Senior Insurance Underwriter

Placements24; George; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Professional development

Health and retirement plans

Competitive compensation

Job summary

Placements24 in George is seeking an experienced Senior Insurance Underwriter to join our client’s team in George. The role focuses on assessing risks, setting premium rates, and deciding on policy acceptance to protect profitability in the Western Cape.

The successful candidate will manage a diverse policy portfolio, mentor junior underwriters, and stay abreast of market and regulatory changes to influence underwriting strategy in a challenging market.

Qualifications

• At least 5 years of experience in insurance underwriting.
• Knowledge of insurance principles, products, and regulations.
• Proven ability to make sound underwriting decisions.
• Strong analytical and numerical abilities.
• Excellent communication with internal and external partners.

Responsibilities

• Analyze and assess insurance applications based on guidelines and data.
• Determine premium rates and terms for complex policies.
• Underwrite a diverse portfolio and manage broker relationships.
• Stay updated on market trends and regulatory changes.
• Mentor junior underwriters and share expertise.

Skills

Analytical thinking

Quantitative skills

Communication skills

Interpersonal skills

Critical thinking

Job description

About the Role

Our client is looking for an experienced Senior Insurance Underwriter to join their established team in George . This pivotal role involves assessing and evaluating risks for new and existing insurance policies, setting appropriate premium rates, and making informed decisions on policy acceptance or rejection. You will play a key part in managing the company's risk portfolio and ensuring profitability within the Western Cape region. This position offers a significant opportunity to influence underwriting strategy and mentor junior underwriters, contributing to the company's growth and stability in a challenging market.

Key Responsibilities

• Analyze and assess insurance applications, evaluating risks based on policy guidelines, industry data, and applicant information.
• Determine appropriate premium rates and terms for complex policies, ensuring profitability and competitiveness.
• Underwrite a diverse portfolio of insurance products, managing relationships with brokers and agents.
• Stay current with market trends, regulatory changes, and emerging risks relevant to the insurance industry.
• Mentor and provide guidance to junior underwriting staff, fostering a culture of expertise and continuous learning.

Requirements

• Minimum of 5 years of experience in insurance underwriting, with a strong focus on risk assessment.
• In-depth knowledge of insurance principles, products, and regulatory requirements.
• Demonstrated ability to make sound underwriting decisions and manage a portfolio effectively.
• Excellent analytical, quantitative, and critical thinking skills.
• Strong communication and interpersonal skills for effective collaboration with internal teams and external partners.

Benefits

• Attractive salary package commensurate with experience.
• Access to professional development programs and certifications.
• Comprehensive benefits including health and retirement plans.
• Opportunity to work in a beautiful coastal city like George .
• A stable and reputable company with a strong commitment to its employees.