Insurance Underwriting Specialist

Placements24; Gauteng; On-site; ZAR 420,000 - 650,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Retirement savings plan

Professional development

Career progression

Job summary

Placements24 is seeking an Insurance Underwriting Specialist in Tembisa to evaluate and accept risks, ensuring profitable policies aligned with company guidelines. You will analyze applicant data, assess risks, and set appropriate premiums and terms.

Ideal candidates show meticulous attention to detail, strong analytical abilities, and experience in underwriting within the insurance sector. Widespread knowledge of market dynamics will support growth and profitability for the organization.

Qualifications

• Proven experience as an underwriter in the insurance industry.
• Strong risk assessment and data interpretation abilities.
• Excellent analytical skills with ability to interpret complex data.

Responsibilities

• Analyze insurance applications to assess risks and determine insurability.
• Review financial data, medical records, and other information to inform underwriting decisions.
• Apply underwriting guidelines, pricing strategies, and policy terms accurately.
• Communicate underwriting decisions and requirements with brokers, agents, and clients.
• Identify and propose changes to underwriting policies to reduce risk and increase efficiency.
• Stay informed on industry trends, market changes, and regulatory requirements affecting underwriting.

Skills

Analytical skills

Attention to detail

Independent work

Education

AU certification

Tools

Underwriting software

Microsoft Office

Job description

About the Role

Our client is seeking a meticulous and knowledgeable Insurance Underwriting Specialist to join their team in Tembisa . In this crucial role, you will be responsible for evaluating and accepting insurance risks, ensuring that policies are underwritten profitably and in accordance with the company's guidelines. You will analyze applicant information, assess potential risks, and determine appropriate premium rates and policy terms. This position requires a keen eye for detail, strong analytical skills, and a solid understanding of the insurance market dynamics to support the growth and profitability of the organization.

Key Responsibilities

• Analyze insurance applications to assess risks and determine insurability.
• Review financial data, medical records, and other relevant information to make informed underwriting decisions.
• Apply underwriting guidelines, pricing strategies, and policy terms accurately.
• Communicate effectively with brokers, agents, and clients regarding underwriting decisions and requirements.
• Identify and recommend modifications to underwriting policies and procedures to improve efficiency and reduce risk.
• Stay abreast of industry trends, market changes, and regulatory requirements impacting underwriting practices.

Requirements

• Proven experience as an Underwriter or in a similar role within the insurance industry.
• Solid understanding of risk assessment principles and insurance product lines.
• Excellent analytical skills with the ability to interpret complex data and financial information.
• Proficiency in underwriting software and Microsoft Office Suite.
• Strong attention to detail and ability to work independently.
• Relevant insurance certifications (e.g., Associate in Underwriting - AU) are highly advantageous.

Benefits

• Competitive salary commensurate with experience and qualifications.
• Access to comprehensive health insurance and retirement savings plans.
• Opportunities for professional development, including underwriting courses and certifications.
• A stable and supportive work environment in the heart of Tembisa .
• Potential for career progression within the underwriting department.