Insurance Underwriting Specialist

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

Benefits offered by this job

Health insurance

Retirement contributions

Performance-based incentives

Professional development opportunities

Job summary

Placements24 is seeking an Insurance Underwriting Specialist in Tembisa, Gauteng. You will evaluate and accept insurance risks, ensuring profitability within risk appetite guidelines and maintaining detailed underwriting records.

Ideal candidates have a strong analytical mindset, effective communication, and proficiency in underwriting software. The role offers growth within a collaborative, professional financial services environment.

Qualifications

• Bachelor's degree in Business, Finance, Insurance, or a related field.

Responsibilities

• Analyze and assess insurance applications to determine risk acceptability and pricing.
• Review policy terms, conditions, and endorsements to ensure alignment with underwriting guidelines.
• Calculate premiums and ensure accurate policy issuance.
• Work closely with brokers and agents to gather necessary information and provide underwriting decisions.
• Monitor market trends and competitor activities to inform underwriting strategies.
• Identify and manage aggregate risk exposures.
• Assist in the development and refinement of underwriting policies and procedures.
• Maintain accurate and organized underwriting files and records.

Skills

Analytical thinking

Communication

Negotiation

Attention to detail

Education

Bachelor's degree in Business, Finance, Insurance, or a related field

Tools

MS Office

Underwriting software

Job description

About the Role

Our client is actively seeking a skilled Insurance Underwriting Specialist to join their expanding operations in Tembisa, Gauteng . This role is critical in evaluating and accepting insurance risks, ensuring that policies are underwritten profitably and in accordance with the company's risk appetite and guidelines. The ideal candidate will possess a keen eye for detail, strong analytical abilities, and a deep understanding of insurance principles. This is an excellent opportunity for a seasoned professional to contribute to a growing company in the financial services sector, making significant contributions to risk management strategies. We pride ourselves on a culture of collaboration and continuous improvement.

Key Responsibilities

• Analyze and assess insurance applications to determine risk acceptability and pricing.
• Review policy terms, conditions, and endorsements to ensure alignment with underwriting guidelines.
• Calculate premiums and ensure accurate policy issuance.
• Work closely with brokers and agents to gather necessary information and provide underwriting decisions.
• Monitor market trends and competitor activities to inform underwriting strategies.
• Identify and manage aggregate risk exposures.
• Assist in the development and refinement of underwriting policies and procedures.
• Maintain accurate and organized underwriting files and records.

Requirements

• Bachelor's degree in Business, Finance, Insurance, or a related field.
• Minimum of 4 years of experience in insurance underwriting, preferably in the Tembisa, Gauteng region.
• In-depth knowledge of insurance products, regulations, and underwriting practices.
• Strong analytical and quantitative skills with the ability to interpret complex data.
• Excellent communication and negotiation skills.
• Proficiency in underwriting software and MS Office.
• Ability to make sound judgments and decisions under pressure.
• Detail-oriented with a commitment to accuracy.

Benefits

This position offers a competitive salary package, performance-based incentives, and a comprehensive benefits plan including health insurance and retirement contributions. Our client is dedicated to employee growth and provides ample opportunities for professional development, including industry certifications and training. The role is based at our modern offices in Tembisa, Gauteng . We foster a supportive and collaborative work environment where your contributions are valued and recognized.