Risk Underwriter

Placements24; Polokwane; On-site; ZAR 350,000 - 520,000; Full time

Benefits offered by this job

Competitive salary

Medical aid and retirement fund

Job summary

Placements24 is seeking a Risk Underwriter for our client in Polokwane to assess and price insurance applications. The role focuses on evaluating risks, applying guidelines, and determining policy terms and premiums to keep the portfolio profitable.

Collaboration with sales and ongoing portfolio monitoring are key aspects. The successful candidate will have strong analytical abilities, experience in underwriting software, and solid communication skills to negotiate terms with applicants and

Qualifications

• 3+ years of experience in insurance underwriting.
• Strong understanding of risk assessment principles and insurance products.
• Excellent analytical and decision-making skills.
• Proficiency in underwriting software and standard office applications.
• Good communication and negotiation abilities.
• Relevant insurance certifications or qualifications are advantageous.

Responsibilities

• Evaluate insurance proposals to assess risk exposure and determine insurability.
• Apply underwriting guidelines and policies consistently to pricing and terms.
• Request additional information from applicants or agents as needed for risk assessment.
• Set appropriate premium rates based on risk factors and market conditions.
• Monitor the performance of the underwritten portfolio and provide feedback.
• Collaborate with sales teams to provide underwriting expertise and support.

Skills

Underwriting

Risk assessment

Analytical skills

Communication

Software proficiency

Tools

Underwriting software

Job description

About the Role

Our client is looking for an astute Risk Underwriter to join their established team in Polokwane . This role is critical for assessing and pricing risks associated with insurance applications, ensuring the company's portfolio remains profitable and well-managed. You will analyze applications, evaluate potential hazards, and determine appropriate policy terms and premiums. This position is ideal for an analytical individual with a keen eye for detail, seeking to build a career in underwriting within the Limpopo province, working closely with a dedicated team to manage and mitigate risk effectively.

Key Responsibilities

• Evaluate insurance proposals to assess risk exposure and determine insurability.
• Apply underwriting guidelines and policies consistently to pricing and terms.
• Request additional information from applicants or agents as needed for risk assessment.
• Set appropriate premium rates based on risk factors and market conditions.
• Monitor the performance of the underwritten portfolio and provide feedback.
• Collaborate with sales teams to provide underwriting expertise and support.

Requirements

• Minimum of 3 years of experience in insurance underwriting.
• Strong understanding of risk assessment principles and insurance products.
• Excellent analytical and decision-making skills.
• Proficiency in underwriting software and standard office applications.
• Good communication and negotiation abilities.
• Relevant insurance certifications or qualifications are advantageous.

Benefits

• Competitive salary and performance-related incentives.
• Opportunity to work in a key regional office in Polokwane .
• Comprehensive medical aid and retirement fund benefits.
• Continuous professional development and training programs.
• A supportive and team-oriented workplace culture.