Senior Commercial Underwriter - Cape Town, Growth & Rewards

Placements24; Cape Town; On-site; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Medical aid

Retirement plan

Performance bonuses

Generous leave policy

Career development

Industry tools access

Job summary

Placements24, on behalf of a prestigious insurer, seeks a seasoned Commercial Underwriter to join its Cape Town team. You will assess risks across commercial lines, determine coverage and pricing, and build strong broker relationships while ensuring profitability and regulatory compliance.

The role requires deep product knowledge, analytical rigor, and a track record of profitable underwriting. This is an opportunity to contribute to growth within a well-established organization in Cape Town,

Qualifications

• Minimum 7 years in commercial insurance underwriting.
• Proven track record of profitable underwriting results.
• Strong knowledge of commercial property, casualty, and specialty lines.

Responsibilities

• Analyze and assess commercial insurance risks across industries.
• Determine appropriate coverage, pricing, and terms for new and renewal business.
• Develop and maintain profitable relationships with insurance brokers and intermediaries.
• Review financial statements, loss history, and other relevant documentation to evaluate risk exposure.
• Ensure adherence to underwriting guidelines, company policies, and regulatory requirements.
• Collaborate with claims, marketing, and sales teams to provide comprehensive solutions.
• Identify opportunities for cross-selling and up-selling related insurance products.
• Prepare and present underwriting reports and recommendations to management.
• Stay abreast of market trends, competitor activities, and emerging risks.
• Contribute to the continuous improvement of underwriting processes and tools.

Skills

Underwriting

Financial analysis

Risk assessment

Broker relationships

Negotiation

MS Office

Education

Bachelor's degree in Business/Finance

ACII

FLMI

Tools

Underwriting systems

Microsoft Office

Job description

Placements24, on behalf of a prestigious insurer, seeks a seasoned Commercial Underwriter to join its Cape Town team. You will assess risks across commercial lines, determine coverage and pricing, and build strong broker relationships while ensuring profitability and regulatory compliance.

The role requires deep product knowledge, analytical rigor, and a track record of profitable underwriting. This is an opportunity to contribute to growth within a well-established organization in Cape Town,