Underwriter

Placements24; East London; Hybrid; ZAR 350,000 - 520,000; Full time

Benefits offered by this job

Fully remote work arrangement

Medical aid

Retirement fund

Training and development

Job summary

Placements24 is seeking an experienced Underwriter to join our team, working remotely with occasional visits to the East London office. You will evaluate insurance applications, assess risk, and determine policy terms and premiums, contributing to the profitability of the portfolio.

Responsibilities include communicating with agents, maintaining records, and monitoring portfolio performance. A minimum of 3 years' underwriting experience and proficiency in underwriting software and MS Office are

Qualifications

• Minimum 3 years of experience as an Underwriter in short- or long-term insurance.
• Solid understanding of insurance principles, risk assessment and underwriting practices.
• Proficiency in underwriting software and MS Office.
• Relevant insurance qualifications (e.g., FAIS compliant) are a plus.

Responsibilities

• Evaluate insurance applications to assess risk exposure accurately.
• Determine policy terms, conditions, and pricing based on guidelines and risk.
• Communicate with agents and brokers to gather information for decisions.
• Maintain accurate records of underwriting decisions and policy details.
• Monitor portfolio performance and provide risk trend feedback to management.

Skills

Risk assessment

Analytical thinking

Decision making

Communication with agents

Education

FAIS compliant

Tools

MS Office Suite

Underwriting software

Job description

About the Role

Our client is seeking a skilled and analytical Underwriter to join their dynamic team, operating remotely with potential occasional visits to their East London office. This role is essential for evaluating insurance applications, assessing risks, and determining appropriate policy terms and premiums. You will play a key role in ensuring the profitability and sustainability of the company's insurance portfolio by making sound underwriting decisions. This is a fantastic opportunity for an experienced underwriter to work in a flexible, remote setting while contributing to the company's success in the Eastern Cape.

Key Responsibilities

• Evaluate insurance applications to assess risk exposure accurately.
• Determine policy terms, conditions, and pricing based on underwriting guidelines and risk assessment.
• Communicate with agents and brokers to gather necessary information for underwriting decisions.
• Maintain accurate records of underwriting decisions and policy details.
• Monitor portfolio performance and provide feedback to management on risk trends.

Requirements

• Minimum of 3 years of experience as an Underwriter , preferably in the short-term or long-term insurance sector.
• Solid understanding of insurance principles, risk assessment, and underwriting practices.
• Strong analytical and decision-making skills.
• Proficiency in underwriting software and MS Office Suite.
• Relevant insurance qualifications (e.g., FAIS compliant, introductory insurance courses) are a plus.

Benefits

• Competitive salary commensurate with experience and qualifications.
• Fully remote work arrangement offering significant flexibility.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for ongoing training and professional development in underwriting.
• A supportive virtual team environment focused on collaboration and efficiency.