Insurance Underwriter

Placements24; Upington; On-site; ZAR 300,000 - 540,000; Full time

Benefits offered by this job

Competitive salary

Performance bonuses

Medical aid

Retirement fund

Professional development

Stable environment

Reputable company

Client protection

Job summary

Placements24 is seeking an Insurance Underwriter in Upington, Northern Cape. You will evaluate applications, assess risks, and determine policy terms and pricing to ensure profitable coverage.

Join a dynamic team focused on accurate risk evaluation, regulatory adherence, and clear communication with agents and clients. This role offers growth within a respected insurance firm in Upington.

Qualifications

• Degree in finance, economics, business or related field.
• Strong analytical and risk assessment capabilities.
• Experience with underwriting processes and policy terms.
• Excellent communication and decision-making skills.

Responsibilities

• Review insurance applications, assess risks and determine coverage.
• Calculate premiums and ensure pricing is competitive and profitable.
• Adhere to underwriting policies and regulatory requirements.
• Communicate with agents and clients to gather information and explain decisions.
• Maintain records of underwriting decisions and rationales.
• Stay informed on industry trends and regulatory changes affecting Upington.
• Collaborate with claims and actuarial teams on risk insights.

Skills

Analytical thinking

Decision making

Communication

Attention to detail

Interpersonal skills

Education

Bachelor's degree in Finance, Economics, or Business

Tools

Underwriting software

MS Office

Job description

About the Role

Our client, a dynamic insurance company, is seeking a skilled Insurance Underwriter to join their team in Upington, Northern Cape. This role is crucial for evaluating and managing the risks associated with insurance applications, ensuring that policies are priced accurately and appropriately. You will analyze applicant information, assess potential risks, and make informed decisions regarding policy acceptance and terms. The ideal candidate possesses strong analytical abilities, a thorough understanding of insurance principles, and excellent judgment. This is a fantastic opportunity to build a solid career in the insurance sector within Upington, contributing to the company's stability and growth.

Key Responsibilities

• Review and assess insurance applications for various types of policies, identifying and evaluating potential risks.
• Determine appropriate coverage levels, terms, and conditions based on risk analysis and company guidelines.
• Calculate premiums and ensure pricing is competitive yet profitable.
• Adhere to underwriting policies, procedures, and regulatory requirements.
• Communicate with agents, brokers, and policyholders to gather necessary information and explain decisions.
• Maintain accurate records of underwriting decisions and justifications.
• Stay informed about industry trends, new products, and changes in the regulatory landscape affecting Upington and the Northern Cape.
• Collaborate with claims and actuarial departments to share insights on risk trends.

Requirements

• Bachelor's degree in Finance, Economics, Business, or a related field.
• Minimum of 3 years of experience in insurance underwriting or a closely related role.
• Solid understanding of insurance products, underwriting principles, and risk assessment techniques.
• Strong analytical, critical thinking, and decision-making skills.
• Excellent attention to detail and organizational abilities.
• Good communication and interpersonal skills.
• Proficiency in using underwriting software and standard office applications.
• Familiarity with the local Upington market is an advantage.

Benefits

• Competitive annual salary and potential for performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development and acquiring further certifications.
• A stable and supportive work environment in Upington, Northern Cape.
• Work within a respected and established insurance company.
• Contribute to providing essential financial protection to clients.