Senior Marine Insurance Underwriter

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

International travel

Hybrid working

Job summary

Placements24 in Richards Bay, KwaZulu-Natal, seeks a Senior Marine Insurance Underwriter to join a specialist insurer. The role blends office collaboration with remote analysis for underwriting complex marine risks including Hull & Machinery, Cargo and P&I.

You will manage a portfolio, develop new business, and provide expert guidance to brokers and clients. Ideal candidates bring extensive marine underwriting experience, strong analytical and negotiation skills, and the ability to mentor

Qualifications

• Extensive experience as a Marine Insurance Underwriter with knowledge of Hull & Machinery, Cargo and P&I.
• Strong analytical, negotiation and communication skills.
• Proven ability to underwrite complex marine risks and manage profitable portfolios.
• Ability to work effectively in a hybrid model with client and broker interaction.

Responsibilities

• Underwrite a diverse portfolio of marine insurance risks, ensuring profitability.
• Assess and price complex marine applications considering vessel type, routes, cargo, crew and history.
• Develop and maintain relationships with brokers, clients and industry stakeholders.
• Source new marine business opportunities and provide technical support on marine matters.
• Monitor portfolio performance and collaborate with claims teams on handling marine claims.
• Stay updated on shipping trends and maritime regulations; mentor junior underwriters.
• Represent the company at industry events to enhance market presence.

Job description

About the Role

Our client, a specialist insurer with a significant presence in the marine insurance market, is looking for a highly experienced Senior Marine Insurance Underwriter to join their team in Richards Bay, KwaZulu-Natal. This is a critical role requiring specialized knowledge of the marine industry and its associated risks. As a Senior Underwriter, you will be responsible for underwriting complex marine insurance policies, including Hull & Machinery, Cargo, and Protection & Indemnity risks. You will manage a portfolio of accounts, develop new business opportunities, and provide technical expertise to brokers and clients. This hybrid role offers a blend of office-based work for collaboration and strategic planning, alongside remote flexibility for focused analysis and administrative tasks. Your expertise will be vital in ensuring the continued profitability and growth of our marine insurance division.

Key Responsibilities

• Underwrite a diverse portfolio of marine insurance risks, ensuring adherence to company guidelines and profitability targets.
• Assess and price complex marine insurance applications, considering factors such as vessel type, trade routes, cargo, crew, and operational history.
• Develop and maintain strong relationships with key brokers, clients, and other stakeholders in the marine industry.
• Source and develop new profitable marine insurance business opportunities.
• Provide technical advice and support to brokers and clients on marine insurance matters.
• Monitor the performance of the marine portfolio, identifying trends, emerging risks, and areas for improvement.
• Collaborate with claims teams to ensure efficient and effective handling of marine claims.
• Stay updated on global shipping trends, maritime regulations, and changes in the marine insurance market.
• Mentor and guide junior underwriters and contribute to team development.
• Participate in industry events and forums to represent the company and enhance its market presence.

Requirements

• Extensive experience as a Marine Insurance Underwriter, with a strong understanding of various marine insurance classes.
• In-depth knowledge of maritime operations, shipping markets, and related risks.
• Proven ability to underwrite complex risks and manage a profitable portfolio.
• Excellent analytical, decision-making, and problem-solving skills.
• Strong negotiation and communication abilities, with the capacity to build rapport with industry professionals.
• Proficiency in marine insurance software and standard office applications.
• Relevant professional qualifications in marine insurance are highly desirable.
• Ability to work effectively in a hybrid model, demonstrating self-discipline and collaboration.
• Commitment to upholding ethical standards and best practices in underwriting.
• Understanding of relevant international maritime conventions and regulations.

Benefits

• Competitive salary and significant bonus potential tied to performance.
• Comprehensive medical aid, life insurance, and retirement fund contributions.
• Opportunities for international travel and professional development.
• A dynamic and globally-focused work environment.
• Flexible working arrangements within a hybrid model.
• Access to specialized industry data and analytics tools.