Insurance Policy Specialist

Placements24; Soweto; On-site; ZAR 350,000 - 550,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Professional development

Soweto office

Annual leave

Job summary

Placements24 seeks an Insurance Policy Specialist to manage and refine policy offerings for a Soweto-based insurer. You will analyse policy wordings, help develop new policy structures, and provide expert guidance on policy interpretation to sales, underwriting, and claims teams.

The role emphasizes accuracy, regulatory compliance, and clear communication across internal stakeholders, with a focus on maintaining high-quality documentation for diverse customers.

Qualifications

• Proven experience in insurance policy administration, underwriting, or product development.
• In-depth understanding of insurance contracts, policy wordings, and regulatory frameworks.
• Strong analytical skills with attention to detail in reviewing complex documentation.
• Excellent written and verbal communication, especially in explaining policy details.
• Ability to work independently and as part of a team within a structured office environment.
• NQF Level 4/5 insurance qualifications desirable.

Responsibilities

• Review, update, and maintain insurance policy wordings and documentation for accuracy and compliance.
• Assist in the design and development of new insurance products and policy structures.
• Provide interpretation and guidance on policy terms to sales, underwriting, and claims teams.
• Ensure documentation aligns with regulatory requirements and best practices.
• Analyze policy performance data to identify improvements.
• Collaborate with legal and compliance on policy matters.

Skills

Insurance policy administration

Underwriting

Product development

Regulatory understanding

Policy wordings

Analytical skills

Communication skills

Independent work

Education

NQF Level 4/5 in Insurance

Job description

About the Role

Our client, a significant insurance provider with operations in Soweto , is seeking a knowledgeable Insurance Policy Specialist to manage and refine their policy offerings. This role is pivotal in ensuring policy documentation is accurate, compliant, and effectively communicates coverage details to clients and internal stakeholders. You will analyze policy wordings, assist in the development of new policy structures, and provide expert guidance on policy interpretation. This position is based in our Gauteng office and requires a meticulous individual dedicated to upholding the integrity and clarity of our insurance products for our diverse customer base.

Key Responsibilities

• Review, update, and maintain insurance policy wordings and documentation for accuracy and compliance.
• Assist in the design and development of new insurance products and policy structures.
• Provide expert interpretation and guidance on policy terms and conditions to sales, underwriting, and claims teams.
• Ensure all policy documentation aligns with current regulatory requirements and industry best practices.
• Analyze policy performance data to identify areas for improvement or potential enhancements.
• Collaborate with legal and compliance departments on policy-related matters.

Requirements

• Proven experience in insurance policy administration , underwriting, or product development.
• In-depth understanding of insurance contracts, policy wordings, and regulatory frameworks.
• Strong analytical skills with exceptional attention to detail in reviewing complex documentation.
• Excellent written and verbal communication skills, particularly in explaining technical policy details.
• Ability to work independently and as part of a team within a structured office environment.
• Relevant professional qualifications in insurance (e.g., NQF Level 4/5) are highly desirable.

Benefits

• Competitive annual salary with potential for annual performance reviews and increases.
• Comprehensive medical aid and retirement fund options.
• Paid training and support for professional development within the insurance field.
• A stable and professional work environment situated in Soweto .
• Generous annual leave and other standard company benefits.