Underwriting Manager - Marine & Cargo Insurance

Placements24; Durban; Hybride; ZAR 1 800 000 - 3 200 000; Plein temps

Avantages offerts par ce poste

Executive salary and bonus structure

Health insurance

Retirement benefits

Generous leave package

Relocation assistance

Career advancement opportunities

Global exposure

Résumé du poste

Placements24 represents a prominent global insurer recruiting a seasoned Underwriting Manager to lead the Marine & Cargo division in Durban. The role demands strategic oversight, risk assessment acumen, and proven leadership to drive profitable growth in a dynamic market.

The position focuses on developing underwriting strategies, guiding a team of underwriters, and building relationships with brokers and clients while staying aligned with regulatory requirements and industry standards.

Qualifications

• Bachelor's degree in Business, Finance, Maritime Studies or related field.
• Master's degree or ACII/FCII preferred.
• Minimum 7 years underwriting experience with at least 3 years in a management role in Marine & Cargo insurance.
• Strong knowledge of international marine insurance markets, BIMCO and Institute Cargo Clauses.
• Proven track record in underwriting and portfolio management.

Responsabilités

• Develop and implement underwriting strategies for Marine & Cargo portfolio.
• Lead, mentor, and manage a team of underwriters.
• Underwrite complex marine and cargo risk and ensure adherence to risk appetite.
• Analyze market trends, regulatory changes, and competitive landscape.
• Monitor profitability and performance, take corrective actions when needed.
• Build relationships with brokers, agents, and key clients.

Connaissances

Leadership

Underwriting

Portfolio management

Analytical skills

Negotiation

Communication

Willingness to travel

Formation

Bachelor's degree in Business/Finance/Maritime Studies

Master's degree or professional qualification (ACII/FCII)

Description du poste

About the Role

Our client, a prominent global insurer with a strong presence in Durban , is looking for a highly skilled and strategic Underwriting Manager to lead their Marine & Cargo insurance division. This senior role requires extensive expertise in marine insurance markets, risk assessment, and portfolio management. You will be responsible for developing and executing underwriting strategies, managing a team of underwriters, and ensuring the profitable growth of the marine and cargo book of business. This is an excellent opportunity for an experienced leader to make a significant impact within a dynamic and expanding market. The position is based in our client's bustling Durban, KwaZulu-Natal office, a key hub for international trade.

Key Responsibilities

• Develop and implement underwriting strategies and guidelines for the Marine & Cargo insurance portfolio.


• Lead, mentor, and manage a team of marine and cargo underwriters, fostering high performance and professional development.


• Underwrite complex and large-risk marine and cargo insurance applications, ensuring adherence to company guidelines and risk appetite.


• Analyze market trends, competitor activities, and regulatory changes impacting the marine insurance sector.


• Monitor and manage the profitability and performance of the underwriting portfolio, taking corrective actions as needed.


• Build and maintain strong relationships with brokers, agents, and key clients in the marine industry.


• Collaborate with the claims department to ensure efficient and effective claims handling for marine policies.


• Contribute to product development and innovation within the marine and cargo insurance space.


• Represent the company at industry events and forums.

Requirements

• A Bachelor's degree in Business, Finance, Maritime Studies, or a related field.


• A Master's degree or relevant professional qualification (e.g., ACII, FCII) is highly preferred.


• A minimum of 7 years of progressive underwriting experience, with at least 3 years in a management or leadership capacity within Marine and Cargo insurance.


• Proven track record of successful underwriting and portfolio management in the marine insurance sector.


• Deep understanding of international marine insurance markets, legal frameworks (e.g., BIMCO, Institute Cargo Clauses), and risk assessment techniques.


• Strong leadership, team management, and decision‑making skills.


• Excellent analytical, negotiation, and communication abilities.


• Knowledge of the South African maritime and logistics industry is a significant advantage.


• Ability to travel occasionally for client meetings and industry conferences.

Benefits

• Highly competitive executive salary and performance-based bonus structure.


• Comprehensive health insurance and retirement benefits.


• Generous leave package and flexible working hours.


• Significant opportunities for career advancement within a global organization.


• Exposure to complex international risks and markets.


• Prime office location in Durban with modern facilities.


• Relocation assistance may be considered for exceptional candidates.