Senior Insurance Underwriter - Gauteng Region

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

Benefits offered by this job

Medical aid

Retirement fund

Hybrid work model

Professional development opportunities

Performance bonuses

Job summary

Placements24 is seeking a Senior Insurance Underwriter in Midrand, Gauteng. The role involves assessing risks, setting terms and pricing, and ensuring profitability across commercial lines. Collaborate with brokers and internal teams to maintain a balanced portfolio.

The ideal candidate has 5+ years in underwriting, strong analytical skills, and knowledge of SA insurance regulations. A hybrid work model and opportunities for professional growth are offered.

Qualifications

• Bachelor's degree in Finance, Risk Management, Actuarial Science, or related field.
• Minimum 5 years in insurance underwriting, with a focus on commercial lines.
• Ability to analyze complex data, identify risks, and make sound decisions.
• Knowledge of SA regulatory landscape and insurance principles.
• Proficient in underwriting software and MS Office.

Responsibilities

• Analyze and assess complex insurance risks across commercial and personal lines.
• Determine terms, conditions, and pricing to ensure profitability.
• Develop relationships with intermediaries and provide expert support.
• Monitor portfolio performance and identify trends.
• Collaborate with claims and actuarial teams to refine pricing models.
• Ensure compliance with policies and SA legislation.

Skills

Analytical thinking

Negotiation skills

Communication skills

Mentoring / leadership

Education

Bachelor's degree in Finance or Risk Management or Actuarial Science

ACII or equivalent

Tools

Underwriting software

Job description

About the Role

Our client, a leading provider in the insurance sector, is seeking a highly skilled and experienced Senior Insurance Underwriter to join their dynamic team based in Midrand, Gauteng . This pivotal role is responsible for assessing and evaluating the risks associated with insurance applications, making informed decisions on policy acceptance, and setting appropriate premium rates. The successful candidate will play a crucial part in the company's growth and profitability by ensuring a balanced portfolio and managing risk effectively. This is an exciting opportunity to contribute to a well-established firm within the financial services industry, offering a challenging yet rewarding career path. The role involves close collaboration with brokers, agents, and internal departments to ensure best practices are maintained and operational efficiencies are achieved. We are looking for an individual with a strong analytical mindset and a proven track record in underwriting complex risks.

Key Responsibilities

• Analyze and assess complex insurance risks across various lines of business, including commercial and personal insurance.
• Determine the terms, conditions, and pricing of insurance policies to ensure profitability and competitiveness.
• Develop and maintain strong relationships with intermediaries, providing them with expert advice and support.
• Conduct in-depth risk assessments, review financial statements, and gather all necessary information to make sound underwriting decisions.
• Monitor the performance of assigned portfolios, identifying trends and implementing corrective actions as needed.
• Stay updated with market developments, regulatory changes, and new insurance products.
• Collaborate with claims and actuarial departments to refine underwriting guidelines and pricing models.
• Ensure compliance with company policies, procedures, and relevant legislation in all underwriting activities.

Requirements

• A Bachelor's degree in Finance, Risk Management, Actuarial Science, or a related field.
• A minimum of 5 years of experience in insurance underwriting, with a strong focus on commercial lines.
• Proven ability to analyze complex data, identify risks, and make well-reasoned decisions.
• Excellent understanding of insurance principles, products, and the regulatory landscape in South Africa .
• Strong negotiation and communication skills, with the ability to build rapport with stakeholders.
• Proficiency in underwriting software and MS Office Suite.
• Professional qualifications such as ACII or equivalent are highly desirable.
• Demonstrated leadership potential and the ability to mentor junior underwriters.

Benefits

• Competitive annual salary package.
• Performance-based bonuses and incentives.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development and continuous learning.
• A dynamic and supportive work environment in Midrand .
• Hybrid work model offering flexibility between office and remote work.
• Access to cutting-edge underwriting tools and resources.
• Generous leave allowance.