Senior Commercial Underwriter

Placements24; Johannesburg; Hybrid; ZAR 700,000 - 1,000,000; Full time

Benefits offered by this job

Hybrid work model

Medical aid

Retirement fund

Professional development

Generous leave entitlement

Employee wellness programs

Job summary

Placements24 in Johannesburg seeks a highly experienced Senior Commercial Underwriter to assess and manage complex risks in the commercial insurance sector. You will shape underwriting strategies, provide expert guidance, and contribute to profitability and growth.

The role requires 5-7 years of underwriting experience, strong analytical and negotiation skills, and a track record of profitable portfolios. A hybrid work model and professional development opportunities are offered.

Qualifications

• 5-7 years of experience in commercial underwriting, focusing on complex risks.
• ACII or equivalent designations are advantageous.
• Bachelor's degree in Business Administration, Finance, Risk Management, or related field.

Responsibilities

• Analyze and evaluate complex commercial insurance applications to determine risk and pricing.
• Develop and maintain relationships with brokers and agents to foster business growth.
• Set underwriting guidelines and authority levels in line with policies and regulatory requirements.
• Monitor portfolio performance and identify trends to optimize profitability and market share.
• Collaborate with claims, actuarial, and product teams to align risk management and offerings.
• Mentor junior underwriters to enhance team capabilities.
• Conduct market research to identify emerging risks and opportunities in Johannesburg.

Skills

Analytical thinking

Problem solving

Decision making

Negotiation skills

Communication skills

Leadership potential

Education

Bachelor's degree in Business Administration, Finance, Risk Management, or related field

Tools

Underwriting software

MS Office

Job description

About the Role

Our client, a leading innovator in the insurance sector, is seeking a highly experienced and analytical Senior Commercial Underwriter to join their dynamic team in Johannesburg . This pivotal role is crucial in assessing and managing complex commercial insurance risks, ensuring profitability and sustainable growth for the company. You will play an integral part in shaping underwriting strategies, providing expert guidance, and contributing to the overall success of the underwriting division. This is an exciting opportunity to leverage your extensive expertise in a challenging yet rewarding environment within the vibrant financial hub of Gauteng . The ideal candidate will demonstrate a deep understanding of commercial insurance products and market trends, coupled with exceptional decision-making abilities. We are committed to fostering a collaborative and supportive work environment where your contributions are valued and recognized.

Key Responsibilities

• Analyze and evaluate complex commercial insurance applications, including property, casualty, and specialty lines, to determine risk exposure and appropriate pricing.
• Develop and maintain strong relationships with brokers and agents, providing expert advice and support to foster business growth.
• Set underwriting guidelines and authority levels, ensuring compliance with company policies and regulatory requirements.
• Monitor portfolio performance, identify trends, and recommend adjustments to underwriting strategies to optimize profitability and market share.
• Collaborate with claims, actuarial, and product development teams to ensure a cohesive approach to risk management and product offerings.
• Mentor and guide junior underwriters, sharing knowledge and best practices to enhance team capabilities.
• Conduct thorough market research to identify emerging risks and opportunities within the commercial insurance landscape of Johannesburg .

Requirements

• A minimum of 5-7 years of experience in commercial underwriting, with a strong focus on complex risks.
• Proven track record of successfully underwriting profitable books of business.
• Excellent analytical, problem-solving, and decision-making skills.
• In-depth knowledge of commercial insurance products, legal and regulatory frameworks, and market dynamics in South Africa .
• Strong negotiation and communication skills, with the ability to build rapport with internal and external stakeholders.
• Bachelor's degree in Business Administration, Finance, Risk Management, or a related field.
• Professional designations such as ACII or equivalent are highly advantageous.
• Proficiency in underwriting software and MS Office Suite.
• Demonstrated leadership potential and ability to mentor junior staff.

Benefits

• Competitive salary package with performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development and continuous learning, including support for further certifications.
• A hybrid work model offering flexibility and work-life balance.
• Access to cutting-edge technology and resources to support your role.
• A collaborative and supportive team environment in a thriving Johannesburg office.
• Generous leave entitlement.
• Employee wellness programs.