Insurance Underwriter - Commercial Lines

Placements24; Randburg; Hybrid; ZAR 450,000 - 700,000; Full time

Benefits offered by this job

Medical aid

Pension fund

Performance bonuses

Professional development

Hybrid work arrangement

Job summary

Placements24 in Randburg is seeking an experienced Insurance Underwriter specializing in commercial lines. You will evaluate, price, and issue policy documents while building strong broker relationships.

The role operates in a hybrid work setup in Randburg, offering opportunities for professional growth. The ideal candidate has 5+ years in underwriting, deep knowledge of commercial property, casualty, and liability products, and strong analytical and negotiation skills.

Qualifications

• Bachelor's degree in Finance, Business, or related field.
• At least 5 years of underwriting experience in commercial lines.
• Deep knowledge of commercial property, casualty, and liability products.
• Strong analytical, decision-making, and negotiation skills.
• Excellent communication and broker relationship abilities.
• ACII or FLMI certifications desirable.

Responsibilities

• Analyze commercial insurance applications, assessing risks and determining eligibility for coverage.
• Calculate premiums, set terms and conditions, and issue policy documents.
• Develop and maintain strong relationships with brokers and agents, providing technical support and guidance.
• Monitor underwriting performance and market trends, adjusting strategies as needed.
• Collaborate with claims and risk control departments to ensure comprehensive client service.
• Ensure compliance with underwriting guidelines, company policies, and regulatory requirements.

Skills

Analytical skills

Decision making

Negotiation skills

Communication skills

Education

Bachelor's degree in Finance/Business

Job description

About the Role

Our client is seeking an experienced Insurance Underwriter specializing in commercial lines to join their professional team in Randburg . This role is critical for evaluating, selecting, and pricing commercial insurance risks to achieve profitable growth. You will work closely with brokers and agents to understand client needs and provide appropriate insurance solutions. The ideal candidate possesses a strong analytical aptitude, a deep understanding of commercial insurance products, and excellent decision‑making skills, operating effectively within a hybrid work setup.

Key Responsibilities

• Analyze commercial insurance applications, assessing risks and determining eligibility for coverage.
• Calculate premiums, set terms and conditions, and issue policy documents.
• Develop and maintain strong relationships with brokers and agents, providing technical support and guidance.
• Monitor underwriting performance and market trends, adjusting strategies as needed.
• Collaborate with claims and risk control departments to ensure comprehensive client service.
• Ensure compliance with underwriting guidelines, company policies, and regulatory requirements.

Requirements

• Bachelor's degree in Finance, Business, or a related field.
• Minimum of 5 years of experience in underwriting, with a specialization in commercial lines insurance.
• In‑depth knowledge of commercial property, casualty, and liability insurance products.
• Strong analytical, decision‑making, and negotiation skills.
• Excellent communication and interpersonal abilities to foster strong broker relationships.
• Relevant underwriting certifications (e.g., ACII, FLMI) are highly desirable.

Benefits

• Competitive salary package commensurate with experience and expertise.
• Performance‑based bonuses and comprehensive benefits including medical aid and pension fund.
• Opportunities for professional development and advanced training in underwriting.
• Flexible hybrid work arrangements supporting work‑life balance.
• A dynamic and professional working environment in Randburg .