Insurance Underwriter - Complex Risks

Placements24; George; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Medical benefits

Retirement benefits

Performance bonuses

Professional growth

Job summary

Placements24 is seeking a seasoned Insurance Underwriter for our George, Western Cape office. The role focuses on assessing and accepting complex commercial and industrial risks, analyzing financial statements, risk data, and determining terms, pricing, and deductibles.

You will build broker relationships and ensure regulatory and company guideline compliance. The ideal candidate has 7+ years in underwriting, strong analytical skills, and a tertiary qualification in Finance, Economics, or

Qualifications

• 7+ years of experience in insurance underwriting, commercial lines.
• Proven track record in underwriting complex risks and achieving financial targets.
• Strong analytical, financial assessment, and decision-making skills.
• Excellent communication, negotiation, and interpersonal abilities.
• A relevant tertiary qualification in Finance, Economics, or Insurance (e.g., B.Com, ACII) is essential.
• Familiarity with George legislation and industry best practices.
• Proficiency in underwriting software and MS Office Suite.
• Proactive approach to risk management and problem-solving.
• Must be able to work effectively within the George office environment.

Responsibilities

• Evaluate and underwrite complex commercial and industrial insurance risks in George, Western Cape.
• Analyze financial data, loss histories, and operational information to assess risk exposure.
• Determine appropriate policy terms, conditions, pricing, and deductibles.
• Develop and maintain strong relationships with brokers and agents.
• Conduct thorough risk surveys and site inspections when necessary.
• Ensure compliance with underwriting guidelines, regulatory requirements, and company strategies.
• Collaborate with claims, actuarial, and legal departments.
• Monitor market trends and competitor activities.
• Manage a portfolio of accounts to achieve profitability targets.
• Prepare detailed underwriting reports and recommendations.

Skills

Analytical thinking

Communication

Negotiation

Decision making

Education

B.Com, ACII

Tools

Underwriting software

MS Office

Job description

About the Role

Our client is seeking a seasoned Insurance Underwriter to join their esteemed team in George, Western Cape . This critical role involves the assessment and acceptance of complex insurance risks, primarily focusing on commercial and industrial portfolios. The successful candidate will leverage their expertise to analyze financial statements, conduct risk assessments, and determine appropriate terms, conditions, and pricing for new and renewal business. This position offers a unique opportunity to work with a diverse range of clients and industries, contributing directly to the company's profitability and growth strategy in the George region. We are looking for an analytical thinker with a strong understanding of underwriting principles and a keen eye for detail. The ideal candidate will be adept at managing a challenging workload and making sound underwriting decisions. This role is based in our George office and requires on-site presence.

Key Responsibilities

• Evaluate and underwrite complex commercial and industrial insurance risks in George, Western Cape .


• Analyze financial data, loss histories, and operational information to assess risk exposure.


• Determine appropriate policy terms, conditions, pricing, and deductibles.


• Develop and maintain strong relationships with brokers and agents.


• Conduct thorough risk surveys and site inspections when necessary.


• Ensure compliance with underwriting guidelines, regulatory requirements, and company strategies.


• Collaborate with claims, actuarial, and legal departments.


• Monitor market trends and competitor activities.


• Manage a portfolio of accounts to achieve profitability targets.


• Prepare detailed underwriting reports and recommendations.

Requirements

• A minimum of 7 years of experience in insurance underwriting, with a specialization in commercial lines.


• Proven track record in underwriting complex risks and achieving financial targets.


• Strong analytical, financial assessment, and decision-making skills.


• Excellent communication, negotiation, and interpersonal abilities.


• A relevant tertiary qualification in Finance, Economics, or Insurance (e.g., B.Com, ACII) is essential.


• Familiarity with relevant legislation and industry best practices in George .


• Ability to interpret complex data and make informed judgments.


• Proficiency in underwriting software and MS Office Suite.


• A proactive approach to risk management and problem-solving.


• Must be able to work effectively within the George office environment.

Benefits

Our client provides a highly competitive salary package, along with attractive performance bonuses. Comprehensive medical and retirement benefits are included, ensuring peace of mind and financial security. We offer substantial opportunities for professional development, including support for further certifications and continuous learning. The company fosters a collaborative and supportive work culture, encouraging innovation and professional growth. Employees have access to cutting-edge tools and resources to excel in their roles. This is an excellent opportunity to join a reputable organization with a strong presence in the Western Cape and contribute to its ongoing success.