Underwriting Specialist

Placements24; Gauteng; On-site; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Retirement plan

Generous leave

Training and development

Stable working environment

Job summary

Placements24 is seeking a detail-oriented Underwriting Specialist to join their insurance team in Tembisa, Gauteng. You will evaluate risks on insurance applications and determine terms and premiums, aligning with the company's risk appetite and profitability goals.

The role offers exposure to risk assessment, collaboration with brokers, and opportunities to deepen underwriting expertise in a stable, professional environment in Gauteng.

Qualifications

• 3–5 years of underwriting experience in insurance (short-term or long-term)
• Strong understanding of risk assessment principles and underwriting methodologies
• Excellent analytical and decision-making skills
• Proficiency in underwriting software and standard office tools
• Bachelor's degree in Finance, Business Administration or related field preferred
• Exceptional attention to detail and accuracy

Responsibilities

• Analyze insurance applications to assess risk exposure
• Determine coverage terms and premiums based on guidelines
• Communicate with brokers, agents, and clients to gather information and explain decisions
• Stay updated on industry trends, regulations, and products
• Collaborate with sales and claims to ensure customer experience and risk management
• Review and update underwriting policies and procedures as needed

Skills

Risk assessment

Analytical skills

Decision-making

Underwriting software

Office productivity tools

Education

Bachelors in Finance/Business

Tools

Underwriting software

Job description

About the Role

Our client is actively seeking a detail-oriented Underwriting Specialist to join their esteemed insurance team based in Tembisa . This role is crucial in evaluating risks associated with insurance applications and determining the terms and premiums for policies. You will play a key part in assessing financial and non-financial information to make sound underwriting decisions that align with the company's risk appetite and profitability goals. This is an excellent opportunity to deepen your expertise in risk assessment and contribute to the sustainable growth of the business in the Gauteng region.

Key Responsibilities

• Analyze insurance applications, including financial statements, medical records, and other relevant data, to assess risk exposure.
• Determine appropriate coverage levels, terms, conditions, and premium rates based on underwriting guidelines.
• Communicate effectively with brokers, agents, and clients to gather necessary information and explain underwriting decisions.
• Maintain up-to-date knowledge of industry trends, regulations, and competitive products.
• Collaborate with the sales and claims departments to ensure seamless customer experience and effective risk management.
• Review and update underwriting policies and procedures as needed.

Requirements

• A minimum of 3-5 years of experience in insurance underwriting, preferably in the short-term or long-term insurance field.
• Strong understanding of risk assessment principles and underwriting methodologies.
• Excellent analytical and decision-making skills.
• Proficiency in using underwriting software and standard office productivity tools.
• Bachelor's degree in Finance, Business Administration, or a related discipline is preferred.
• Exceptional attention to detail and commitment to accuracy.

Benefits

• Competitive annual salary and potential for annual bonuses.
• Comprehensive health insurance coverage and retirement planning options.
• Generous leave allocation and paid sick leave.
• Training and development programs to enhance underwriting skills.
• A stable and professional working environment in Tembisa .