Remote Insurance Underwriting Specialist

Placements24; Upington; Hybrid; ZAR 480,000 - 720,000; Full time

Benefits offered by this job

Fully remote position

Equipment provided

Retirement fund contributions

Group life insurance

Performance incentives

Job summary

Placements24 is seeking an experienced Insurance Underwriting Specialist to join a fully remote team serving clients across South Africa. You will evaluate risks, determine coverage terms, and set premiums while managing a remote caseload with precision and independence.

The role requires strong analytical thinking, decision-making, and meticulous attention to detail, coupled with proficiency in underwriting software and Microsoft Office. Remote work offers flexibility and growth opportunities.

Qualifications

• Minimum of 4 years of experience in insurance underwriting.
• Strong understanding of underwriting principles and risk assessment.
• Excellent written and verbal communication skills.
• Ability to work independently and meet deadlines in a remote setting.
• Proficiency with underwriting software and Microsoft Office Suite.

Responsibilities

• Review and analyze insurance applications, assessing risks based on guidelines.
• Evaluate applicant information to determine eligibility and terms of coverage.
• Calculate and quote premiums reflecting assessed risk.
• Make decisions on policy acceptance, modification, or declination.
• Maintain records of underwriting decisions in the system.
• Collaborate with agents and brokers for underwriting support.
• Stay current with industry practices, regulatory changes, and products.
• Elevate complex risks to senior underwriters or management.

Skills

Analytical thinking

Decision making

Attention to detail

Communication skills

Self-management

Education

IISA

LOMA

Tools

Underwriting software

Microsoft Office

Job description

About the Role

Our client, a progressive insurance company with a national footprint, is seeking an experienced and detail-oriented Insurance Underwriting Specialist to join their fully remote team. Operating from anywhere in South Africa, you will be responsible for evaluating and selecting insurance risks, determining appropriate coverage, and setting fair premiums. This role requires a strong analytical mindset, excellent decision-making abilities, and the capacity to manage a caseload effectively in a remote work environment. This is a unique opportunity for a seasoned underwriter to contribute to a forward-thinking organization that embraces remote work and values expertise. We are looking for individuals who can uphold high standards of underwriting excellence independently.

Key Responsibilities

• Review and analyze insurance applications, assessing risks based on established underwriting guidelines and company policies.
• Evaluate applicant information, including financial data, medical history, and property details, to determine eligibility and terms of coverage.
• Calculate and quote premiums, ensuring pricing is competitive and reflects the assessed risk.
• Make informed decisions on policy acceptance, modification, or declination.
• Maintain accurate and detailed records of underwriting decisions and policy details in the underwriting system.
• Collaborate with agents and brokers to clarify information and provide underwriting support.
• Stay current with industry best practices, regulatory changes, and product developments.
• Identify and elevate complex or unusual risks to senior underwriters or management.

Requirements

• A minimum of 4 years of experience in insurance underwriting, with a focus on specific lines of insurance (e.g., life, health, property).
• Solid understanding of underwriting principles, risk assessment techniques, and insurance contracts.
• Strong analytical and decision-making skills with meticulous attention to detail.
• Excellent written and verbal communication skills.
• Proven ability to work independently, manage time effectively, and meet deadlines in a remote setting.
• Proficiency in underwriting software and Microsoft Office Suite.
• Relevant professional qualifications (e.g., IISA, LOMA) are highly advantageous.
• Must possess a reliable internet connection and a suitable home office setup.

Benefits

• Competitive annual salary of ZAR.
• Fully remote position offering significant work-life balance and flexibility.
• Opportunities for professional development and further certifications.
• Access to a supportive remote team and management structure.
• Provision of necessary technological equipment.
• Contributions to a retirement fund and group life insurance.
• Performance incentives and annual salary reviews.