Underwriting Manager - Insurance

Placements24; George; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Bonus potential

Medical aid

Life insurance

Retirement fund

Career progression

Leadership development

Job summary

Placements24 in George is seeking an Underwriting Manager to lead the underwriting team, developing strategies to ensure profitable growth and risk mitigation. The role focuses on overseeing risk assessment, policy development, and collaboration with sales, claims, and leadership to drive excellence.

The ideal candidate brings 7+ years in underwriting with 3+ years in management, deep knowledge of SA insurance products, and ACII/FLMI qualifications.

Qualifications

• Minimum 7 years in insurance underwriting with at least 3 years in a management/supervisory role.
• Deep knowledge of insurance products and risk assessment techniques.
• Proven ability to lead and motivate a team to meet targets.
• Strong analytical, decision-making, and strategic planning skills.
• ACII/FLMI qualifications are highly preferred.
• Experience in the South African insurance market and local regulations.

Responsibilities

• Develop and implement underwriting policies to manage risk.
• Lead, mentor, and manage a team of underwriters.
• Review and approve complex/high-value applications ensuring risk alignment.
• Analyze market trends, regulatory changes and impact on underwriting.
• Collaborate with sales to support business development while maintaining underwriting integrity.
• Monitor portfolio performance and identify optimization opportunities in pricing and risk selection.

Skills

Leadership

Risk assessment

Actuarial principles

Strategic planning

Analytical thinking

Insurance products

ACII/FLMI preferred

Education

ACII/FLMI qualification

Job description

About the Role

Our client is seeking a highly skilled and strategic Underwriting Manager to lead their underwriting team in George . This leadership position is critical in developing and implementing effective underwriting strategies to ensure profitable growth and risk mitigation. You will be responsible for overseeing the assessment of insurance applications, managing a team of underwriters, and collaborating with sales and claims departments. The successful candidate will bring extensive experience in risk assessment, a proven track record in managing underwriting operations, and a commitment to fostering a culture of excellence and continuous improvement within the George branch.

Key Responsibilities

• Develop and execute underwriting policies and guidelines to manage risk effectively.
• Lead, mentor, and manage a team of underwriters, fostering their professional development and performance.
• Review and approve complex or high-value insurance applications, ensuring adherence to risk appetite.
• Analyze market trends, competitor activities, and regulatory changes impacting underwriting.
• Collaborate with sales teams to support business development objectives while maintaining underwriting integrity.
• Monitor portfolio performance, identifying areas for improvement in pricing, risk selection, and profitability.

Requirements

• Minimum of 7 years of experience in insurance underwriting, with at least 3 years in a management or supervisory role.
• In-depth knowledge of various insurance products, risk assessment techniques, and actuarial principles.
• Proven ability to lead and motivate a team to achieve performance targets.
• Strong analytical, decision-making, and strategic planning skills.
• Relevant professional qualifications (e.g., ACII, FLMI) are highly preferred.
• Experience working within the South African insurance market and understanding of local regulations.

Benefits

• Attractive base salary coupled with a generous bonus structure based on team and company performance.
• Comprehensive medical aid, life insurance, and retirement fund benefits.
• Significant opportunities for career progression and leadership development.
• Exposure to diverse insurance portfolios and strategic decision-making processes.
• A stable and reputable organization within the George community.