Underwriting Specialist

firstrand; Johannesburg; On-site; ZAR 600,000 - 850,000; Full time

Job summary

Join a leading company as an Underwriting Specialist where you will lead and manage a team of underwriters, ensuring adherence to underwriting guidelines and compliance with regulatory standards. This role involves assessing complex cases, mentoring junior underwriters, and collaborating in a dynamic team environment aimed at innovation.

Benefits

Opportunities to network and collaborate

A progressive and agile working environment

End-to-end ownership on innovations

Qualifications

• Minimum of 5 years senior underwriting experience.
• Experience in medical underwriting.
• Re-insurance experience is advantageous.

Responsibilities

• Assess medical, financial, and occupational underwriting risks.
• Create and review business practice guidelines for underwriting.
• Conduct quality assurance reviews for in-force policies.

Skills

Medical underwriting

Risk assessment

Team leadership

Job description

Time left to apply: End Date: June 30, 2025 (3 days left to apply)

Job Description

To lead and manage a team of underwriters, implementing the Company’s underwriting guidelines, protocols, policies, principles, and controls, and ensure consistent adherence thereof.

To oversee the life underwriting function and process, ensuring accurate risk assessment and compliance with regulatory standards.

Position Overview

Hello Future, Underwriting Specialist,

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of the people who make it happen.

As part of our team in FR Life Assurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Key Responsibilities

• Assess the medical, financial, and occupational underwriting risk of the organization
• Create business practice guidelines and review underwriting philosophies and standards
• Provide onboarding training, mentoring, and coaching for junior and intermediate underwriters
• Support advisory and call center teams with training
• Conduct quality assurance reviews for in-force policies and limit reviews for underwriters
• Assess complex and commercial cases
• Create, review, test, and maintain medical underwriting rules and questions
• Manage relationships with re-insurance treaty partners
• Implement re-insurer guidelines and requirements
• Review and ratify underwriting business processes with the executive team and contribute to product development
• Provide retrospective underwriting decisions at claims stage

Candidate Profile

• Minimum of 5 years senior underwriting experience
• Medical underwriting experience
• Re-insurance experience is advantageous

What We Offer

• Opportunities to network and collaborate
• A progressive and agile working environment
• Opportunities to innovate with end-to-end ownership

Ideal Candidate Traits

• Adaptable and curious
• Proven successful track record
• Thrives in a collaborative environment

Application Details

Apply now if you are interested in taking the next step. We look forward to engaging with you!

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. Candidates can disclose disability information voluntarily, which will be kept confidential unless required by law.

Job Details

Note: Applications will not be accepted after June 30, 2025. Please submit your application before the deadline.

Introduce Yourself

Introduce yourself to our recruiters; we will contact you if there's a suitable role.

For queries, please log via MyQ.

About Us

FNB serves retail and commercial customers with a range of banking, insurance, and digital solutions. Recognized globally, FNB offers a rewarding career environment for those passionate about making a difference.