Senior Underwriter: Renewal Risk & Profitability

Old Mutual Limited; South Africa; On-site; ZAR 480,000 - 720,000; Full time

Job summary

Old Mutual Limited in South Africa seeks an experienced Underwriter at Mark 4 level to assess renewal and new business, price risk, and decide on acceptance.

You will analyze financial statements, apply guidelines, determine premiums, and prepare renewal packages for Sales while monitoring profitability.

The role requires Grade 12 and Commerce studies, a Mark 4 Underwriting Test, and proven communication and negotiation skills; Code 8 license is expected.

Qualifications

• Grade 12 and a tertiary commerce qualification or studying towards a commerce degree.
• Pass Mark 4 Underwriting Technical Test.
• Experience as an Underwriter at Mark 4 level.
• Code 8 Driver's License.
• Excellent communication and negotiation skills.
• Knowledge of underwriting tools and policy terms.

Responsibilities

• Evaluate risk, price, and select/reject renewal and new business for accounts.
• Perform risk and contract evaluation using guidelines and financial data.
• Determine required premium level and plan changes.
• Monitor profitability and analyze loss trends.
• Prepare renewal packages and negotiate terms with Sales.

Skills

Underwriting experience

Communication skills

Decision quality

Financial acumen

Negotiation

Education

Grade 12

Commerce degree or studying towards

Mark 4 Underwriting Technical Test

Underwriter experience at Mark 4 level

Job description

Old Mutual Limited in South Africa seeks an experienced Underwriter at Mark 4 level to assess renewal and new business, price risk, and decide on acceptance.

You will analyze financial statements, apply guidelines, determine premiums, and prepare renewal packages for Sales while monitoring profitability.

The role requires Grade 12 and Commerce studies, a Mark 4 Underwriting Test, and proven communication and negotiation skills; Code 8 license is expected.