Remote Insurance Underwriter - Specialist

Placements24; South Africa; Remote; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary and bonus structure

Comprehensive medical and retirement

Generous annual leave entitlement

Career advancement opportunities

Access to underwriting tools and培训

Remote-friendly culture

Company-provided laptop and software

Virtual team-building activities

Job summary

Placements24 is actively seeking a highly skilled Remote Insurance Underwriter to join our client’s growing team in South Africa. The role is fully remote, focusing on assessing and pricing risks, developing underwriting guidelines, and driving profitable growth across specified lines of business.

You will build strong broker relationships, monitor portfolio performance, and contribute to product development while collaborating with a remote team.

Qualifications

• Minimum 7 years in insurance underwriting with relevant class experience.
• Strong risk assessment, analysis, and pricing capabilities.
• Excellent written and verbal communication for remote teams.

Responsibilities

• Analyze and price insurance risks for assigned lines.
• Develop underwriting guidelines to ensure profitability.
• Engage with brokers and agents offering technical guidance.
• Monitor portfolio performance and adjust strategies.
• Review applications based on underwriting criteria and risk appetite.
• Mentor junior underwriters and share expertise remotely.
• Prepare management reports on underwriting activities.

Skills

Underwriting expertise

Risk assessment

Financial analysis

Statistical modeling

Remote collaboration

Communication skills

Education

Bachelor's degree in Insurance/Finance/Actuarial Science

Tools

Underwriting software

Data analysis tools

Microsoft Office

Job description

About the Role

Our client, a forward-thinking insurance provider, is actively seeking a highly skilled and experienced Remote Insurance Underwriter to join their expanding operations. This position is entirely remote, offering unparalleled flexibility and the chance to work from anywhere within South Africa. The successful candidate will be responsible for assessing and pricing insurance risks, developing underwriting strategies, and ensuring profitable growth for specific lines of business. This role demands a keen analytical mind, excellent decision-making capabilities, and a deep understanding of the insurance market. We are committed to fostering a remote-first culture, providing our employees with the tools and support they need to excel. This is an exceptional opportunity to make a significant impact within a company that values innovation and employee well-being.

Key Responsibilities

• Analyze and evaluate insurance applications, assessing risks and determining appropriate coverage and pricing.
• Develop and implement underwriting guidelines and procedures to ensure consistency and profitability.
• Build and maintain strong relationships with brokers and agents, providing technical support and guidance.
• Monitor portfolio performance, identifying trends and making recommendations for adjustments to underwriting strategies.
• Review and approve or decline insurance applications based on established underwriting criteria and risk appetite.
• Collaborate with the claims department to understand loss trends and incorporate learnings into underwriting practices.
• Contribute to product development and enhancement by providing insights into market needs and risk exposures.
• Stay abreast of industry developments, regulatory changes, and competitor activities.
• Prepare reports on underwriting activities, portfolio performance, and market insights for senior management.
• Mentor and provide technical assistance to less experienced underwriters within the team.

Requirements

• A relevant degree or professional qualification in Insurance, Finance, Actuarial Science, or a related field.
• A minimum of 7 years of progressive experience in insurance underwriting, with demonstrable expertise in specific classes of business (e.g., commercial property, liability).
• Strong understanding of risk assessment principles, financial analysis, and statistical modeling.
• Proven ability to make sound underwriting decisions in complex and ambiguous situations.
• Excellent communication, negotiation, and interpersonal skills, essential for remote collaboration.
• Proficiency in underwriting software, data analysis tools, and Microsoft Office Suite.
• Demonstrated experience working effectively in a remote environment, with strong self-management skills.
• A proactive approach to problem-solving and a commitment to continuous professional development.
• Ability to interpret and apply complex policy wordings and legal regulations.
• Access to a reliable internet connection and a suitable home office environment is mandatory.

Benefits

• A highly competitive salary and performance-based bonus structure.
• Comprehensive medical and retirement benefits.
• Generous annual leave entitlement.
• Significant opportunities for career advancement and professional development.
• Access to advanced underwriting tools and training programs.
• Flexible working hours to accommodate a healthy work-life balance.
• A supportive and inclusive remote working culture.
• Company-provided laptop and necessary software.
• Regular virtual team-building activities.