Senior Insurance Underwriting Manager

Placements24; Rustenburg; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Executive-level medical aid and退休 fund

Relocation assistance

Industry conferences

Car allowance

Leadership training

Strategic involvement in company-wide决

Job summary

Placements24 in Rustenburg is seeking a Senior Insurance Underwriting Manager to lead underwriting operations, set guidelines, manage the team and drive profitable growth in the local market.

The role demands extensive underwriting knowledge, strong leadership, strategic thinking, and the ability to balance profitability with market competitiveness, while collaborating with product, claims and sales teams.

Qualifications

• Master's degree in Finance, Business Administration, Insurance, or a related field.
• At least 7 years of progressive experience in insurance underwriting, with 3+ years in a management/supervisory role.
• Extensive knowledge of underwriting principles, risk management, and insurance products.
• Proven leadership and team management skills.
• Strong analytical, decision-making, and problem-solving abilities.
• Excellent communication, negotiation, and interpersonal skills.
• Proficiency in underwriting systems and MS Office Suite.
• Strategic thinker with a results-oriented approach.
• Relevant professional underwriting designations (e.g., ACII, AU) are highly preferred.
• Experience in the Rustenburg or surrounding regions' insurance market is advantageous.

Responsibilities

• Lead and manage the underwriting team, providing guidance, training, and performance management.
• Develop, implement, and enforce underwriting policies, guidelines, and procedures.
• Oversee the evaluation and acceptance of complex or high-value risks.
• Monitor underwriting performance and profitability metrics, identifying areas for improvement.
• Collaborate with product development, claims, and sales teams to ensure cohesive strategy.
• Maintain strong relationships with brokers, agents, and key stakeholders.
• Analyze market trends and competitor strategies to inform underwriting decisions.
• Ensure compliance with all relevant regulatory requirements and company standards.
• Contribute to the strategic planning and financial objectives of the company.
• Foster a culture of continuous improvement and professional development within the underwriting team.

Skills

Leadership

Strategic thinking

Risk assessment

Communication

Team management

Analytical skills

Education

Master's degree in Finance/Business/Insurance

Tools

MS Office

Underwriting systems

Job description

About the Role

Our client, a leading insurance institution, is seeking a highly experienced and strategic Senior Insurance Underwriting Manager to lead their underwriting operations in **Rustenburg**. This senior role is responsible for overseeing the underwriting function, setting underwriting guidelines, managing the underwriting team, and ensuring profitable growth of the insurance portfolio. The ideal candidate will possess extensive knowledge of underwriting principles, risk assessment, and market dynamics. You will play a crucial role in developing underwriting strategies, managing complex risks, and fostering a high-performance culture within the underwriting department. This position offers a significant leadership opportunity within the **Rustenburg** branch. We are looking for a seasoned professional with a proven track record in underwriting management and a strong understanding of the local insurance market. The successful candidate will be instrumental in shaping the company's underwriting philosophy and ensuring its consistent application. Your leadership will guide the team in making sound risk selection decisions, balancing profitability with market competitiveness. This role requires a strategic thinker capable of navigating complex underwriting challenges and driving operational excellence.

Key Responsibilities

• Lead and manage the underwriting team, providing guidance, training, and performance management.
• Develop, implement, and enforce underwriting policies, guidelines, and procedures.
• Oversee the evaluation and acceptance of complex or high-value risks.
• Monitor underwriting performance and profitability metrics, identifying areas for improvement.
• Collaborate with product development, claims, and sales teams to ensure cohesive strategy.
• Maintain strong relationships with brokers, agents, and key stakeholders.
• Analyze market trends and competitor strategies to inform underwriting decisions.
• Ensure compliance with all relevant regulatory requirements and company standards.
• Contribute to the strategic planning and financial objectives of the company.
• Foster a culture of continuous improvement and professional development within the underwriting team.

Requirements

• Master's degree in Finance, Business Administration, Insurance, or a related field.
• A minimum of 7 years of progressive experience in insurance underwriting, with at least 3 years in a management or supervisory role.
• Extensive knowledge of underwriting principles, risk management, and insurance products.
• Proven leadership and team management skills.
• Strong analytical, decision-making, and problem-solving abilities.
• Excellent communication, negotiation, and interpersonal skills.
• Proficiency in underwriting systems and MS Office Suite.
• A strategic thinker with a results-oriented approach.
• Relevant professional underwriting designations (e.g., ACII, AU) are highly preferred.
• Experience in the **Rustenburg** or surrounding regions' insurance market is advantageous.

Benefits

• Highly competitive salary package, commensurate with experience and leadership capabilities.
• Significant performance-based bonus potential.
• Executive-level medical aid and retirement fund benefits.
• Opportunities for advanced leadership training and executive development programs.
• Strategic involvement in company-wide decision-making processes.
• A dynamic and challenging leadership role within a reputable organization.
• Generous annual leave and other benefits.
• Access to industry conferences and networking opportunities.
• Relocation assistance may be considered for exceptional candidates.
• Company car or car allowance.