Senior Insurance Underwriter (Remote)

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

Benefits offered by this job

Health insurance

Retirement savings plan

Home office stipend

Paid time off

Professional development

Job summary

Placements24 is recruiting a Senior Insurance Underwriter for a fully remote role in the insurance sector. The ideal candidate will assess complex risks, set terms and pricing, and develop underwriting strategies in collaboration with brokers, claims, and actuarial teams.

You will work independently from a home office, enjoy a remote-first culture, benefit from flexible professional development and a comprehensive benefits package including health insurance and retirement plan.

Qualifications

• Minimum 5 years of experience in insurance underwriting.
• Deep knowledge of commercial property, casualty, and liability.
• Strong analytical and negotiation skills.

Responsibilities

• Evaluate complex insurance applications, assessing risks and determining policy terms, conditions, and pricing.
• Develop and maintain relationships with brokers and agents, providing expert guidance and support.
• Analyze market data, competitor activities, and industry trends to inform underwriting decisions and strategies.
• Collaborate with internal teams, including claims and actuarial, to ensure a cohesive approach to risk management.
• Adhere to underwriting guidelines, compliance regulations, and company policies.
• Mentor and provide guidance to junior underwriters, fostering a culture of continuous learning and development.
• Contribute to the development of new insurance products and services.
• Prepare detailed reports on underwriting performance and portfolio analysis.

Skills

Insurance underwriting

Risk assessment

Analytical thinking

Communication

Negotiation

Time management

Education

Bachelor's degree in Finance/Business

ACII certification

Tools

Underwriting software

MS Office

Job description

About the Role

Our client, a leading provider in the insurance sector, is seeking a highly motivated and experienced Senior Insurance Underwriter to join their dynamic, remote-first team. This pivotal role is designed for a meticulous professional who can expertly assess and manage insurance risks, ensuring the financial health and profitability of our client's portfolio. You will be instrumental in developing and implementing underwriting strategies that align with market trends and regulatory requirements. The ideal candidate thrives in a collaborative, virtual environment and possesses a deep understanding of diverse insurance products. This is a unique opportunity to contribute to a forward-thinking company from the comfort of your home office, offering significant impact and professional growth within the **insurance industry**.

Key Responsibilities

• Evaluate complex insurance applications, assessing risks and determining policy terms, conditions, and pricing.
• Develop and maintain strong relationships with brokers and agents, providing expert guidance and support.
• Analyze market data, competitor activities, and industry trends to inform underwriting decisions and strategies.
• Collaborate with internal teams, including claims and actuarial, to ensure a cohesive approach to risk management.
• Adhere to underwriting guidelines, compliance regulations, and company policies.
• Mentor and provide guidance to junior underwriters, fostering a culture of continuous learning and development.
• Contribute to the development of new insurance products and services.
• Prepare detailed reports on underwriting performance and portfolio analysis.

Requirements

• A minimum of 5 years of experience in insurance underwriting, with a proven track record in handling complex risks.
• In-depth knowledge of various insurance lines (e.g., commercial property, casualty, liability).
• Exceptional analytical, critical thinking, and problem-solving skills.
• Strong negotiation and communication abilities, both written and verbal.
• Proficiency in underwriting software and Microsoft Office Suite.
• A Bachelor's degree in Finance, Business Administration, or a related field is preferred.
• Professional certifications such as ACII or equivalent are advantageous.
• Ability to work independently and manage time effectively in a **fully remote** setting.
• Demonstrated experience in a remote or hybrid work environment.

Benefits

• Competitive annual salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance plans.
• Generous paid time off and company holidays.
• Retirement savings plan with company matching contributions.
• Professional development opportunities, including ongoing training and certification support.
• A supportive and inclusive virtual work culture that values work-life balance.
• Home office stipend to ensure a productive remote workspace.