Senior Underwriter - Property

Placements24; Benoni; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Performance incentives

Medical aid

Life insurance

Retirement fund

Job summary

Placements24 in Benoni, Gauteng, is seeking a senior underwriter specializing in property insurance. You will assess and price complex property risks, develop underwriting guidelines, and mentor junior underwriters.

The role centers on managing profitability of the property book and making critical decisions on large risks while contributing to the strategic direction of the underwriting department within a leading insurance provider in Gauteng.

Qualifications

• Minimum 6 years of progressive experience in property insurance underwriting.
• In-depth knowledge of property insurance products, risk assessment, and pricing methodologies.
• Proven ability to manage a significant book of business and make sound underwriting decisions.

Responsibilities

• Underwrite and price complex property insurance risks, ensuring profitable outcomes for the company.
• Develop and refine underwriting policies, procedures, and guidelines for property insurance products.
• Analyze market trends, competitor strategies, and emerging risks affecting the property insurance sector.
• Provide expert guidance and mentorship to a team of property underwriters.

Skills

Property underwriting

Risk assessment

Pricing methodologies

Leadership

Negotiation

Education

Insurance underwriting qualifications

Job description

About the Role

Our client, a leading insurance provider in Benoni , is seeking a highly experienced Senior Underwriter specializing in property insurance. This role demands extensive expertise in assessing and pricing complex property risks, developing underwriting guidelines, and mentoring junior underwriters. You will play a crucial role in managing the profitability of the property book of business, making critical decisions on large and complex risks, and contributing to the strategic direction of the underwriting department. This is a significant opportunity for a seasoned professional to lead and innovate within the insurance sector in Gauteng.

Key Responsibilities

• Underwrite and price complex property insurance risks, ensuring profitable outcomes for the company.
• Develop and refine underwriting policies, procedures, and guidelines for property insurance products.
• Analyze market trends, competitor strategies, and emerging risks affecting the property insurance sector.
• Provide expert guidance and mentorship to a team of property underwriters.
• Collaborate with brokers and clients to secure and retain profitable business.

Requirements

• A minimum of 6 years of progressive experience in property insurance underwriting .
• In-depth knowledge of property insurance products, risk assessment, and pricing methodologies.
• Proven ability to manage a significant book of business and make sound underwriting decisions.
• Excellent leadership, communication, and negotiation skills.
• Relevant professional qualifications in insurance underwriting are essential.

Benefits

• Attractive senior-level salary with performance-based incentives.
• Comprehensive medical aid, life insurance, and retirement fund benefits.
• Significant opportunities for professional growth and leadership development.
• Flexible remote work options, offering a great work-life balance.
• A dynamic and challenging role within a respected insurance company in Benoni .