Senior Underwriter - Commercial Lines

Placements24; George; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Remote work opportunity

Annual bonus potential

Medical, dental, retirement plans

Professional development budget

Job summary

Placements24 seeks a Senior Underwriter to manage and underwrite complex commercial insurance risks remotely in South Africa, evaluating submissions and pricing to protect profitability. You will build broker relationships and contribute to strategic growth from a remote setting.

The ideal candidate has 5+ years in commercial underwriting, strong financial analysis, and excellent communication and negotiation skills to thrive in a fast-paced market.

Qualifications

• Minimum of 5 years of experience in commercial underwriting.
• In-depth knowledge of commercial insurance products and risk assessment techniques.
• Excellent communication, negotiation, and interpersonal skills in a remote setting.

Responsibilities

• Underwrite new and renewal commercial insurance applications, assessing risks and pricing.
• Analyze financial statements, loss history, and data to inform underwriting decisions.
• Develop and maintain relationships with brokers and agents.
• Monitor portfolio performance and pursue profitable growth.
• Stay updated on market changes and regulatory requirements.

Skills

Underwriting

Financial analysis

Remote communication

Relationship management

Negotiation

Education

Professional qualifications in insurance

Job description

About the Role

Our client is looking for an experienced Senior Underwriter to manage and assess complex commercial insurance risks remotely. You will play a critical role in evaluating new business submissions and renewals, determining appropriate pricing and terms, and ensuring the profitability of the assigned book of business. This remote position demands strong analytical acumen, meticulous attention to detail, and the ability to build and maintain relationships with brokers and agents virtually. You will contribute to strategic decision-making processes, leveraging your expertise to support the company's growth and financial stability in a dynamic market.

Key Responsibilities

• Underwrite new and renewal commercial insurance applications, assessing risks and determining policy terms, conditions, and pricing.
• Analyze financial statements, loss history, and other relevant data to make informed underwriting decisions.
• Develop and maintain strong relationships with brokers and agents, providing expert guidance and support.
• Monitor portfolio performance, identifying trends and implementing strategies to achieve profitable growth.
• Stay abreast of market changes, regulatory requirements, and industry best practices in commercial insurance .

Requirements

• Minimum of 5 years of experience in commercial lines underwriting .
• In-depth knowledge of various commercial insurance products and risk assessment techniques.
• Strong financial analysis and decision-making capabilities.
• Excellent communication, negotiation, and interpersonal skills, adaptable to a remote setting.
• Relevant professional qualifications or certifications in insurance are highly desirable.

Benefits

• Highly competitive salary with annual bonus potential.
• Fully remote work opportunity with flexibility.
• Comprehensive benefits package including medical, dental, and retirement plans.
• Generous allowance for professional development and continued education.
• A collaborative and supportive virtual work culture with opportunities for career advancement.