Remote Insurance Underwriting Specialist

Placements24; Cape Town; Hybrid; ZAR 650,000 - 850,000; Full time

Benefits offered by this job

Medical aid

Life cover

Provident fund

Online training

Virtual workshops

Career advancement

Job summary

Placements24 is seeking a dedicated Remote Insurance Underwriting Specialist to join its fully remote team in South Africa. You will evaluate risks, determine policy terms, and decide coverage for diverse clients across lines of business.

The role emphasizes independent work from a home office with reliable internet. Requirements include a bachelor's degree and a minimum of four years underwriting experience, plus strong analytical and remote communication skills.

Qualifications

• Bachelor's degree in Business Administration, Finance, Economics, or a related field.
• Minimum of 4 years of proven experience in insurance underwriting across multiple lines of business.
• Strong analytical and decision-making skills; ability to work remotely with minimal supervision.

Responsibilities

• Review and analyze insurance applications, identifying risks and eligibility for coverage.
• Assess financial stability and creditworthiness of applicants.
• Determine policy terms, premiums, and deductibles based on risk assessment.
• Communicate with brokers, agents, and clients to gather information and clarify policy details.
• Ensure underwriting decisions comply with guidelines, regulations, and ethical standards.
• Maintain accurate records of underwriting activities in the system.
• Collaborate with claims and sales teams to ensure smooth policy processing.
• Develop underwriting guidelines and procedures to improve efficiency and risk management.
• Participate in training and professional development to stay current with industry trends.

Skills

Analytical thinking

Decision making

Remote communication

Attention to detail

Education

Bachelor's degree in Business Administration, Finance, Economics, or related field

Tools

Underwriting software

CRM systems

Job description

About the Role

Our client is seeking a dedicated and experienced Remote Insurance Underwriting Specialist to join their fully remote team. This role is designed for a self-starter who excels in a virtual environment and possesses a keen eye for detail in assessing insurance applications. You will be responsible for evaluating risks, determining policy terms and conditions, and making informed decisions on insurance coverage for a diverse range of clients across various lines of business. As a remote-first organization, we provide the tools and support necessary for you to succeed from anywhere within South Africa. This position offers the unique advantage of contributing to our success while enjoying the flexibility and autonomy of a remote work arrangement. You will be an integral part of a forward-thinking company that values innovation and employee well-being.

Key Responsibilities

• Review and analyze insurance applications, identifying potential risks and eligibility for coverage.
• Assess the financial stability, creditworthiness, and other relevant factors of applicants.
• Determine appropriate policy terms, conditions, premiums, and deductibles based on risk assessment.
• Communicate with brokers, agents, and clients to gather necessary information and clarify policy details.
• Ensure all underwriting decisions comply with company guidelines, regulatory requirements, and ethical standards.
• Maintain accurate and up-to-date records of underwriting activities and decisions in the system.
• Collaborate with internal teams, including claims and sales, to ensure seamless policy processing and client satisfaction.
• Develop and recommend underwriting guidelines and procedures to enhance efficiency and risk management.
• Participate in training sessions and continuous professional development to stay current with industry trends and underwriting best practices.

Requirements

• Bachelor's degree in Business Administration, Finance, Economics, or a related field.
• Minimum of 4 years of proven experience in insurance underwriting, preferably across multiple lines of business.
• Demonstrated understanding of risk assessment principles, insurance products, and legal/regulatory frameworks.
• Excellent analytical and decision-making skills, with a high level of accuracy.
• Strong communication and interpersonal skills, with the ability to effectively engage with stakeholders remotely.
• Proficiency in using underwriting software, CRM systems, and standard office applications.
• Ability to manage a workload independently and meet deadlines in a remote setting.
• A dedicated home office setup with reliable internet connectivity is essential.
• Must be legally eligible to work remotely within South Africa.

Benefits

This fully remote role offers a competitive annual salary and performance-based bonuses. Our client provides a comprehensive benefits package, including medical aid, life cover, and a provident fund. We invest in our remote employees' growth through online training programs, virtual workshops, and opportunities for advancement within the company. Enjoy the ultimate flexibility and work-life balance that a remote position affords. Our client is committed to fostering a supportive and inclusive virtual work environment.