Underwriter

Placements24; Cape Town; Hybrid; ZAR 350,000 - 600,000; Full time

Benefits offered by this job

Hybrid work environment

Health and wellness benefits

Continuing learning opportunities

Professional certifications

Job summary

Placements24 is seeking a meticulous and experienced Underwriter to join the team in Centurion, operating on a hybrid model. You will assess and price insurance risks, ensuring profitable policies in line with the company’s risk appetite and market conditions.

You will analyze financial data, loss history, and trends to inform decisions, collaborate with brokers, and stay compliant with industry regulations while balancing client needs and company goals.

Qualifications

• Proven experience as an underwriter in insurance.
• Strong analytical and quantitative skills with ability to interpret data.
• Proficiency in underwriting software and standard office applications.

Responsibilities

• Evaluate insurance applications and assess risks for individuals, businesses, or properties.
• Determine premiums and policy terms based on risk analysis and guidelines.
• Review financial statements, medical records, and other relevant docs.
• Collaborate with brokers and agents to gather information and explain underwriting decisions.
• Monitor performance of assigned segments and adjust underwriting strategy as needed.
• Stay updated on industry regulations, market changes, and emerging risks.

Skills

Underwriting experience

Analytical skills

Risk assessment

Communication skills

Negotiation

Education

Finance/Insurance degree or related qualification

Tools

Underwriting software

MS Office

Job description

About the Role

Our client is looking for a meticulous and experienced Underwriter to join their team in Centurion , operating on a hybrid model. In this critical role, you will assess and price insurance risks, ensuring that policies are issued profitably and in line with the company's risk appetite. You will analyze financial data, historical loss information, and market trends to make informed decisions on policy applications. This position requires a keen eye for detail, strong analytical capabilities, and the ability to balance risk management with client needs, contributing to the financial health and strategic objectives of the organization within the competitive Gauteng insurance landscape.

Key Responsibilities

• Evaluate insurance applications, assessing risks associated with individuals, businesses, or properties.
• Determine appropriate premiums and policy terms based on risk analysis and underwriting guidelines.
• Review and analyze financial statements, medical records, and other relevant documentation.
• Collaborate with brokers and agents to gather necessary information and explain underwriting decisions.
• Monitor the performance of assigned business segments and recommend adjustments to underwriting strategy.
• Stay updated on industry regulations, market changes, and emerging risks.

Requirements

• Proven experience as an Underwriter in the insurance industry, with a strong understanding of risk assessment principles.
• Excellent analytical and quantitative skills, with the ability to interpret complex data.
• Proficiency in underwriting software and standard office applications.
• Strong decision-making capabilities and attention to detail.
• Effective communication and negotiation skills for interacting with internal and external stakeholders.
• A relevant degree or professional qualification in finance, insurance, or a related field is preferred.

Benefits

• Competitive salary package commensurate with experience.
• Hybrid work environment offering flexibility between office and remote work.
• Comprehensive health and wellness benefits.
• Opportunities for continuous learning and professional certifications.
• A dynamic work environment with a focus on professional growth and collaboration.