Senior Remote Insurance Underwriter

Placements24; Cape Town; Hybrid; ZAR 1,000,000 - 1,500,000; Full time

Benefits offered by this job

Fully remote work arrangement

Bonus potential

Comprehensive benefits

Professional development

Impactful work

Job summary

Placements24 is recruiting a Senior Remote Insurance Underwriter for a fully remote role servicing clients across South Africa. You will evaluate, price, and manage complex commercial risks, applying underwriting guidelines while collaborating with brokers and internal teams from a distance.

The ideal candidate holds a Bachelor's in Finance/Economics/Business, 8+ years of underwriting experience in commercial lines, and professional designations such as CPCU/AU/CIC.

Qualifications

• Bachelor's degree in Finance, Economics, Business or related field.
• Professional designations such as CPCU, AU or CIC are advantageous.
• Minimum 8 years of progressive insurance underwriting experience, focused on commercial lines.

Responsibilities

• Analyze and assess complex insurance risks for commercial accounts across multiple lines.
• Apply underwriting principles and guidelines to determine pricing.
• Develop and maintain relationships with brokers and agents via virtual channels.
• Evaluate loss history and financial data to inform underwriting decisions.
• Negotiate terms and pricing with producers while ensuring profitability.
• Monitor portfolio performance and identify trends.
• Collaborate remotely with claims, actuarial, and product teams.
• Provide guidance to junior underwriters and maintain files.

Skills

Analytical skills

Remote communication

Negotiation skills

Decision-making

Proficiency with underwriting systems

Education

Bachelor's degree in Finance, Economics, Business

CPCU/AU/CIC designation (advantage)

Tools

Underwriting systems

Data analysis tools

Virtual collaboration software

Job description

About the Role

Our client, a highly respected and innovative insurance provider, is seeking a seasoned Senior Remote Insurance Underwriter to join their fully remote team, serving clients across Cape Town, Western Cape, and beyond. This critical role involves evaluating, selecting, and pricing insurance risks for complex commercial policies, ensuring profitability and adherence to underwriting guidelines. The ideal candidate will possess extensive knowledge of various insurance lines, exceptional analytical skills, and a proven ability to make sound underwriting decisions from a distance. You will leverage advanced analytics and industry insights to manage a portfolio of risks, collaborating virtually with brokers, agents, and internal teams. This is an exceptional opportunity for an experienced underwriter looking for a remote-first position with a forward-thinking company that values expertise and autonomy. Your work will directly shape the company's risk appetite and financial performance.

Key Responsibilities

• Analyze and assess complex insurance risks for commercial accounts across multiple lines of business.
• Apply underwriting principles and guidelines to select desirable risks and determine appropriate pricing.
• Develop and maintain strong relationships with brokers and agents through virtual communication channels.
• Evaluate loss history, financial statements, and other relevant data to make informed underwriting decisions.
• Negotiate terms, conditions, and pricing with producers while ensuring profitability.
• Monitor portfolio performance and identify trends or potential areas of concern.
• Stay current with market conditions, regulatory changes, and emerging risks.
• Collaborate remotely with claims, actuarial, and product development teams.
• Provide guidance and mentorship to junior underwriters.
• Maintain accurate and detailed underwriting files and records.

Requirements

• Bachelor's degree in Finance, Economics, Business, or a related field.
• Professional designations such as CPCU, AU, or CIC are highly advantageous.
• Minimum of 8 years of progressive experience in insurance underwriting, with a significant portion focused on commercial lines.
• Demonstrated expertise in risk assessment, pricing, and portfolio management.
• Exceptional analytical, critical thinking, and decision-making skills.
• Strong negotiation and communication abilities, effective in a remote setting.
• Proficiency in using underwriting systems, data analysis tools, and virtual collaboration software.
• Self-motivated, highly organized, and capable of managing workload independently.
• Understanding of legal and regulatory requirements within the insurance industry.
• Ability to interpret complex financial data and risk profiles.
• Must be comfortable and effective working in a fully remote capacity.

Benefits

• Fully remote work arrangement offering maximum flexibility and work-life balance.
• Highly competitive salary with significant bonus potential.
• Comprehensive benefits package including health, dental, and retirement savings.
• Significant opportunities for professional development and career advancement.
• Work with a leading, innovative insurance company.
• Direct impact on the company's strategic direction and risk management.