Insurance Underwriter (Commercial Lines)

Placements24; Noord-Kaap; On-site; ZAR 700,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Performance bonuses

Professional development opportunities

Job summary

Placements24 is seeking an experienced Insurance Underwriter specializing in commercial lines to join our client’s team in Kimberley. You will assess applications, price policies, and manage a portfolio of commercial clients, leveraging strong analytical and decision-making abilities within the South African market.

The role requires a Bachelor's degree in a related field and a minimum of 4 years of underwriting experience, with proficiency in MS Office and underwriting systems.

Qualifications

• Bachelor's degree in Commerce, Finance, Risk Management, or related field.
• Minimum of 4 years of experience in commercial lines insurance underwriting.
• Ability to analyze complex commercial risks and make sound underwriting decisions.
• Strong understanding of commercial insurance products (e.g., Business Interruption, Public Liability, Commercial Property).
• Excellent analytical, problem-solving, and decision-making skills.
• Knowledge of the South African commercial insurance market and underwriting systems; MS Office Suite.

Responsibilities

• Assess and underwrite commercial insurance applications, including property, casualty, and liability risks.
• Determine policy terms, conditions, premiums, and exclusions based on risk assessment.
• Analyze financial statements, business operations, and risk management practices of prospective clients.
• Build and maintain relationships with brokers and agents to facilitate business flow.
• Manage a portfolio of commercial insurance risks, ensuring profitability and adherence to guidelines.
• Monitor industry trends and economic factors affecting commercial risks.
• Collaborate with claims, actuarial, and other departments for seamless service delivery.
• Stay updated on regulatory changes and their implications for commercial underwriting.
• Identify cross-selling and up-selling opportunities related to insurance products.
• Provide expert advice and support to brokers and internal stakeholders on underwriting matters.

Skills

Analytical thinking

Decision-making

Communication & negotiation

Risk assessment

Education

Bachelor's degree in Commerce, Finance, Risk Management, or related field

Tools

MS Office Suite

Underwriting systems

Job description

About the Role

Our client, a leading commercial insurance provider, is seeking a skilled and experienced Insurance Underwriter specializing in commercial lines to join their reputable team in Kimberley. This position requires an individual with a strong analytical aptitude and a comprehensive understanding of commercial risks to accurately assess and price insurance policies. You will play a key role in evaluating applications, determining policy terms and conditions, and managing a portfolio of commercial clients. The ideal candidate will have a keen eye for detail, excellent decision-making abilities, and a solid grasp of the South African commercial insurance market. This is an excellent opportunity to advance your career in underwriting with a respected organization in Kimberley.

Key Responsibilities

• Assess and underwrite commercial insurance applications, including property, casualty, and liability risks.
• Determine appropriate policy terms, conditions, premiums, and exclusions based on risk assessment.
• Analyze financial statements, business operations, and risk management practices of prospective clients.
• Build and maintain relationships with brokers and agents to facilitate business flow.
• Manage a portfolio of commercial insurance risks, ensuring profitability and adherence to guidelines.
• Monitor industry trends and economic factors that may impact commercial risks.
• Collaborate with claims, actuarial, and other departments to ensure seamless service delivery.
• Stay updated on regulatory changes and their implications for commercial underwriting.
• Identify opportunities for cross-selling and up-selling related insurance products.
• Provide expert advice and support to brokers and internal stakeholders on underwriting matters.

Requirements

• Bachelor's degree in Commerce, Finance, Risk Management, or a related field.
• Minimum of 4 years of experience in commercial lines insurance underwriting.
• Demonstrated ability to analyze complex commercial risks and make sound underwriting decisions.
• Strong understanding of various commercial insurance products (e.g., Business Interruption, Public Liability, Commercial Property).
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in underwriting systems and MS Office Suite.
• Knowledge of the South African commercial insurance market is essential.
• Strong communication and negotiation skills.
• Ability to manage a workload efficiently and meet deadlines in Kimberley.
• Professional qualifications in insurance (e.g., IIU, LOMA) are highly desirable.

Benefits

• Our client offers a competitive salary, a comprehensive benefits package including medical aid, a provident fund, and performance bonuses.
• Employees benefit from professional development opportunities, training programs, and a supportive team environment.
• Join a well-established company in Kimberley committed to providing excellent insurance solutions.
• This role offers a stable career path and the chance to become a specialist in commercial insurance underwriting.