Remote Underwriting Specialist

Placements24; Gauteng; Hybrid; ZAR 450,000 - 630,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Remote-work environment

Home office stipend

Paid time off and holidays

Job summary

Placements24 seeks a Remote Underwriting Specialist to join a fast-growing insurance firm. You will assess risks, determine coverage eligibility, and calculate premiums for diverse policies in a fully remote setup.

The role emphasizes independent work, regulatory compliance, and thorough data analysis. Ideal candidates have strong experience in underwriting, risk assessment, and proficiency with underwriting software, with a bachelor's degree in finance or business.

Qualifications

• 4+ years of experience in insurance underwriting with risk assessment expertise.
• Proficiency in underwriting principles for major lines (property, casualty, life, health).
• Excellent analytical, critical thinking, and problem-solving skills.

Responsibilities

• Review insurance applications to assess risks and determine coverage eligibility.
• Apply underwriting guidelines, policies, and regulatory requirements to decisions.
• Gather and interpret relevant data to evaluate risk factors and set premiums.

Skills

Underwriting

Risk assessment

Data analysis

Attention to detail

Communication

Underwriting software

Education

Bachelor's degree in Finance or Business

Tools

Underwriting software

Insurance databases

Office applications

Job description

About the Role

Our client, a rapidly growing insurance firm, is seeking a highly skilled and detail-oriented Remote Underwriting Specialist to join their fully remote team. This position is vital for assessing risks and determining coverage eligibility for various insurance policies. You will work independently, leveraging your analytical expertise to evaluate applications, analyze data, and make informed underwriting decisions. The ideal candidate possesses a strong understanding of risk assessment principles, underwriting guidelines, and regulatory compliance. This is an excellent opportunity for an experienced underwriter to contribute to a forward-thinking company that embraces a remote-first work culture, offering significant autonomy and the chance to impact business growth. You will be a key player in ensuring profitable growth and maintaining the integrity of our insurance products nationwide.

Key Responsibilities

• Review and analyze insurance applications to assess risks and determine eligibility for coverage.
• Apply underwriting guidelines, company policies, and regulatory requirements to make sound underwriting decisions.
• Gather and interpret relevant data, including financial reports, medical histories, and property inspections, to evaluate risk factors.
• Calculate premiums and establish appropriate coverage terms and conditions.
• Communicate effectively with agents, brokers, and internal stakeholders regarding underwriting decisions and requirements.
• Identify and mitigate potential risks, recommending appropriate risk control measures.
• Maintain accurate and up-to-date underwriting files and documentation.
• Stay abreast of industry trends, market changes, and emerging risks.
• Collaborate with the underwriting team to share knowledge and best practices.
• Assist in the training and development of junior underwriting staff as needed.

Requirements

• A minimum of 4 years of experience in insurance underwriting, with a strong understanding of risk assessment.
• Proficiency in underwriting principles and practices for at least one major insurance line (e.g., property, casualty, life, health).
• Excellent analytical, critical thinking, and problem-solving skills.
• Strong attention to detail and accuracy in data analysis and decision-making.
• Effective written and verbal communication skills, with the ability to explain complex information clearly.
• Proficiency with underwriting software, insurance databases, and standard office applications.
• Ability to work independently, manage a high volume of applications, and meet deadlines.
• Relevant professional designations (e.g., FLMI, ACS) are highly advantageous.
• A bachelor's degree in Finance, Business, or a related field is preferred.
• Must have a dedicated home office space with reliable high-speed internet access.

Benefits

• Competitive salary and potential for performance-based incentives.
• Comprehensive benefits package including medical, dental, and vision insurance.
• Generous paid time off and holiday leave.
• Retirement savings plan with employer matching.
• Opportunities for professional development, certifications, and continued learning.
• Flexible work schedule supporting a healthy work-life balance.
• Home office stipend for setup and ongoing expenses.
• Access to cutting-edge underwriting tools and technology.
• A collaborative and supportive remote team environment.
• Engage in challenging and rewarding underwriting work without the commute.