Remote Underwriting Specialist

Placements24; Pretoria; Hybrid; ZAR 320,000 - 520,000; Full time

Benefits offered by this job

Fully remote work arrangement

Professional development opportunities

Health and wellness benefits

Retirement savings plan

Job summary

Placements24 is seeking a skilled Underwriting Specialist to join a fully remote team in South Africa. You will evaluate applications, assess risks, determine policy terms and premiums, and communicate decisions clearly to agents and brokers.

A strong autonomous work style and thorough underwriting knowledge are essential. The role emphasizes collaboration with internal teams, ongoing knowledge of products and regulations, and a commitment to portfolio quality.

Qualifications

• Must have 3–5 years of experience in insurance underwriting.
• Knowledge of life, health, property and casualty products is preferred.
• Strong analytical and risk assessment abilities with attention to accuracy.

Responsibilities

• Review and analyze insurance applications for accuracy and completeness.
• Assess risks using company guidelines and data analytics.
• Determine policy terms, conditions and premiums based on risk.
• Communicate underwriting decisions and rationale to agents and brokers.
• Collaborate with sales and claims to resolve queries and provide underwriting expertise.
• Stay updated on insurance products, market trends and regulatory requirements.
• Ensure adherence to underwriting policies to maintain portfolio quality.
• Identify process improvements within underwriting functions.
• Manage a pipeline of applications to meet turnaround times.

Skills

Analytical thinking

Decision making

Problem solving

Written and verbal communication

Remote work autonomy

Attention to detail

Education

Associate in Underwriting

Tools

Underwriting software

Job description

About the Role

Our client, a forward-thinking insurance provider, is looking for a skilled and dedicated Underwriting Specialist to join their fully remote workforce. This critical role involves the meticulous evaluation of insurance applications, assessing risks, and determining appropriate policy terms and premiums. As a remote-first organization, we are committed to empowering our employees with the flexibility and resources they need to succeed. You will be instrumental in ensuring that our client's underwriting standards are consistently met, contributing to the company's profitability and growth. This position requires a proactive individual with a strong understanding of insurance products and risk management principles. The ideal candidate will thrive in an autonomous environment, leveraging their expertise to make sound underwriting decisions from anywhere in South Africa. This is a prime opportunity to advance your underwriting career with a company that champions innovation and employee well-being.

Key Responsibilities

• Review and analyze insurance applications for accuracy and completeness.
• Assess risks associated with each application, utilizing company guidelines and data analytics.
• Determine appropriate policy terms, conditions, and premium rates based on risk assessment.
• Communicate underwriting decisions and rationale clearly to agents and brokers.
• Collaborate with internal teams, including sales and claims, to resolve queries and provide underwriting expertise.
• Maintain up-to-date knowledge of insurance products, market trends, and regulatory requirements.
• Ensure adherence to underwriting policies and procedures to maintain portfolio quality.
• Identify opportunities for process improvement within the underwriting function.
• Manage a pipeline of applications efficiently, meeting turnaround time objectives.

Requirements

• A minimum of 3-5 years of experience in insurance underwriting.
• Proven ability to accurately assess and price insurance risks.
• Strong understanding of various insurance products (e.g., life, health, property, casualty).
• Excellent analytical, decision-making, and problem-solving skills.
• Proficiency in underwriting systems and standard office software.
• Exceptional written and verbal communication skills.
• Ability to work independently and manage time effectively in a remote setting.
• Detail-oriented with a commitment to accuracy and compliance.
• Relevant industry certifications (e.g., Associate in Underwriting) are a plus.
• Must have a reliable internet connection and a suitable home office environment.

Benefits

• Competitive annual salary of R .
• Fully remote work arrangement, offering significant work-life balance.
• Opportunities for professional development and specialized training.
• Comprehensive health and wellness benefits.
• Retirement savings plan with employer contributions.
• Performance-based incentives and bonuses.
• Collaborative virtual team environment with supportive colleagues.