Senior Underwriter

Placements24; South Africa; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Retirement savings plan

Career advancement

Generous annual leave

Collaborative work environment in Temb

Professional development opportunities

Job summary

Placements24 in Gauteng's Tembisa seeks a seasoned Senior Underwriter to evaluate complex applications, set terms and pricing, and steer underwriting policy.

You will mentor junior underwriters, collaborate with brokers and sales teams, and drive profitable growth while upholding regulatory standards. ACII/FLMI qualifications are preferred and strong analytical, negotiation, and leadership abilities are essential.

Qualifications

• Extensive experience as an Underwriter, with a strong focus on complex risks.
• In-depth knowledge of insurance products, markets, and regulatory requirements.
• Exceptional analytical, decision-making, and risk assessment skills.
• Strong negotiation and communication abilities to interact with internal and external stakeholders.
• Demonstrated leadership capabilities and mentoring team members.
• ACII or FLMI qualifications are highly preferred.

Responsibilities

• Analyze and evaluate complex insurance applications to assess risk exposure accurately.
• Determine underwriting guidelines, policy terms, conditions, and pricing for new and existing business.
• Review and approve or reject insurance applications based on risk assessment and company policies.
• Collaborate with sales teams and brokers to provide expert advice on underwriting and risk management.
• Monitor the performance of underwriting portfolios and recommend adjustments to strategies as needed.
• Mentor and train junior underwriters, fostering a culture of expertise and compliance.

Skills

Analytical thinking

Decision making

Risk assessment

Negotiation

Communication

Leadership

Mentoring

Education

ACII

FLMI

Job description

About the Role

Our client is looking for an experienced and analytical Senior Underwriter to join their esteemed insurance team based in Tembisa, Gauteng . In this critical role, you will be responsible for evaluating complex insurance applications, assessing risks, and determining appropriate policy terms and pricing. You will play a vital part in guiding underwriting policy and strategy, mentoring junior underwriters, and ensuring profitable business growth. This is an excellent opportunity for a seasoned professional to leverage their expertise in a challenging yet rewarding environment, contributing to the company's strategic objectives and market position.

Key Responsibilities

• Analyze and evaluate complex insurance applications to assess risk exposure accurately.
• Determine underwriting guidelines, policy terms, conditions, and pricing for new and existing business.
• Review and approve or reject insurance applications based on risk assessment and company policies.
• Collaborate with sales teams and brokers to provide expert advice on underwriting and risk management.
• Monitor the performance of underwriting portfolios and recommend adjustments to strategies as needed.
• Mentor and train junior underwriters, fostering a culture of expertise and compliance.

Requirements

• Extensive experience as an Underwriter, with a strong focus on complex risks.
• In-depth knowledge of insurance products, markets, and regulatory requirements.
• Exceptional analytical, decision-making, and risk assessment skills.
• Strong negotiation and communication abilities to interact with internal and external stakeholders.
• Demonstrated leadership capabilities and experience in mentoring team members.
• Relevant professional qualifications (e.g., ACII, FLMI) are highly preferred.

Benefits

• Attractive salary commensurate with experience and expertise.
• Comprehensive health insurance and retirement savings plan.
• Opportunities for career advancement within a leading insurance company.
• Generous annual leave allowance.
• A professional and collaborative work environment in Tembisa .