Senior Underwriter

Placements24; Gauteng; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Hybrid work model

Medical benefits

Retirement plan

Performance bonuses

Job summary

Placements24 is seeking an experienced Senior Underwriter in Gauteng to evaluate and approve or reject insurance risks in line with underwriting philosophy. You will advise on complex risks, contribute to underwriting strategy, and mentor junior underwriters to ensure portfolio profitability.

The role requires sharp analytical skills, deep industry knowledge, and proactive risk management within a dynamic insurance market in South Africa.

Qualifications

• Minimum 5 years of underwriting experience, senior level preferred.
• Experience with risk assessment, pricing, and policy wording.
• Strong grasp of financial principles and underwriting profitability.
• Excellent analytical and decision-making abilities.
• Good communication and stakeholder engagement skills.

Responsibilities

• Assess, price, and accept or reject insurance applications according to guidelines.
• Develop and maintain relationships with brokers and agents for quality business.
• Analyze complex risks, identify exposures, and set coverage/pricing strategies.
• Monitor portfolio performance and provide insights for improvement.
• Mentor and train junior underwriters on technical skills and practices.
• Contribute to underwriting policy development and refinement.

Skills

Underwriting

Risk assessment

Pricing

Mentoring juniors

Stakeholder engagement

Education

ACII

FLMI

Job description

About the Role

Our client is seeking an experienced Senior Underwriter to play a key role in their Tembisa operations. This position involves evaluating and accepting or rejecting insurance risks according to the company's guidelines and underwriting philosophy. You will provide expert guidance on complex risks, contribute to underwriting strategy, and mentor junior underwriters, ensuring the profitability and stability of the insurance portfolio. This is a critical role that requires sharp analytical skills, deep industry knowledge, and a proactive approach to risk management within the dynamic insurance landscape.

Key Responsibilities

• Assess, price, and accept or reject insurance applications based on established underwriting guidelines and risk assessment protocols.
• Develop and maintain strong relationships with brokers and agents to ensure a steady flow of quality business.
• Analyze complex risks, identify potential exposures, and recommend appropriate coverage and pricing strategies.
• Monitor the performance of assigned portfolios, analyze trends, and provide insights for improvement.
• Mentor and train junior underwriters, providing guidance on technical skills and best practices.
• Contribute to the development and refinement of underwriting policies and procedures.

Requirements

• Minimum of 5 years of experience in underwriting, preferably within a senior capacity.
• Demonstrated expertise in risk assessment, pricing, and policy wording for various insurance products.
• Strong understanding of financial principles and their application to underwriting profitability.
• Excellent analytical, decision-making, and problem-solving abilities.
• Effective communication and interpersonal skills for stakeholder engagement.
• Relevant professional certifications (e.g., ACII, FLMI) are highly regarded.

Benefits

• Competitive salary commensurate with experience and expertise.
• Performance-based incentives and bonus structures.
• Hybrid work model offering flexibility between office and remote work.
• Comprehensive benefits package including medical and retirement plans.
• Continuous learning and professional development opportunities in Tembisa .