Senior Insurance Underwriter

Placements24; Vereeniging; Hybrid; ZAR 600,000 - 1,200,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Placements24, on behalf of a leading insurance provider in Vereeniging, Gauteng, invites applications for a Senior Insurance Underwriter to assess risk, develop pricing strategies and ensure regulatory compliance across complex commercial risks.

The role combines in-office collaboration with remote flexibility, offers a competitive salary package, strong career progression, and opportunities to mentor junior staff in a dynamic market.

Qualifications

• Bachelor's degree in Finance, Economics, Risk Management, or related field.
• 5–7 years in insurance underwriting, focusing on commercial lines or complex risks.
• Ability to analyze financial data and assess risk exposure.
• Strong knowledge of insurance principles, products, and regulations.
• Excellent negotiation and communication skills.
• Experience with underwriting software and MS Office.
• ACII or equivalent qualification advantageous.
• Leadership potential for supervisory role.

Responsibilities

• Analyze and evaluate insurance applications, assessing risks and determining coverage terms.
• Develop underwriting guidelines and pricing strategies for profitability.
• Collaborate with brokers, agents, and clients for tailored insurance solutions.
• Review policy renewals, identify risks and opportunities for adjustments.
• Ensure underwriting activities comply with policies and regulations.
• Mentor junior underwriting staff; foster learning and development.
• Stay updated on market trends and competitive landscape to inform decisions.

Skills

Underwriting

Analytical

Negotiation

Communication

Leadership

Education

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

Tools

Underwriting software

MS Office

Job description

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 Vereeniging, Gauteng . This is an exciting opportunity to play a critical role in assessing and managing risk, contributing directly to the company's sustained profitability and growth. You will be responsible for evaluating complex insurance applications, developing pricing strategies, and ensuring compliance with regulatory standards. The ideal candidate will possess a deep understanding of the insurance market, strong financial acumen, and a proven track record of successful underwriting in a challenging environment. This role offers a blend of in-office collaboration and remote flexibility, ensuring a balanced work-life integration.

Key Responsibilities

• Analyze and evaluate insurance applications, assessing risks and determining coverage terms and conditions.
• Develop and implement underwriting guidelines and pricing strategies to achieve profitability targets.
• Collaborate with brokers, agents, and clients to understand their needs and provide tailored insurance solutions.
• Review policy renewals, identifying potential risks and opportunities for adjustment.
• Ensure all underwriting activities comply with company policies and relevant industry regulations.
• Mentor and provide guidance to junior underwriting staff, fostering a culture of continuous learning and development.
• Stay abreast of market trends, emerging risks, and competitive landscape to inform underwriting decisions.

Requirements

• A Bachelor's degree in Finance, Economics, Risk Management, or a related field.
• A minimum of 5-7 years of experience in insurance underwriting, with a focus on commercial lines or complex risks.
• Proven ability to analyze financial data, assess risk exposure, and make sound underwriting judgments.
• Strong understanding of insurance principles, products, and regulatory frameworks.
• Excellent negotiation and communication skills, with the ability to build strong relationships with stakeholders.
• Proficiency in underwriting software and MS Office Suite.
• ACII or equivalent professional qualification is advantageous.
• Demonstrated leadership potential and experience in a supervisory capacity.

Benefits

Our client offers a competitive salary package, performance-based bonuses, and comprehensive medical aid and retirement benefits. Employees benefit from a supportive work environment, opportunities for professional development and career advancement, and access to cutting-edge underwriting tools. The hybrid work model allows for flexibility, and team-building activities are regularly organized. Employees also enjoy generous leave policies and access to wellness programs designed to promote employee well-being. Join a company that values its employees and invests in their future success.