Senior Insurance Underwriter - Liability

Placements24; LegKraal Gate; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary

Bonus and commission

Medical aid

Retirement fund

Professional development

Career progression

Job summary

Placements24 in Mahikeng is seeking an experienced Senior Insurance Underwriter specializing in Liability to join our team. You will assess and accept complex liability risks, set terms and pricing, and contribute to the profitable growth of the liability portfolio while working closely with brokers and clients.

The ideal candidate has a minimum of six years in insurance underwriting focused on liability, strong analytical skills, excellent negotiation and communication abilities, and

Qualifications

• Minimum of 6 years of experience in insurance underwriting with a significant focus on liability lines of business.
• In-depth knowledge of liability insurance products and their associated risks.
• Strong analytical and financial assessment skills for interpreting complex information.
• Excellent negotiation, communication, and interpersonal skills for broker and client engagement.
• CIP or AIU designations are highly preferred.
• Ability to work effectively in a hybrid environment with teams in Mahikeng and remotely.

Responsibilities

• Underwrite complex liability insurance applications, including general liability, professional indemnity, and directors & officers liability.
• Analyze risk exposures, financial data, and operational factors to determine appropriate policy terms, conditions, and pricing.
• Develop and maintain strong relationships with brokers and key clients, providing expert underwriting support.
• Monitor the performance of the liability portfolio, identifying trends and recommending adjustments to strategy.
• Contribute to the development and refinement of underwriting guidelines and best practices.
• Mentor and guide junior underwriters, sharing expertise and promoting best practices.
• Ensure compliance with all relevant regulatory requirements and internal underwriting standards.

Skills

Liability underwriting

Risk analysis

Broker engagement

Regulatory compliance

Job description

About the Role

Our client is seeking an experienced Senior Insurance Underwriter specializing in Liability to join their team in Mahikeng. This role involves the assessment and acceptance of complex liability risks, setting appropriate terms and pricing, and contributing to the profitable growth of the company's liability portfolio. You will work closely with brokers and clients, leveraging your expertise to provide sound underwriting decisions and risk management advice. This position is key to maintaining the company's strong position in the liability insurance market and requires a sophisticated understanding of risk exposure.

Key Responsibilities

• Underwrite complex liability insurance applications, including general liability, professional indemnity, and directors & officers liability.
• Analyze risk exposures, financial data, and operational factors to determine appropriate policy terms, conditions, and pricing.
• Develop and maintain strong relationships with brokers and key clients, providing expert underwriting support.
• Monitor the performance of the liability portfolio, identifying trends and recommending adjustments to strategy.
• Contribute to the development and refinement of underwriting guidelines and best practices.
• Mentor and guide junior underwriters, sharing expertise and promoting best practices.
• Ensure compliance with all relevant regulatory requirements and internal underwriting standards.

Requirements

• A minimum of 6 years of experience in insurance underwriting, with a significant focus on liability lines of business.
• In-depth knowledge of various liability insurance products and their associated risks.
• Strong analytical and financial assessment skills, with the ability to interpret complex information.
• Excellent negotiation, communication, and interpersonal skills for broker and client engagement.
• Relevant professional designations (e.g., CIP, AIU) are highly preferred.
• Ability to work effectively in a hybrid environment, collaborating with teams in Mahikeng and remotely.

Benefits

• A competitive salary commensurate with senior-level expertise.
• Performance-based bonus and commission opportunities.
• Comprehensive medical aid and retirement fund benefits.
• Support for continuous professional development and further certifications.
• A collaborative and dynamic work environment with clear career progression paths.