Remote Senior Underwriter - Commercial Lines

Placements24; Cape Town; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Health insurance

Bonus program

Pension plan

Paid time off

Professional development

Job summary

Placements24 is seeking a Senior Underwriter specialized in Commercial Lines for a fully remote role. The position is based in Cape Town, SA, and requires evaluating, pricing, and managing complex risks to drive profitability and portfolio growth.

The ideal candidate will have 7+ years in commercial lines underwriting, solid knowledge of Property, Casualty, Marine, and PI products, and a proven ability to work independently from home with strong broker collaboration.

Qualifications

• 7+ years of experience in commercial lines underwriting.
• Bachelor's degree in Finance, Business Administration, or related field.
• Professional designations (e.g., ACII, FLMI) are a plus.

Responsibilities

• Underwrite new and renewal commercial insurance business within authority limits.
• Analyze financial statements, loss history, and data to assess risk exposure.
• Develop and negotiate terms, conditions, and pricing for profitability.
• Maintain and grow a profitable book via broker relationships.
• Collaborate with claims, actuarial, and other departments on risk management.

Skills

Commercial underwriting

Analytical skills

Negotiation

Communication

Portfolio management

Independent work

Education

Bachelor's degree in Finance/Business

Tools

Underwriting systems

Office software

Job description

About the Role

Our client, a prominent global insurer, is seeking a highly skilled and experienced Senior Underwriter specializing in Commercial Lines to join their fully remote team. This crucial position will be based in Cape Town, Western Cape, ZA , but will operate entirely remotely, offering unparalleled flexibility. You will be responsible for evaluating, selecting, and pricing complex commercial insurance risks, ensuring profitability and portfolio growth. This role requires a deep understanding of commercial insurance products, market dynamics, and risk assessment methodologies. The ideal candidate is a strategic thinker with exceptional analytical skills and the ability to build strong relationships with brokers and agents. This is a unique opportunity to contribute to a leading insurance company from the comfort of your own home, making a significant impact on our business objectives.

Key Responsibilities

• Underwrite new and renewal commercial insurance business within assigned authority limits.
• Analyze financial statements, loss history, and other relevant data to assess risk exposure.
• Develop and negotiate terms, conditions, and pricing to achieve profitable results.
• Maintain and grow a profitable book of business through effective broker relationships.
• Develop a thorough understanding of market trends, competitor activities, and emerging risks.
• Collaborate with claims, actuarial, and other departments to ensure a cohesive approach to risk management.
• Provide technical guidance and mentorship to junior underwriters.
• Adhere to underwriting guidelines, regulatory requirements, and company policies.
• Contribute to the development of new insurance products and strategies.
• Actively participate in virtual team meetings and contribute to a positive remote work culture.

Requirements

• A minimum of 7 years of experience in commercial lines underwriting, with a proven track record of success.
• In-depth knowledge of various commercial insurance products (e.g., Property, Casualty, Marine, Professional Indemnity).
• Strong financial acumen and analytical skills, with the ability to interpret complex financial data.
• Excellent negotiation and communication skills, with the ability to influence stakeholders.
• Demonstrated ability to manage a complex portfolio and achieve financial targets.
• Proficiency in underwriting systems and standard office software.
• A Bachelor's degree in Finance, Business Administration, or a related field is required; professional designations (e.g., ACII, FLMI) are a plus.
• Proven ability to work independently and effectively manage time in a fully remote setting.
• Excellent interpersonal skills to foster strong remote working relationships.
• Reside within South Africa and be eligible to work remotely.

Benefits

Our client offers a highly competitive salary and bonus structure, reflecting the seniority and remote nature of this role. Comprehensive health insurance coverage, retirement savings plan contributions, and generous paid time off are provided. You will benefit from a professional development program that includes opportunities for further certifications and continuous learning. This role offers the significant advantage of working from home, eliminating commute times and allowing for a better work-life balance. Join a forward-thinking company that embraces remote work and values its employees' contributions, offering substantial career growth potential within the international insurance market.