Remote Insurance Underwriter

Placements24; Cape Town; Hybrid; ZAR 520,000 - 900,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Pension plan

Life insurance

Professional development

Job summary

Placements24 is seeking a highly skilled Remote Insurance Underwriter to join their fully distributed team serving clients across South Africa. You will assess applications to determine risk exposure and set premiums, working independently from your home office.

The ideal candidate has 4+ years of underwriting experience, strong data analytics, and excellent remote communication. You will use underwriting software to ensure profitable portfolios and adhere to risk management strategies.

Qualifications

• Bachelor’s degree in Finance, Business, or related field, or equivalent experience.
• 4+ years of insurance underwriting experience with risk assessment expertise.
• Strong analytical, critical thinking, and decision-making skills.
• Excellent remote communication and collaboration skills.

Responsibilities

• Review and analyze insurance applications for risk per guidelines.
• Determine policy terms, conditions, and premium rates.
• Use data analytics and tools to guide risk selection.
• Maintain accurate underwriting records in the system.
• Stay updated on industry and regulatory changes.

Skills

Underwriting

Risk assessment

Data analytics

Communication

Remote collaboration

Education

Bachelor's degree in Finance/Business or related field

Tools

Underwriting software

Job description

About the Role

Our client is actively seeking a highly skilled and analytical Remote Insurance Underwriter to join their fully distributed team serving clients across South Africa. In this crucial role, you will assess and evaluate insurance applications to determine risk exposure and set appropriate premiums. You will be instrumental in ensuring the company's underwriting portfolio remains profitable and adheres to risk management strategies, working independently from your home office. This is an excellent opportunity for a seasoned professional who excels in risk assessment and can manage a diverse workload autonomously, contributing to a forward-thinking, digitally enabled insurance operation.

Key Responsibilities

• Review and analyze insurance applications, assessing risks based on established underwriting guidelines.
• Determine policy terms, conditions, and premium rates for various insurance products.
• Utilize underwriting tools and data analytics to make informed risk selection decisions.
• Communicate with brokers, agents, and internal teams to gather necessary information and clarify policy details.
• Maintain accurate records of underwriting decisions and policy information in the system.
• Stay updated on industry trends, regulatory changes, and competitor offerings affecting underwriting practices.

Requirements

• Bachelor's degree in Finance, Business, or a related field, or equivalent professional experience.
• Minimum of 4 years of experience in insurance underwriting , with a strong understanding of risk assessment principles.
• Demonstrated ability to analyze financial data, assess risk factors, and apply underwriting rules consistently.
• Excellent critical thinking, problem-solving, and decision-making skills.
• Strong written and verbal communication skills for effective remote collaboration.
• Experience with underwriting software and systems is essential.

Benefits

• Competitive salary commensurate with experience.
• Fully remote work environment with flexible working hours.
• Comprehensive health, dental, and vision insurance.
• Generous pension fund contributions and life insurance.
• Continuous professional development support and opportunities for specialization.