Remote Insurance Underwriter

Placements24; George; Remote; ZAR 420,000 - 600,000; Full time

Benefits offered by this job

Annual bonus opportunities

Medical aid contribution

Remote work flexibility

Career development programs

Job summary

Placements24 is seeking a dedicated Remote Insurance Underwriter to join their expanding team in South Africa. This remote role focuses on evaluating risks, pricing policies, and ensuring profitability and compliance within a remote-first environment.

You will collaborate with brokers, agents, and internal stakeholders to process new business and renewals while maintaining high-quality underwriting standards and professional communication.

Qualifications

• Bachelor's degree in Finance, Economics, Actuarial Science, or related field.
• Minimum of 4 years of experience in insurance underwriting, preferably in SA.
• Proven ability to analyze complex risk factors and make sound underwriting decisions.
• Excellent understanding of insurance products, market dynamics, and regulatory frameworks.

Responsibilities

• Analyze insurance applications and supporting documents to assess risks accurately.
• Determine insurability of applicants based on guidelines and risk appetite.
• Quote and price insurance policies with competitive and profitable rates.
• Develop and maintain strong relationships with brokers and agents, providing expert advice.
• Communicate underwriting decisions and rationale clearly to relevant parties.
• Monitor policy performance and portfolio profitability, identifying trends and recommendations.
• Stay updated on market trends, regulatory changes and competitor activity.
• Ensure compliance with underwriting policies and legal requirements.
• Utilize underwriting software to manage applications and policies efficiently.
• Contribute to development and refinement of underwriting guidelines for remote operations.

Skills

Analytical thinking

Risk assessment

Decision making

Communication

Financial literacy

Education

Finance degree

Economics degree

Actuarial Science

Tools

Excel

Underwriting software

Job description

About the Role

Our client is seeking a dedicated and detail-oriented Remote Insurance Underwriter to join their expanding team. This fully remote position offers the flexibility to work from anywhere within South Africa while contributing to our client's success in the insurance sector. The successful candidate will be responsible for evaluating and assessing insurance risks, determining appropriate coverage terms, and pricing policies to ensure profitability and compliance. This role requires a keen analytical mind, strong decision-making abilities, and a thorough understanding of underwriting principles and risk assessment. As a remote team member, you will collaborate virtually with brokers, agents, and internal stakeholders to facilitate the smooth processing of new business and renewals. This is an excellent opportunity for an experienced underwriter looking to leverage their expertise in a flexible, remote-first environment.

Key Responsibilities

• Analyze insurance applications and supporting documentation to assess risks accurately.
• Determine the insurability of applicants based on established underwriting guidelines and risk appetite.
• Quote and price insurance policies, ensuring competitive and profitable rates for various insurance products.
• Develop and maintain strong relationships with brokers and agents, providing expert advice and support.
• Communicate underwriting decisions and rationale clearly and professionally to all relevant parties.
• Monitor policy performance and portfolio profitability, identifying trends and making recommendations.
• Stay updated on market trends, regulatory changes, and competitor activities affecting the insurance industry.
• Ensure compliance with all underwriting policies, procedures, and legal requirements.
• Utilize underwriting software and systems effectively to manage applications and policies efficiently.
• Contribute to the development and refinement of underwriting guidelines and best practices for remote operations.

Requirements

• A Bachelor's degree in Finance, Economics, Actuarial Science, or a related field.
• Minimum of 4 years of experience in insurance underwriting, preferably within the South African market.
• Proven ability to analyze complex risk factors and make sound underwriting decisions.
• Excellent understanding of insurance products, market dynamics, and regulatory frameworks.
• Strong analytical, mathematical, and statistical skills.
• Exceptional written and verbal communication skills for effective remote collaboration.
• Proficiency in underwriting software and Microsoft Office Suite, particularly Excel.
• Self-motivated and disciplined with excellent time management skills to excel in a remote setting.
• Ability to work independently with minimal supervision and manage a high volume of work.
• A dedicated home office setup with reliable internet connectivity.

Benefits

• Competitive salary commensurate with experience and skills.
• Annual performance-based bonus opportunities.
• Contribution towards medical aid and retirement savings.
• Access to continuous professional development and training programs.
• Flexible working hours and the ability to work remotely from anywhere in South Africa.
• Opportunity to join a forward-thinking insurance company that embraces remote work.
• A collaborative virtual team environment with supportive colleagues.
• Invest in your career growth with a company committed to employee success.