Senior Underwriter

Credit Guarantee Insurance Corporation of Africa Ltd; South Africa; On-site; ZAR 360,000 - 900,000; Full time

Job summary

Old Mutual South Africa is seeking an experienced underwriter to evaluate risk, determine renewal terms and pricing, and support Sales and Claims in a multi-disciplinary team. This role involves data-driven decision making and profitability analysis in renewal and new business contexts.

The candidate should hold Grade 12, be pursuing a commerce degree, have passed the Mark 4 Underwriting Test, and possess Mark 4 level underwriting experience with strong communication skills.

Qualifications

• Grade 12 and a tertiary commerce qualification or equivalent.
• Must have passed the Mark 4 Underwriting Technical Test.
• Experience as an Underwriter at Mark 4 level.
• Strong communication skills and knowledge of industry commodities.

Responsibilities

• Responsible for risk evaluation, pricing and selection / rejection of renewal business.
• Negotiate renewal terms and deliver renewal packages to Sales per guidelines.
• Conduct profitability analyses and monitor loss trends for assigned accounts.
• Collaborate with Sales, Claims and Underwriting on renewal issues.

Skills

Action Oriented

Business Insight

Communicates Effectively

Decision Quality

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education

Grade 12

Commerce degree (NQF 6-7) or similar

Studying towards Commercial degree

Mark 4 Underwriting Technical Test

Job description

Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Responsible for risk evaluation, pricing and selection / rejection of renewal business for all assigned accounts within the portfolio. Research problems and take initiative in recommending solutions for customer and financial issues that will enable the organisation to profitably accept the risk that our policies cover. Responsible for risk evaluation, pricing and selection / rejection of new and renewal business for all assigned accounts within the portfolio. Perform risk and contract evaluation on renewal business using rating guidelines, industry and occupational classifications, financial statements, manual rating, experience information (e.g. premium, claims, reserves, rate history and average exposure) for all assigned accounts. Determine required premium level based on experience and manual rates, plan design, services, and competitive information in accordance with organisational guidelines. Demonstrate a high degree of knowledge regarding underwriting quantitative and qualitative tools and communicate the outcomes clearly to Sales and Claims functions. Research all problems and risk related issues by using initiative in problem solving that involves management in decision making as necessary. Responsible for monitoring profitability as measured by loss ratio improvement. Complete semi-annual and ad hoc profitability analysis for all assigned cases and provide summary of analysis to management and Sales. Analysis to include but not limited to action plans for moving accounts to profitability and complete assessment of claim trends and services. Analyse all necessary historical account information. Determine renewal terms including required premium level and policy plan change recommendations and deliver complete renewal package to Sales according to organisational department guidelines. Accountable for the accuracy and completeness of all renewal data. Negotiate all subsequent appeals with Sales regarding premium levels and policy plan provisions and involve appropriate people in decision making and negotiating as necessary. Participate in interdepartmental discussions between Sales, Claims and Underwriting on renewal business issues and make recommendations regarding policy plan provisions and claims and administrative procedures. Communicate recommendations to Sales for delivery to customer. Review all customer and Sales requests for policy and plan changes. Determine contract and pricing changes necessary according to underwriting guidelines and use independent judgment. Negotiate with Sales subsequent appeals and manage changes according to organisational procedures.

Qualification

Grade 12 Tertiary qualification in Commerce (NQF Level 6-7 or equivalent) or studying towards a Commercial degree Must have passed the Mark 4 Underwriting Technical Test Must have experience as an Underwriter at Mark 4 level Must have a mandate and prior experience will be required Have in depth knowledge of the commodities in the industry and must have worked with policy holders Underwriting skills at policy holder level Must have excellent communication skills Must have a Code 8 Drivers License na

Skills Competencies

Action Oriented Business Insight Communicates Effectively Decision Quality Financial Acumen Instills Trust Manages Complexity Optimizes Work Processes

Education

Closing Date 19 October 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.