Senior Underwriting Specialist

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

Benefits offered by this job

Comprehensive medical aid and退休 fund

Professional development opportunities

Generous leave allowance and wellnessプ

Exposure to a wide range of insuranceR

Job summary

Placements24 is seeking a Senior Underwriting Specialist for our client in Midrand, Gauteng. The role focuses on assessing and managing insurance risks across a diverse client portfolio to protect profitability and product sustainability.

You will analyze risk, underwrite applications, and collaborate with brokers and internal teams to drive business growth while ensuring regulatory compliance and best practices.

Qualifications

• Bachelor's degree in Finance, Business Administration, Risk Management or related field.
• Minimum of 5 years experience in insurance underwriting.
• ACII or equivalent certifications are advantageous.

Responsibilities

• Evaluate and underwrite new and renewal insurance applications, assessing risk factors and determining coverage and pricing.
• Analyze financial statements, loss history, and data to support underwriting decisions.
• Build relationships with brokers, agents and stakeholders to drive business growth and provide expert advice.
• Ensure compliance with company policies, regulatory requirements and industry best practices.
• Collaborate with claims and actuarial teams to contribute to risk management and product development.
• Mentor junior underwriters to develop skills and performance.
• Stay updated on market trends, emerging risks and legislative changes.

Skills

Analytical thinking

Problem solving

Decision making

Communication skills

Interpersonal skills

Education

Bachelor's degree in Finance

Bachelor's degree in Business Administration

Bachelor's degree in Risk Management

Tools

Underwriting software

Office applications

Job description

About the Role

Our client, a leading insurance provider, is seeking a highly motivated and experienced Senior Underwriting Specialist to join their dynamic team in Midrand, Gauteng. This pivotal role involves assessing and managing insurance risks for a diverse portfolio of clients. You will play a crucial part in ensuring the profitability and sustainability of our insurance products by making informed decisions on policy applications. The ideal candidate possesses a keen analytical mind, a deep understanding of insurance principles, and the ability to navigate complex risk scenarios. This is an excellent opportunity to advance your career in a challenging and rewarding environment within the thriving insurance sector.

Key Responsibilities

• Evaluate and underwrite new and renewal insurance applications, assessing risk factors and determining appropriate coverage levels and pricing.
• Analyze financial statements, loss history, and other relevant data to make sound underwriting decisions.
• Develop and maintain strong relationships with brokers, agents, and internal stakeholders to facilitate business growth and provide expert advice.
• Ensure compliance with company policies, regulatory requirements, and industry best practices in all underwriting activities.
• Collaborate with claims and actuarial departments to share insights and contribute to product development and risk management strategies.
• Mentor junior underwriters, providing guidance and support to enhance their skills and performance.
• Stay abreast of market trends, emerging risks, and changes in legislation that may impact the insurance portfolio.

Requirements

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field.
• Minimum of 5 years of experience in insurance underwriting, with a proven track record in risk assessment.
• Strong knowledge of insurance products, underwriting principles, and regulatory frameworks relevant to Midrand, Gauteng.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in using underwriting software and standard office applications.
• Exceptional communication and interpersonal skills, with the ability to articulate complex information clearly and concisely.
• Professional certifications such as ACII or equivalent are highly advantageous.

Benefits

• Competitive annual salary and performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development and further qualifications.
• A supportive and collaborative work environment in Midrand, Gauteng.
• Generous leave allowance and other employee wellness programs.
• Exposure to a wide range of insurance risks and complex cases.