Insurance Underwriter - George

Placements24; George; Hybrid; ZAR 420,000 - 560,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement benefits

Hybrid work arrangement

Professional growth

Supportive team in George

Job summary

Placements24 is seeking a meticulous Insurance Underwriter for its George, Western Cape team. You will assess insurance applications, determine eligibility, and set premium terms to maintain profitable portfolios.

The role requires strong analytical skills and effective collaboration with agents and brokers in a hybrid work setup. The ideal candidate has underwriting experience, knowledge of regulations, and a degree in Finance or related field.

Qualifications

• Proven experience as an Insurance Underwriter, preferably in George or the Western Cape.
• Solid understanding of underwriting principles, practices, and regulations.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal abilities.
• Ability to work effectively in a hybrid work environment.
• Bachelor's degree in Finance, Business Administration, or a related field is advantageous.

Responsibilities

• Analyze insurance applications to assess risks and determine eligibility for coverage.
• Evaluate financial data, inspection reports, and other relevant information to make informed underwriting decisions.
• Determine appropriate premium rates and policy terms based on risk assessment.
• Communicate underwriting decisions and rationale to agents, brokers, and policyholders.
• Maintain up-to-date knowledge of industry trends, regulations, and competitor activities.
• Develop and maintain strong relationships with internal sales teams and external partners.
• Ensure compliance with all company policies and regulatory requirements.

Skills

Analytical skills

Communication skills

Problem solving

Underwriting software

MS Office

Education

Bachelor's degree in Finance or related

Tools

MS Office Suite

Underwriting software

Job description

About the Role

Our client is searching for a meticulous and experienced Insurance Underwriter to join their esteemed team in George, Western Cape. This role is integral to evaluating and selecting risks for insurance policies, ensuring the company's portfolio remains profitable and competitive. You will play a crucial part in assessing applications, determining coverage terms, and setting premium rates. This position offers a hybrid work model, blending the benefits of in-office collaboration with the flexibility of remote work. You will work closely with agents and brokers, providing expert advice and building strong professional relationships. The ideal candidate will possess a keen eye for detail, strong analytical capabilities, and a comprehensive understanding of the insurance market. Join a company that values expertise and offers opportunities for professional development within the beautiful Western Cape.

Key Responsibilities

• Analyze insurance applications to assess risks and determine eligibility for coverage.
• Evaluate financial data, inspection reports, and other relevant information to make informed underwriting decisions.
• Determine appropriate premium rates and policy terms based on risk assessment.
• Communicate underwriting decisions and rationale to agents, brokers, and policyholders.
• Maintain up-to-date knowledge of industry trends, regulations, and competitor activities.
• Develop and maintain strong relationships with internal sales teams and external partners.
• Ensure compliance with all company policies and regulatory requirements.

Requirements

• Proven experience as an Insurance Underwriter, preferably in George or the surrounding Western Cape area.
• Solid understanding of underwriting principles, practices, and regulations.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal abilities.
• Proficiency in relevant underwriting software and MS Office Suite.
• Bachelor's degree in Finance, Business Administration, or a related field is advantageous.
• Ability to work effectively in a hybrid work environment.

Benefits

• competitive salary package
• comprehensive medical aid
• retirement benefits
• flexibility of a hybrid work arrangement
• opportunities for continuous learning and professional growth
• supportive team environment in the scenic George region