Senior Insurance Underwriter - Commercial Lines

Placements24; Johannesburg; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Performance-based bonuses

Medical aid and retirement fund

Professional development opportunities

Hybrid work model

Generous annual leave

Job summary

Placements24 is seeking a Senior Insurance Underwriter in Johannesburg, Gauteng, to assess risks and price commercial insurance for a diverse portfolio. The role emphasizes broker relations, risk-based decision making, and growth through informed underwriting discipline.

You will mentor junior underwriters, collaborate with claims and actuarial teams, and stay current with regulatory changes while maintaining high standards of compliance in a hybrid work setup.

Qualifications

• Minimum 5 years of experience in commercial insurance underwriting.

Responsibilities

• Underwrite complex commercial insurance applications and set coverage/pricing.

Skills

Underwriting

Risk assessment

Portfolio management

Negotiation

Analytical skills

Education

Bachelor’s degree in Finance, Risk Management, or related field

Tools

Underwriting software

Microsoft Office

Job description

About the Role

Our client, a leading insurance provider, is seeking a highly skilled and experienced Senior Insurance Underwriter to join their dynamic team in Johannesburg, Gauteng. This pivotal role involves assessing and evaluating insurance risks for a diverse portfolio of commercial clients. The successful candidate will play a crucial part in developing underwriting strategies, managing relationships with brokers, and ensuring profitable growth within their assigned book of business. This is an exciting opportunity to contribute to a reputable organization and advance your career in the insurance sector. The role requires a strategic thinker with a deep understanding of risk management principles and the South African insurance market.

Key Responsibilities

• Analyze and underwrite complex commercial insurance applications, assessing risks and determining appropriate coverage and pricing.
• Develop and maintain strong relationships with insurance brokers and agents, providing expert advice and support.
• Review policy renewals, making recommendations for adjustments based on risk assessment and market conditions.
• Collaborate with claims and actuarial departments to gather data and insights for risk evaluation.
• Monitor industry trends and regulatory changes, adapting underwriting strategies accordingly.
• Contribute to the development and implementation of new underwriting guidelines and procedures.
• Mentor and guide junior underwriters, fostering a culture of continuous learning and improvement.
• Ensure compliance with all company policies, procedures, and regulatory requirements.

Requirements

• A minimum of 5 years of experience in commercial insurance underwriting.
• Proven track record of successful risk assessment and portfolio management.
• Strong understanding of various commercial insurance products (e.g., Property, Liability, Marine, Professional Indemnity).
• Excellent analytical, negotiation, and decision-making skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Strong communication and interpersonal skills, with the ability to build rapport with stakeholders.
• A relevant degree in Finance, Risk Management, or a related field is preferred.
• Professional qualifications such as ACII or equivalent will be advantageous.

Benefits

• Competitive annual salary of ZAR .
• Performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development and further education.
• Access to a dynamic and supportive work environment in Johannesburg .
• Hybrid work model allowing for a balance between office and remote work.
• Generous annual leave allowance.