Underwriting Manager

Placements24; Durban; Hybride; ZAR 1 000 000 - 1 800 000; Plein temps

Avantages offerts par ce poste

Competitive salary package

Comprehensive medical coverage

Pension fund

Hybrid work environment

Résumé du poste

Placements24 is seeking an experienced Underwriting Manager in Durban to lead a skilled underwriting team and drive the company’s underwriting strategy. You will shape pricing and risk assessment for a range of insurance products while ensuring profitability.

The role balances office collaboration with remote flexibility, offering leadership development and a platform to influence market strategies in KwaZulu-Natal.

Qualifications

• Bachelor's degree in Finance, Business, Risk Management, or a related field; professional underwriting qualifications are advantageous.
• Minimum 6 years of progressive experience in insurance underwriting, with at least 2 years in a leadership/supervisory capacity.
• Comprehensive knowledge of underwriting principles, practices, and various insurance products (e.g., commercial and personal lines).
• Proven ability to assess and manage risk effectively.

Responsabilités

• Develop and implement effective underwriting strategies aligned with company objectives and market conditions.
• Lead, mentor, and train a team of underwriters, ensuring high standards of risk selection and pricing accuracy.
• Oversee the underwriting process for various insurance products, managing risk exposure and profitability.
• Analyze market trends, competitor activities, and economic factors to inform underwriting decisions.
• Establish and maintain strong relationships with brokers and agents.
• Set performance targets for the underwriting team and monitor progress.
• Ensure compliance with underwriting guidelines, regulatory requirements, and internal controls.
• Review and approve complex or high-value risks.
• Contribute to product development and pricing reviews.

Connaissances

Leadership and team management

Risk assessment

Pricing strategies

Market analysis

Decision making

Communication

Data analysis tools

Underwriting expertise

Formation

Bachelor's degree in Finance/Business/Risk Management

Outils

Underwriting software

Description du poste

About the Role

Our client, a prominent player in the insurance sector, is actively seeking an experienced Underwriting Manager to join their established team in Durban, KwaZulu-Natal. This leadership role is essential for driving the underwriting strategy, managing a team of skilled underwriters, and ensuring the profitable growth of the company's insurance portfolio. The ideal candidate will possess a deep understanding of risk assessment, pricing strategies, and market dynamics within the insurance industry. Based in the bustling coastal city of Durban, this position offers a significant career opportunity within the KwaZulu-Natal region. You will play a key role in shaping underwriting policies and contributing to the overall success of our client's business, with a work arrangement that balances office collaboration and remote flexibility.

Key Responsibilities

• Develop and implement effective underwriting strategies aligned with company objectives and market conditions.
• Lead, mentor, and train a team of underwriters, ensuring high standards of risk selection and pricing accuracy.
• Oversee the underwriting process for various insurance products, managing risk exposure and profitability.
• Analyze market trends, competitor activities, and economic factors to inform underwriting decisions.
• Establish and maintain strong relationships with brokers and agents.
• Set performance targets for the underwriting team and monitor progress.
• Ensure compliance with underwriting guidelines, regulatory requirements, and internal controls.
• Review and approve complex or high-value risks.
• Contribute to product development and pricing reviews.

Requirements

• Bachelor's degree in Finance, Business, Risk Management, or a related field. Professional underwriting qualifications are advantageous.
• A minimum of 6 years of progressive experience in insurance underwriting, with at least 2 years in a leadership or supervisory capacity.
• Comprehensive knowledge of underwriting principles, practices, and various insurance products (e.g., commercial lines, personal lines).
• Proven ability to assess and manage risk effectively.
• Strong analytical and decision-making skills.
• Excellent leadership, communication, and interpersonal skills.
• Experience with underwriting software and data analysis tools.
• Demonstrated understanding of the KwaZulu-Natal market dynamics.

Benefits

• This role comes with a highly competitive salary package and performance-based incentives.
• Our client provides excellent benefits, including comprehensive medical coverage, a pension fund, and significant opportunities for professional growth and development within the insurance sector.
• You will enjoy a flexible hybrid work environment, balancing essential collaboration in our Durban office with the convenience of remote work.
• Become part of a respected organization in South Africa's insurance industry.