Senior Underwriter - Property & Casualty (Remote)

Placements24; Richards Bay; Hybrid; ZAR 800,000 - 1,200,000; Full time

Benefits offered by this job

Performance-based bonus

Comprehensive health insurance

Retirement plan with company matching

Fully remote work arrangement

Professional development opportunities

Paid time off and holidays

Job summary

Placements24 seeks a Senior Underwriter specializing in Property & Casualty for a fully remote role. You will assess complex risks, set coverage, and pricing while mentoring junior underwriters and collaborating with brokers.

Lead underwriting strategy, stay abreast of regulatory changes, and drive profitability with autonomous work from a home office. Remote-first environment offers flexibility for focused, productive work life.

Qualifications

• 7+ years in property & casualty underwriting
• Proven ability to underwrite diverse commercial/personal lines
• Strong analytical, quantitative, decision-making skills
• Excellent understanding of insurance principles and risk management
• Proven ability to build relationships with distribution partners
• Strong communication, negotiation, and presentation skills
• Proficient in underwriting software; experience with remote tools
• ACII/CPCU or similar designations preferred
• Bachelor's degree in Finance, Business, Risk Management or related field
• Ability to work independently in a fully remote setting

Responsibilities

• Evaluate and underwrite complex property and casualty risks
• Analyze financial statements, loss history, and inspection reports
• Determine coverage terms, pricing, and deductibles
• Develop and maintain relationships with brokers, agents, and clients
• Provide mentorship to junior underwriters
• Monitor portfolio performance and suggest strategy adjustments
• Stay updated on industry changes and regulatory developments
• Collaborate with claims, actuarial, and legal teams on issues
• Contribute to underwriting policies and procedures
• Manage a portfolio of assigned accounts for profitability

Skills

Property & Casualty

Senior underwriting

Risk assessment

Financial analysis

Team mentoring

Education

Bachelor's degree in Finance/Business/Risk Management

Tools

Underwriting software

Remote collaboration tools

Job description

About the Role

Our client, a distinguished name in the insurance industry, is seeking an accomplished Senior Underwriter specializing in Property & Casualty lines to join their esteemed, fully remote team. This pivotal role is designed for an expert who can meticulously assess risks, determine appropriate coverage, and set competitive pricing for complex commercial and personal policies. Operating in a remote-first environment, you will leverage your extensive knowledge and analytical prowess to make informed underwriting decisions that align with the company's profitability and growth objectives. This position demands a high level of autonomy, strategic thinking, and a proven track record in underwriting challenging risks. You will be a key contributor to the underwriting strategy, mentoring junior underwriters and collaborating with brokers and agents to foster strong business relationships. The successful candidate will have a deep understanding of market dynamics, regulatory requirements, and risk mitigation techniques. We are looking for a leader who can drive excellence and innovation in underwriting practices from their home office, contributing significantly to the ongoing success of the business. The flexibility of this remote role allows for a focused and productive work environment.

Key Responsibilities

• Evaluate and underwrite complex property and casualty insurance risks, ensuring adherence to company guidelines and risk appetite.
• Analyze financial statements, loss history, inspection reports, and other relevant data to assess risk exposure.
• Determine appropriate coverage terms, conditions, pricing, and deductibles for new and renewal business.
• Develop and maintain strong relationships with brokers, agents, and clients to facilitate business acquisition and retention.
• Provide technical guidance and mentorship to junior underwriters and support staff.
• Monitor portfolio performance, identify trends, and recommend adjustments to underwriting strategies.
• Stay abreast of industry changes, market conditions, and regulatory developments affecting P&C insurance.
• Collaborate with claims, actuarial, and legal departments to manage complex claims and policy issues.
• Contribute to the development and implementation of underwriting policies and procedures.
• Effectively manage a portfolio of assigned accounts, ensuring profitability and growth targets are met.

Requirements

• Minimum of 7 years of progressive experience in property and casualty underwriting.
• Demonstrated expertise in underwriting diverse commercial and personal lines risks.
• Strong analytical, quantitative, and decision-making skills.
• Excellent understanding of insurance principles, financial analysis, and risk management.
• Proven ability to build and maintain productive relationships with distribution partners.
• Strong communication, negotiation, and presentation skills.
• Proficiency in underwriting software and systems; experience with remote collaboration tools.
• Relevant professional designations (e.g., ACII, CPCU) are highly preferred.
• Bachelor's degree in Finance, Business, Risk Management, or a related field.
• Must be able to work independently and productively in a fully remote setting.

Benefits

• Highly competitive annual salary ranging up to ZAR.
• Significant performance-based bonus potential.
• Comprehensive health, dental, and vision insurance coverage.
• Generous retirement savings plan with company matching.
• Professional development opportunities, including certifications and training.
• Fully remote work arrangement, providing ultimate flexibility.
• Access to advanced underwriting tools and resources.
• Supportive virtual team environment with experienced colleagues.
• Generous paid time off and company holidays.