Senior Underwriter - Specialty Lines

Placements24; Rustenburg; Hybrid; ZAR 900,000 - 1,300,000; Full time

Job description

About the Role

Our client, a leader in providing specialized insurance solutions, is seeking a highly skilled Senior Underwriter for their **Rustenburg** operations. This role operates on a hybrid model, allowing for a blend of remote work and collaborative in-office sessions at our **Rustenburg** branch. You will be responsible for evaluating, selecting, and pricing complex risks within specialty insurance lines, ensuring profitability and adherence to underwriting guidelines. The ideal candidate will possess deep expertise in niche insurance markets, strong analytical capabilities, and a proven ability to manage a challenging portfolio. You will play a crucial role in the growth and success of our specialty lines business within the **North West** province and beyond. This is an exceptional opportunity to apply your advanced underwriting knowledge in a challenging and rewarding environment.

Key Responsibilities

• Underwrite complex risks in specialty insurance lines (e.g., professional indemnity, cyber liability, environmental liability).
• Analyze financial statements, risk exposures, and other relevant data to determine insurability and appropriate pricing.
• Develop and maintain strong relationships with brokers and agents, providing expert advice and support.
• Ensure adherence to underwriting guidelines, appetite, and profitability targets.
• Negotiate terms, conditions, and pricing for complex accounts.
• Collaborate with claims, legal, and product development teams to ensure comprehensive risk management.
• Stay current with market trends, regulatory changes, and emerging risks in specialty insurance.
• Mentor and provide guidance to junior underwriters.
• Contribute to the development and refinement of underwriting strategies and tools.
• Prepare detailed underwriting reports and present findings to management.

Requirements

• Bachelor's degree in Finance, Economics, Business, or a related field; professional designations (e.g., ACII, CPCU) are highly desirable.
• Minimum of 6 years of experience in underwriting, with a significant focus on specialty insurance lines.
• Proven expertise in evaluating and pricing complex risks.
• In-depth understanding of specialty insurance markets and products.
• Strong analytical, decision-making, and negotiation skills.
• Excellent written and verbal communication skills.
• Proficiency in underwriting systems, risk modeling software, and data analysis tools.
• Ability to work independently and collaboratively in a hybrid setting.
• Strong relationship-building skills with brokers and internal teams.
• Detail-oriented with a high degree of professional integrity.

Benefits

• Competitive salary and attractive bonus structure.
• Hybrid work arrangement offering flexibility.
• Comprehensive health, dental, and vision insurance.
• Retirement savings plan with company match.
• Opportunities for continuous professional development and advanced training.
• Exposure to challenging and diverse specialty insurance risks.
• Collaborative and expert team environment in **Rustenburg**.
• Travel opportunities for client and industry events.
• Employee assistance program.
• Generous paid time off.