Senior Insurance Underwriter

Placements24; Pretoria; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Hybrid work model

Competitive package

Medical aid

Provident fund

Job summary

Placements24 in Midrand, Gauteng, is seeking a Senior Insurance Underwriter with 5–7 years of experience in commercial lines to lead risk assessment and pricing. You will mentor junior underwriters, develop guidelines, and stay ahead of regulatory changes. This hybrid role offers a competitive package and growth opportunities.

Join a leading insurance provider focused on profitability and client service in a dynamic South African market.

Qualifications

• Bachelor's degree or equivalent in finance, risk management, business administration or related field.
• Minimum 5–7 years of experience in insurance underwriting, with focus on commercial lines.
• Strong knowledge of insurance principles, regulatory requirements and SA market.
• Ability to mentor junior staff and lead underwriter teams.

Responsibilities

• Analyze complex insurance applications to determine risk acceptability and pricing.
• Develop underwriting guidelines and policies to improve profitability.
• Collaborate with agents/brokers to gather information and negotiate terms.
• Review existing policies for profitability and compliance.
• Mentor junior underwriters and provide guidance.

Skills

Analytical skills

Negotiation

Leadership

Communication

Education

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

Tools

Underwriting software

Job description

Senior Insurance Underwriter

2000 Placements24

Posted 1 day ago

Job Description

full-time

About the Role

Our client, a leading insurance provider, is seeking a highly experienced and analytical Senior Insurance Underwriter to join their dynamic team in Midrand, Gauteng. This role is pivotal in assessing and managing risk, ensuring the profitability and stability of our client's insurance portfolio. You will play a crucial part in developing underwriting strategies, training junior staff, and contributing to the overall success of the underwriting department. The ideal candidate will possess a deep understanding of various insurance products, regulatory requirements, and market trends. This is an exceptional opportunity to advance your career in a challenging and rewarding environment within the South African insurance landscape.

Key Responsibilities

• Analyze and evaluate complex insurance applications to determine risk acceptability and pricing.
• Develop and implement effective underwriting guidelines and policies.
• Collaborate with agents and brokers to gather necessary information and negotiate terms.
• Conduct regular reviews of existing policies to ensure continued profitability and compliance.
• Provide expert guidance and mentorship to junior underwriters.
• Stay abreast of industry changes, market developments, and regulatory updates impacting underwriting.
• Contribute to the development of new insurance products and services.
• Prepare detailed reports on underwriting performance and risk assessment findings.
• Manage a portfolio of high-value or complex risks.

Requirements

• A Bachelor's degree in Finance, Risk Management, Business Administration, or a related field.
• A minimum of 5-7 years of experience in insurance underwriting, with a strong focus on commercial lines.
• Proven track record of successfully managing complex risks and achieving underwriting targets.
• In-depth knowledge of insurance principles, practices, and relevant legislation in South Africa.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong negotiation and communication abilities.
• Proficiency in underwriting software and Microsoft Office Suite.
• Professional certifications such as ACII or equivalent are advantageous.
• Ability to work independently and as part of a collaborative team in a fast-paced environment.
• Demonstrated leadership potential and experience in mentoring junior staff.

Benefits

• Competitive salary package including annual remuneration.
• Performance-based bonuses.
• Comprehensive medical aid.
• Generous provident fund contribution.
• Opportunities for ongoing professional development and career advancement.
• Access to cutting-edge underwriting tools and technologies.
• Hybrid work model providing flexibility.