Specialist Technical Underwriter

Old Mutual Insure Limited; Cape Town; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A leading African financial services organization seeks a Specialist Technical Underwriter to evaluate and select insurance risks. The role involves reviewing submissions, managing compliance, and supporting underwriting automation. Candidates should have a diploma in general insurance and 3-5 years of experience in commercial underwriting. This position offers a chance to contribute to a well-respected company in Cape Town.

Qualifications

• 3-5 years’ experience in commercial underwriting.
• Knowledge of Old Mutual Insure policy administration systems.

Responsibilities

• Review new business and renewal proposals to ensure acceptability.
• Carry out research for improving automated underwriting processes.
• Keep track of risk parameters and report deviations.
• Investigate compliance issues and take actions for resolution.
• Help optimize external communication systems.

Skills

Action Planning

Compliance Software

Computer Literacy

Crisis Management

Data Compilation

Data Controls

Legal Practices

Management Reporting

Numerical Aptitude

Oral Communications

Professional Presentation

Regulatory Compliance Management

Risk Management

Underwriting Management

Education

Diploma or equivalent NQF Level 6 qualification in general insurance

NQF Level 5 - Higher, Advanced or Occupational Certificate

Job description

Specialist Technical Underwriter page is loaded

Specialist Technical Underwriter

Apply locations Pinelands posted on Posted Yesterday job requisition id JR-69674

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Purpose: Reviews risk submissions from clients, agents, and referrals, and underwrites insurance requests within guidelines of the underwriting manual and authority limits. Applies underwriting and risk-selection techniques to determine acceptability of new and renewal insurance risks.

Job Responsibilities
Underwriting Insurance Cases:

• Review new business and renewal proposals to ensure acceptability and completeness of underwriting and rating information, providing price quotations for underwriters and referring unusual or complex cases to senior colleagues.

Underwriting Automation:

• Carry out allocated research and analysis to support the development, validation, and improvement of automated underwriting processes and systems.

Organizational Risk Management:

• Keep track of risk parameters, identifying any deviations and reporting them to more senior colleagues. Involves working within established risk management systems.

Regulatory and Compliance Management:

• Investigate standard incidents using current regulatory and compliance processes, systems, and procedures, and take action to solve immediate compliance issues. Advise more senior colleagues on more complex problems.

External Communications:

• Help others get the most out of external communications systems by offering support and advice.

Recommendations:

• Advise managers how to apply a wide variety of existing procedures and precedents.

Document Preparation:

• Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

Operational Compliance:

• Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.

Personal Capability Building:

• Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Critical objectives and responsibilities

• Responsible for risk evaluation and selection / rejection of new business for all assigned accounts within the portfolio.
• Continuous improvement to ensure effective service
• Service delivery to ensure customer satisfaction
• Cost control and governance adherence
• Quality people practices

Experience, knowledge & skills required

• Diploma and/or equivalent NQF Level 6 qualification in general insurance.
• 3 – 5 years’ experience in commercial underwriting.
• Knowledge of Old Mutual Insure policy administration systems.

Skills

Action Planning, Compliance Software, Computer Literacy, Crisis Management, Data Compilation, Data Controls, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Professional Presentation, Regulatory Compliance Management, Risk Management, Underwriting Management

Competencies

Action OrientedBusiness InsightCollaboratesCommunicates EffectivelyDecision QualityEnsures AccountabilityFinancial AcumenInstills Trust

Education

NQF Level 5 - Higher, Advance or Occupational Certificate or equivalent

Closing Date

08 August 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!

About Us

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.