Remote Insurance Underwriting Manager

Placements24; Soweto; Hybrid; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Fully remote work

Competitive salary + bonus structure

Medical, dental, and vision insurance

Retirement savings plan with company**

Professional development and training

Job summary

Placements24 partners with an innovative insurance company to hire a seasoned Remote Insurance Underwriting Manager. You will lead a remote underwriting team, shape underwriting strategy, and drive profitability while ensuring compliance with risk appetite.

In this role you will collaborate with actuarial, product, and claims teams, monitor performance metrics, and implement process improvements. A strong background in underwriting principles and remote leadership is essential for success.

Qualifications

• Bachelor's degree in Insurance, Business Administration, Finance, or related field.
• ACII/FLMI designations are highly desirable.
• Minimum 7 years of progressive underwriting experience, with 3+ years in leadership.
• Experience managing remote teams and driving performance.

Responsibilities

• Lead, mentor, and manage a remote team of underwriters, fostering a high-performance culture.
• Develop and implement underwriting strategies, guidelines, and risk appetite statements.
• Oversee assessment and pricing of complex risks across multiple insurance products.
• Ensure decisions align with policies, profitability, and risk tolerance.
• Monitor underwriting metrics, profitability, and loss ratios; take corrective actions.
• Collaborate with actuarial, claims, product, and sales teams.
• Stay informed on market trends, regulations, and competition.
• Deliver training programs on products, guidelines, and best practices.
• Implement and optimize underwriting processes and systems for efficiency.
• Conduct quality assurance reviews of underwriting files and decisions.

Skills

Strategic leadership

Remote team management

Underwriting principles

Analytical thinking

Communication

Decision making

Education

Bachelor's in Insurance

ACII/FLMI desirable

Tools

CRM software

Data analytics tools

Underwriting systems

Job description

About the Role

Our client, a forward-thinking insurance company, is actively seeking a seasoned and strategic Remote Insurance Underwriting Manager to lead their underwriting functions in a fully remote capacity. This key role will involve overseeing underwriting operations, developing strategies for profitable growth, managing a remote underwriting team, and ensuring adherence to underwriting guidelines and risk appetite. You will be instrumental in shaping underwriting policies and processes, leveraging data analytics, and driving efficiency across the department. This is an exceptional opportunity for an experienced underwriting leader to excel in a remote-first environment, contributing significantly to the company's success from anywhere.

Key Responsibilities

• Lead, mentor, and manage a remote team of insurance underwriters, fostering a high-performance culture.
• Develop and implement effective underwriting strategies, guidelines, and risk appetite statements.
• Oversee the assessment and pricing of complex risks across various insurance products.
• Ensure underwriting decisions are consistent with company policies, profitability goals, and risk tolerance.
• Monitor underwriting performance metrics, profitability, and loss ratios, implementing corrective actions as needed.
• Collaborate with actuarial, claims, product development, and sales teams to align underwriting strategies with business objectives.
• Stay informed about market trends, competitor activities, and regulatory changes impacting underwriting.
• Develop and deliver training programs for underwriters on new products, guidelines, and best practices.
• Implement and optimize underwriting processes and systems for efficiency and effectiveness.
• Conduct quality assurance reviews of underwriting files and decisions.

Requirements

• A Bachelor's degree in Insurance, Business Administration, Finance, or a related field.
• Professional designations (e.g., ACII, FLMI) are highly desirable.
• A minimum of 7 years of progressive experience in insurance underwriting, with at least 3 years in a leadership or management role.
• Demonstrated experience managing and developing remote teams.
• In-depth knowledge of underwriting principles, risk assessment, pricing, and various insurance products (e.g., commercial lines, personal lines).
• Strong analytical, decision-making, and problem-solving skills.
• Excellent communication, interpersonal, and leadership skills.
• Proficiency in underwriting systems, CRM software, and data analysis tools.
• Ability to think strategically and translate business objectives into actionable underwriting plans.
• Understanding of South African insurance regulations and market dynamics.
• Proven ability to drive process improvement and operational efficiency.

Benefits

• Fully remote work arrangement, offering ultimate flexibility and work-life balance.
• Highly competitive salary and performance-based bonus structure.
• Comprehensive medical, dental, and vision insurance.
• Retirement savings plan with company contributions.
• Opportunities for professional development, leadership training, and career advancement.
• Access to cutting-edge underwriting technology and tools.
• A collaborative and supportive remote work culture within a growing organization.