Specialty Lines Underwriter

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

Benefits offered by this job

Competitive salary package

Medical aid and retirement savings

Specialized training programs

Hybrid work arrangements

Collaborative team environment

Job summary

Placements24 is seeking a proficient Specialty Lines Underwriter to join our client in Port Elizabeth, Eastern Cape. You will assess and price risks for Professional Indemnity, Directors & Officers, and Cyber Liability, and you will work with brokers to negotiate policy terms.

The role requires at least five years of underwriting experience in specialty lines, strong analytical skills, and knowledge of insurance software.

Qualifications

• Bachelor's degree in a relevant field; professional qualifications are advantageous.
• Experience with specialty lines in underwriting and pricing.
• Strong analytical and decision-making abilities; ability to negotiate with brokers.

Responsibilities

• Analyze and underwrite specialty insurance risks (PI, D&O, Cyber Liability).
• Develop pricing and terms for specialty policies.
• Evaluate applications, financials, and loss histories to determine risk acceptability.
• Build and maintain broker/agent relationships and negotiate policy terms.
• Stay informed on market developments and regulatory changes in specialty lines.
• Collaborate with claims and legal teams to manage policy exposures.
• Contribute to underwriting guideline development for specialty products.

Skills

Underwriting specialty lines

Analytical thinking

Broker relationships

Negotiation skills

Team collaboration

Education

Bachelor's degree in Business, Finance, Law

ACII

CIP

Tools

Insurance software

MS Office

Job description

About the Role

Our client, a respected insurer renowned for its expertise in niche markets, is seeking a proficient Specialty Lines Underwriter to join their expanding team in Port Elizabeth, Eastern Cape . This role is crucial for assessing and pricing risks associated with specialized insurance products, requiring a sharp analytical mind and a deep understanding of unique market segments. You will be instrumental in evaluating complex applications, developing tailored policy wordings, and managing broker relationships. This position offers a fantastic career development opportunity within a supportive environment, contributing to the company's strong reputation in the specialty insurance sector in Port Elizabeth . We seek an individual with a proactive approach and a dedication to excellence.

Key Responsibilities

• Analyze and underwrite specialty insurance risks, including Professional Indemnity, Directors & Officers, and Cyber Liability.
• Develop accurate pricing and terms and conditions for specialty insurance policies.
• Evaluate applications, financial statements, and loss histories to determine risk acceptability.
• Build and maintain strong relationships with brokers and agents.
• Negotiate policy terms and conditions with clients and intermediaries.
• Stay informed about market developments, regulatory changes, and emerging risks in specialty lines.
• Collaborate with internal teams, including claims and legal, to manage policy exposures.
• Contribute to the development and refinement of underwriting guidelines for specialty products.

Requirements

• Bachelor's degree in Business, Finance, Law, or a related field.
• Minimum of 5 years of underwriting experience, with a significant focus on specialty insurance lines.
• Demonstrated expertise in at least two major specialty lines of business.
• Strong analytical, critical thinking, and decision-making skills.
• Excellent negotiation and interpersonal communication skills.
• Proficiency in insurance software and Microsoft Office Suite.
• Ability to work independently and as part of a team in a fast-paced environment.
• Relevant professional qualifications (e.g., ACII, CIP) are a strong advantage.

Benefits

• Competitive salary package with opportunities for annual bonuses.
• Comprehensive medical aid and retirement savings plan.
• Access to specialized training programs for continuous professional development.
• A collaborative and supportive team environment in Port Elizabeth .
• Opportunities for career growth within a reputable insurance organization.
• Potential for hybrid work arrangements after initial onboarding.