Insurance Underwriter - Hybrid

Placements24; Cape Town; Hybrid; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Hybrid work model

Medical benefits

Retirement benefits

Generous leave

Career growth

Underwriting tools

Job summary

Placements24 advertises a hybrid Insurance Underwriter role in Cape Town for a meticulous, detail‑oriented professional. You will evaluate applications, set terms and pricing, and ensure profitability while aligning with regulatory standards and company policies.

You will work with brokers and agents to tailor coverage, monitor risk, and support product development. The position offers development opportunities, modern office facilities, and a flexible work arrangement.

Qualifications

• 3+ years of experience in insurance underwriting.
• Strong analytical and quantitative skills for risk assessment.
• Bachelor's degree in Finance, Economics, Business Administration, or related field.
• Professional underwriting designations (ACII, AU) desirable.
• Excellent communication and negotiation skills.

Responsibilities

• Assess insurance applications to evaluate risks and determine terms, conditions, and pricing.
• Analyze financial data, loss history, and other relevant information for underwriting decisions.
• Develop and maintain understanding of various insurance products and market segments.
• Communicate underwriting decisions and rationale to brokers, agents, and stakeholders.
• Ensure compliance with regulatory requirements and underwriting guidelines.
• Collaborate with claims for input on complex risks and risk management strategies.
• Identify opportunities for business growth and new product development.
• Monitor portfolio performance and adjust strategies as needed.
• Stay updated on industry trends and competitive actions.
• Contribute to a positive, collaborative team environment.

Skills

Analytical thinking

Risk assessment

Attention to detail

Time management

Team collaboration

Education

Bachelor's degree in Finance/Economics/Business Administration

Tools

Underwriting software

Microsoft Office

Job description

About the Role

Our client is a prominent and forward-thinking insurance provider in Cape Town, seeking a meticulous and analytical Insurance Underwriter to join their established team. This hybrid role offers the flexibility of working both remotely and in our modern Cape Town office, fostering a balanced approach to productivity and collaboration. The ideal candidate will possess a keen eye for detail, a strong understanding of risk assessment, and the ability to make informed underwriting decisions that align with the company's strategic goals and profitability targets. You will play a crucial role in evaluating insurance applications, determining coverage terms, and ensuring the financial viability of policies. This position demands a proactive engagement with market trends and a commitment to maintaining a robust and profitable book of business. You will work closely with brokers and agents to understand client needs and provide expert guidance.

Key Responsibilities

• Assess insurance applications to evaluate risks and determine the terms, conditions, and pricing of policies.
• Analyze financial data, loss history, and other relevant information to make sound underwriting decisions.
• Develop and maintain an in-depth understanding of various insurance products and market segments.
• Communicate underwriting decisions and rationale clearly to brokers, agents, and internal stakeholders.
• Ensure compliance with all relevant regulatory requirements and company underwriting guidelines.
• Collaborate with the claims department to provide input on complex claims and risk management strategies.
• Identify opportunities for business growth and contribute to the development of new insurance products.
• Monitor portfolio performance and recommend adjustments to underwriting strategies as needed.
• Stay abreast of industry trends, competitor activities, and emerging risks.
• Contribute to a positive and collaborative team environment, both in-office and remotely.

Requirements

• Minimum of 3 years of experience in insurance underwriting, preferably in a hybrid or office-based environment.
• Strong analytical and quantitative skills, with a proven ability to assess risk.
• Excellent understanding of insurance principles, policy wordings, and market dynamics.
• Effective communication and negotiation skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.
• A Bachelor's degree in Finance, Economics, Business Administration, or a related field is required.
• Professional underwriting designations (e.g., ACII, AU) are highly desirable.
• Demonstrated ability to work effectively both independently and as part of a team.
• Commitment to adhering to ethical standards and company policies.

Benefits

• Competitive annual salary ranging from Rands .
• Hybrid work model offering flexibility.
• Comprehensive medical and retirement benefits.
• Generous annual leave and sick leave allowances.
• Opportunities for professional growth and continuous learning.
• Access to advanced underwriting tools and resources.
• A supportive and inclusive workplace culture.
• Exposure to a diverse range of insurance products.
• Prime location in Cape Town with modern office facilities.