Senior Marine Cargo Underwriter

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 1,494,000 - 2,822,000; Full time

Benefits offered by this job

Competitive salary

Performance bonus

Medical insurance

Retirement plan

Fully remote

Job summary

Placements24 is seeking a Senior Marine Cargo Underwriter to lead risk assessment, pricing, and policy terms for a global marine portfolio. This fully remote role allows you to operate from anywhere while collaborating with brokers and clients worldwide.

The ideal candidate brings 8+ years in marine cargo underwriting, deep knowledge of international trade and shipping, and a track record of profitable portfolio management. Remote work flexible.

Qualifications

• Minimum 8 years of marine cargo underwriting experience.
• Proven track record of underwriting profitability and portfolio growth.
• In-depth knowledge of international trade, shipping and logistics as relates to cargo insurance.
• Strong analytical, negotiation and decision-making skills.
• Ability to work independently and manage a remote workload.
• Relevant marine insurance qualifications (e.g., DIP Cii/Marine Specialization) are highly desirable.

Responsibilities

• Underwrite complex marine cargo insurance risks, assessing exposure and determining terms, conditions, and pricing.
• Develop and maintain profitable relationships with brokers and clients.
• Analyze market trends, competitor activities, and regulatory changes impacting marine cargo insurance.
• Contribute to underwriting strategy and guideline development.
• Collaborate with claims to understand loss trends and inform underwriting decisions.
• Provide technical underwriting support to internal teams and external partners.
• Monitor performance of the marine cargo portfolio and identify growth opportunities and risks.
• Ensure compliance with underwriting policies, procedures, and regulatory requirements.
• Represent the company at industry events and market development initiatives.

Job description

About the Role

Our client, a leading specialist insurer, is seeking a highly experienced Senior Marine Cargo Underwriter to join their esteemed team. This role is critical for managing and growing the marine cargo book of business, ensuring profitable underwriting decisions. While based in Richards Bay, KwaZulu-Natal, this position offers a fully remote work arrangement, allowing for flexibility and access to talent globally. You will be responsible for assessing risks associated with the transportation of goods, developing appropriate coverage terms, and building strong relationships with brokers and clients. The ideal candidate will possess extensive knowledge of marine insurance, excellent analytical skills, and a commitment to maintaining underwriting integrity and profitability. This is a significant opportunity for a seasoned professional to make a substantial impact from anywhere, contributing to our client's strategic objectives.

Key Responsibilities

• Underwrite complex marine cargo insurance risks, assessing exposure and determining appropriate terms, conditions, and pricing.
• Develop and maintain strong, profitable relationships with key brokers and clients.
• Analyze market trends, competitor activities, and regulatory changes impacting the marine cargo insurance sector.
• Contribute to the development and refinement of underwriting strategies and guidelines.
• Collaborate with the claims department to understand loss trends and inform underwriting decisions.
• Provide technical underwriting support and guidance to internal teams and external partners.
• Monitor the performance of the marine cargo portfolio, identifying opportunities for growth and areas of concern.
• Ensure compliance with all relevant underwriting policies, procedures, and regulatory requirements.
• Participate in market development initiatives and represent the company at industry events.

Requirements

• A minimum of 8 years of dedicated experience in marine cargo underwriting.
• Proven track record of successfully underwriting and managing a profitable marine cargo portfolio.
• In-depth knowledge of international trade, shipping, and logistics, as they relate to cargo insurance.
• Strong understanding of various cargo types, transportation methods, and associated risks.
• Excellent analytical, negotiation, and decision-making skills.
• Exceptional communication and interpersonal abilities, with the capacity to build rapport with diverse stakeholders.
• Ability to work independently and manage a remote workload effectively.
• Relevant professional qualifications in marine insurance (e.g., DIP Cii/Marine Specialization) are highly desirable.
• Proficiency in using underwriting support systems and relevant software.

Benefits

• Our client offers a highly competitive salary commensurate with experience, along with a performance-driven bonus structure.
• A comprehensive benefits package includes top-tier medical and life insurance, and a contribution to a retirement savings plan.
• This role offers the significant advantage of being fully remote, providing unparalleled flexibility and work-life balance.
• Opportunities for continuous professional development and networking within the global marine insurance market are abundant.
• Join a respected leader in specialist insurance and leverage your expertise from the comfort of your home, impacting our client's success.