Insurance Underwriting Manager

Placements24; Klerksdorp; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary

Performance-based incentives

Growth and leadership development

Generous annual leave

Retirement fund contributions

Health insurance

Job summary

Placements24 seeks an Insurance Underwriting Manager in Klerksdorp, North West. Lead a team of underwriters, shape underwriting guidelines, and drive profitable growth in a strategic, regulatory-compliant role.

Hybrid work option, ongoing staff development, and collaboration with sales and claims are key aspects of this leadership opportunity.

Qualifications

• Bachelor's degree in a related field is required.
• Minimum 7 years in insurance underwriting with 3+ in a supervisory role.
• Strong leadership, analytical, and strategic planning abilities.

Responsibilities

• Lead, manage, and mentor a team of underwriters to drive performance.
• Develop and enforce underwriting policies to ensure profitability and compliance.
• Review high-value applications and approve beyond standard authority as needed.
• Analyze market trends and loss data to guide pricing decisions.
• Collaborate with sales and claims to align business objectives.
• Monitor metrics and implement corrective actions when required.
• Stay updated on regulatory changes and industry best practices.
• Train staff and contribute to product development.

Skills

Leadership

Analytical skills

Communication

Strategic planning

Education

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

Tools

Underwriting software

MS Office Suite

Job description

About the Role

Our client, a distinguished leader in the insurance industry, is seeking an experienced and strategic Insurance Underwriting Manager to join their esteemed team in Klerksdorp, North West . This key leadership position involves overseeing the underwriting function, managing a team of skilled underwriters, and ensuring the profitable growth of the company's insurance portfolio. The ideal candidate will possess a deep understanding of risk assessment, pricing strategies, and regulatory compliance within the insurance sector. You will play a vital role in developing underwriting guidelines, mentoring your team, and collaborating with other departments to achieve business objectives. This is an excellent opportunity to lead a critical function in a reputable organization and shape the future of our client's underwriting operations.

Key Responsibilities

• Lead, manage, and mentor a team of insurance underwriters, fostering a high-performance culture.
• Develop, implement, and enforce underwriting policies, guidelines, and procedures to ensure profitability and compliance.
• Review and approve complex or high-value insurance applications that fall outside standard authority.
• Analyze market trends, competitor activities, and loss experience to inform underwriting strategy and pricing decisions.
• Collaborate with sales and claims departments to ensure alignment and address business needs.
• Monitor underwriting performance metrics and implement corrective actions as necessary.
• Stay current with industry developments, regulatory changes, and best practices in underwriting.
• Conduct regular audits of underwriting files to ensure accuracy and adherence to guidelines.
• Train and develop underwriting staff, enhancing their technical skills and product knowledge.
• Contribute to the development of new insurance products and services.

Requirements

• Bachelor's degree in Business Administration, Finance, Risk Management, or a related field.
• Minimum of 7 years of progressive experience in insurance underwriting, with at least 3 years in a supervisory or management role.
• Strong knowledge of underwriting principles, risk assessment, pricing methodologies, and insurance regulations.
• Demonstrated leadership and team management skills.
• Excellent analytical, decision-making, and problem-solving abilities.
• Proficiency in underwriting software and MS Office Suite.
• Exceptional communication and interpersonal skills.
• Ability to develop and execute strategic plans.
• Relevant professional designations (e.g., CIP, ANZIIF) are highly desirable.
• Reside in or be willing to commute to Klerksdorp, North West , with hybrid work flexibility.

Benefits

• Competitive salary and comprehensive benefits package.
• Performance-based incentives.
• Opportunities for professional growth and leadership development.
• Generous annual leave allowance.
• Retirement fund contributions.
• Health insurance benefits.
• A stable and supportive work environment within a respected company.