Remote Insurance Underwriter

Placements24; Kempton Park; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Competitive salary and remote work

Comprehensive health, dental, and vis

Paid time off and holidays

Retirement plan with company match

Professional development opportunities

State-of-the-art remote work tech

Inclusive virtual team culture

Job summary

Placements24 is seeking a meticulous Remote Insurance Underwriter to join a fully remote team in South Africa. You will assess risks, price policies, and ensure profitability while complying with underwriting guidelines.

You will rely on actuarial principles and data analytics to support decisions, collaborating with brokers, and contributing to product development, all while working from a dedicated home office in a remote-first environment.

Qualifications

• Bachelor’s degree in Finance, Economics, Actuarial Science, or a related quantitative field.

Responsibilities

• Evaluate insurance applications to assess risk and determine insurability.
• Analyze financial data, loss history, and other relevant information to price policies accurately.
• Develop and implement underwriting guidelines and procedures.
• Collaborate with brokers and agents to understand client needs and market dynamics.
• Monitor the performance of assigned portfolios and recommend adjustments as necessary.
• Ensure compliance with all relevant regulations and internal policies.
• Identify and mitigate potential risks associated with insurance products.
• Utilize underwriting software and tools to streamline processes and enhance decision-making.
• Participate in product development and strategic planning initiatives.
• Provide underwriting support and training to less experienced team members.

Skills

Risk assessment

Pricing models

Data analysis

Remote work

Communication

Education

Bachelor’s degree in Finance/Economics/Actuarial Science

Job description

About the Role

Our client is revolutionizing the insurance landscape and is seeking a meticulous and insightful Remote Insurance Underwriter to join their fully remote operations. This position offers the unique advantage of working from anywhere in South Africa , contributing your expertise to a forward-thinking organization. You will be responsible for assessing and selecting risks for new insurance policies, ensuring profitability and compliance with underwriting guidelines. This role requires a deep understanding of actuarial principles, market trends, and risk assessment methodologies. As a key member of our client's underwriting team, you will leverage advanced data analytics and technology to make informed decisions. This is an exceptional opportunity for a seasoned underwriter who thrives in a flexible, remote-first environment and is eager to make a significant impact.

Key Responsibilities

• Evaluate insurance applications to assess risk and determine insurability.
• Analyze financial data, loss history, and other relevant information to price policies accurately.
• Develop and implement underwriting guidelines and procedures.
• Collaborate with brokers and agents to understand client needs and market dynamics.
• Monitor the performance of assigned portfolios and recommend adjustments as necessary.
• Ensure compliance with all relevant regulations and internal policies.
• Identify and mitigate potential risks associated with insurance products.
• Utilize underwriting software and tools to streamline processes and enhance decision-making.
• Participate in product development and strategic planning initiatives.
• Provide underwriting support and training to less experienced team members.

Requirements

• A Bachelor's degree in Finance, Economics, Actuarial Science, or a related quantitative field.
• A minimum of 4 years of experience in insurance underwriting, preferably within a remote setting.
• Strong understanding of risk assessment, pricing models, and insurance products.
• Excellent analytical and quantitative skills, with proficiency in data analysis tools.
• Exceptional communication and negotiation abilities.
• Proven ability to work autonomously and manage time effectively in a remote environment.
• Familiarity with modern underwriting technologies and digital platforms.
• Professional underwriting designations (e.g., AU, CPCU) are highly desirable.
• A stable internet connection and a dedicated home office setup.
• A proactive approach to problem-solving and continuous learning.

Benefits

• Competitive salary and remote work flexibility.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and holiday schedule.
• Retirement savings plan with company match.
• Professional development opportunities and continuing education support.
• Access to state-of-the- art remote work technology.
• A dynamic and inclusive virtual team culture.