Senior Insurance Underwriter - Property Division

Placements24; Cape Town; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary with bonuses

Medical aid and retirement fund

Professional development opportunities

Generous leave allowance

Hybrid work arrangement

Access to advanced insurance resources

Wellness programs and events

Job summary

Placements24 is recruiting a Senior Insurance Underwriter for a leading insurer in Cape Town. The role focuses on risk assessment and profitable underwriting for property policies within a dynamic Property Division.

The position offers a hybrid work model with in-office collaboration and remote flexibility, and requires at least 5 years of underwriting experience, strong analytical skills, and knowledge of property insurance regulations.

Qualifications

• Minimum 5 years of property insurance underwriting experience.
• Strong risk assessment and profitability translation.
• Knowledge of property insurance principles and regulation.
• Based in or willing to relocate to Cape Town, Western Cape.

Responsibilities

• Assess and underwrite complex property insurance applications.
• Develop relationships with brokers and agents for new business.
• Interpret actuarial data and market trends to guide pricing.
• Ensure compliance with regulatory requirements and guidelines.
• Collaborate with claims, actuarial and product teams for performance.
• Mentor junior underwriters and share best practices.
• Review portfolio performance and adjust strategy as needed.
• Participate in market reviews and strategic planning for the division.

Skills

Analytical skills

Problem solving

Decision making

Communication skills

Interpersonal skills

Underwriting software

MS Office

Cape Town-based

Education

Finance or Risk Management degree

Tools

Underwriting software

MS Excel

Job description

About the Role

Our client, a leading insurer in Cape Town , is seeking a highly experienced Senior Insurance Underwriter to join their dynamic Property Division. This role is crucial for assessing and managing risk associated with property insurance policies. You will play a pivotal part in evaluating complex risks, making informed underwriting decisions, and contributing to the profitable growth of the division. The position offers a hybrid work model, blending essential in-office collaboration with the flexibility of remote work, ideal for professionals seeking work-life balance in the vibrant city of Cape Town .

Key Responsibilities

• Analyze and evaluate complex property insurance applications to determine risk acceptability and pricing.
• Develop and maintain strong relationships with brokers and agents to foster new business opportunities and ensure client satisfaction.
• Interpret actuarial data, market trends, and competitor analysis to inform underwriting strategies and policy development.
• Ensure compliance with regulatory requirements and internal underwriting guidelines.
• Collaborate with claims, actuarial, and product development teams to share insights and improve overall business performance.
• Provide guidance and mentorship to junior underwriters, fostering a culture of continuous learning and development within the team.
• Review and assess the performance of existing portfolios, recommending adjustments to strategy as needed.
• Participate in market reviews and strategy meetings to contribute to the long-term vision of the Property Division.

Requirements

• A relevant tertiary qualification in Finance, Risk Management, or a related field is essential.
• A minimum of 5 years of experience in property insurance underwriting is required.
• Proven track record of successful risk assessment and profitable underwriting decisions.
• Strong understanding of property insurance principles, market dynamics, and regulatory frameworks.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional communication and interpersonal skills, with the ability to negotiate effectively.
• Proficiency in underwriting software and MS Office Suite.
• Experience with commercial property risks is highly desirable.
• Must be based in or willing to relocate to Cape Town , Western Cape.

Benefits

• Competitive annual salary package with performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development, certifications, and career advancement.
• Generous leave allowance and a supportive work environment.
• Hybrid work arrangement promoting flexibility and work-life integration.
• Access to cutting-edge technology and resources within the insurance sector.
• Employee wellness programs and social events.
• Be part of a reputable company with a strong commitment to its employees and the community in Cape Town .