Real Estate jobs in South Africa

Our client is seeking a skilled Commercial Underwriter to join their team. The ideal candidate will be responsible for:

1. Risk Assessment and Analysis:
   • Analyzing data related to commercial risks across property, liability, motor, engineering, and other short-term insurance lines.
   • Reviewing applications, inspection reports, and financial statements to evaluate risk levels.
   • Assessing external factors such as economic trends, regulatory changes, and claims history that influence risk.
2. Underwriting Decisions:
   • Deciding on acceptance or rejection of insurance applications.
   • Setting appropriate terms, coverage limits, premiums, and policy conditions.
   • Negotiating terms with brokers and clients within delegated authority.
3. Portfolio Management:
   • Managing a portfolio of insurance policies, monitoring performance and profitability.
   • Reviewing the portfolio regularly for adverse trends and implementing corrective actions.
   • Renewing policies and adjusting terms based on updated risk assessments.
4. Broker and Client Relationship Management:
   • Building and maintaining relationships with brokers, agents, and clients.
   • Providing expert advice on insurance solutions, policy wording, and claims processes.
   • Ensuring high levels of satisfaction through professional and responsive service.
   • Conducting visits to clients and brokers as necessary.
5. Compliance and Documentation:
   • Ensuring all underwriting activities adhere to company policies and regulatory requirements.
   • Documenting decisions, communications, and policy details accurately.
   • Participating in audits as required.
6. Product Development and Innovation:
   • Providing insights for developing and refining insurance products.
   • Staying updated on emerging risks, technologies, and market trends.
   • Engaging in product launches and training sessions.
7. Claims Collaboration:
   • Collaborating with the claims department to analyze loss trends and improve underwriting guidelines.
   • Assisting in complex claim investigations when underwriting input is needed.

Formal education and experience requirements include:

1. Matric
2. Commercial Lines Class of Business
3. Regulatory Exam Level 1
4. NQF 5 in Short-Term Insurance
5. At least five years of relevant commercial underwriting experience