Remote Senior Underwriter - Specialty Lines

Placements24; Vereeniging; Hybrid; ZAR 800,000 - 1,200,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Life assurance

Remote work flexibility

Professional development

Job summary

Placements24 is seeking an experienced Senior Underwriter specializing in niche and specialty lines to join our fully remote team. You will develop and manage profitable portfolios for complex risks, structuring innovative insurance solutions and working closely with brokers.

The ideal candidate has deep knowledge of specialty markets, strong analytical skills, and a proven underwriting track record. This role offers significant autonomy and remote work from anywhere in South Africa.

Qualifications

• A relevant degree or professional qualification in Insurance, Finance, or a related field is essential.
• A minimum of 7 years of progressive underwriting experience with focus on specialty lines (e.g., E&O, D&O, Cyber, Marine, Construction).
• Demonstrated success in underwriting complex risks and managing profitable portfolios.
• Exceptional analytical, critical thinking, and decision-making capabilities.
• Outstanding negotiation, communication, and relationship-building skills.

Responsibilities

• Underwrite and manage a portfolio of specialty lines insurance business, focusing on profitability and growth.
• Conduct in-depth risk analysis of complex and non-standard exposures across various industries.
• Develop and implement tailored underwriting strategies and guidelines for specialty products.
• Build, nurture, and maintain strong, collaborative relationships with key brokers and distribution partners nationwide.
• Evaluate market conditions, competitor strategies, and emerging trends within specialty insurance sectors.
• Collaborate closely with claims, legal, and product development teams to ensure comprehensive risk management.
• Provide technical expertise and guidance to junior underwriters and support staff.
• Negotiate terms, conditions, and pricing with brokers to secure favorable business outcomes.
• Ensure compliance with all regulatory requirements and internal underwriting standards.

Skills

Underwriting

Risk analysis

Negotiation

Communication

Remote work

Education

Degree in Insurance/Finance

Tools

Underwriting software

Risk modeling tools

Job description

About the Role

Our client, a globally recognized insurance leader, is actively seeking an experienced Senior Underwriter specializing in niche and specialty lines to join their fully remote team. This role is crucial for developing and managing profitable underwriting portfolios for complex risks that fall outside standard offerings. You will leverage your extensive expertise to assess intricate exposures, structure innovative insurance solutions, and cultivate strong broker relationships, all from the comfort of your home office. The ideal candidate possesses a deep understanding of specialty insurance markets, exceptional analytical acumen, and a proven track record of successful underwriting in challenging segments. This is a premier opportunity to advance your career with a forward-thinking organization that champions remote work and offers significant autonomy.

Key Responsibilities

• Underwrite and manage a portfolio of specialty lines insurance business, focusing on profitability and growth.
• Conduct in-depth risk analysis of complex and non-standard exposures across various industries.
• Develop and implement tailored underwriting strategies and guidelines for specialty products.
• Build, nurture, and maintain strong, collaborative relationships with key brokers and distribution partners nationwide.
• Evaluate market conditions, competitor strategies, and emerging trends within specialty insurance sectors.
• Collaborate closely with claims, legal, and product development teams to ensure comprehensive risk management.
• Provide technical expertise and guidance to junior underwriters and support staff.
• Negotiate terms, conditions, and pricing with brokers to secure favorable business outcomes.
• Ensure compliance with all regulatory requirements and internal underwriting standards.

Requirements

• A relevant degree or professional qualification in Insurance, Finance, or a related field is essential.
• A minimum of 7 years of progressive underwriting experience, with a significant focus on specialty lines (e.g., E&O, D&O, Cyber, Marine, Construction).
• Demonstrated success in underwriting complex risks and managing profitable portfolios.
• Exceptional analytical, critical thinking, and decision-making capabilities.
• Outstanding negotiation, communication, and relationship-building skills.
• Proven ability to work independently and manage a remote workload effectively, demonstrating self-discipline and time management.
• Proficiency in underwriting software, risk modeling tools, and standard office applications.
• A strong understanding of the South African insurance market and its regulatory landscape.

Benefits

• This role offers a highly competitive salary and a performance-based bonus structure.
• medical aid
• provident fund
• life assurance
• Full remote work flexibility allows for unparalleled work-life balance.
• Investment in continuous professional development and career advancement opportunities.
• Access to cutting-edge technology and resources to support remote operations.
• A collaborative and inclusive virtual team culture.
• This is a unique opportunity to shape your career trajectory from anywhere in South Africa.