonal skills.
• Proven ability to manage a profitable book of business.
• Excellent understanding of the legal and regulatory landscape relevant to financial lines.
• Ability to work autonomously and manage a demanding workload in a remote environment.
• Relevant professional designations (e.g., ACII) are highly valued.
• Proficiency with underwriting platforms and data analysis tools.
• A dedicated, professional remote workspace with reliable high-speed internet.
• Capacity for strategic thinking and proactive risk mitigation.

Benefits

• A competitive annual salary of ZAR.
• Fully remote work arrangement with comprehensive support.
• Opportunities for continued professional development and specialization.
• Access to advanced underwriting resources and market intelligence.
• Participation in a dynamic and expert remote team.
• Generous annual leave and benefits package.
• Company matched retirement savings plan.
• Wellness initiatives for remote employees.
• Performance-driven bonus structure.
• Enjoy the ultimate flexibility of working remotely from anywhere in South Africa.