About the Role
Our client, a reputable national insurer, is seeking a skilled and analytical Insurance Underwriter to join their team in East London, Eastern Cape . This role involves evaluating and assessing insurance risks, determining appropriate coverage terms, conditions, and pricing to ensure profitable underwriting. You will play a crucial role in selecting risks that align with the company's underwriting philosophy and risk appetite. The ideal candidate possesses strong analytical capabilities, a keen understanding of insurance principles, and excellent decision-making skills. This position offers a challenging and rewarding career opportunity within a dynamic sector in the Eastern Cape , operating under a hybrid work arrangement.
Key Responsibilities
Review and analyze insurance applications and associated documentation to assess risk. Determine the acceptability of risks based on underwriting guidelines and company policy. Calculate appropriate premiums and set terms and conditions for insurance policies. Communicate effectively with brokers, agents, and clients regarding underwriting decisions and requirements. Maintain up-to-date knowledge of insurance products, industry trends, and regulatory changes. Monitor the performance of assigned underwriting portfolio and identify potential issues. Collaborate with claims and sales teams to ensure a cohesive approach to risk management. Provide technical guidance and support to junior underwriters and support staff. Ensure compliance with all underwriting standards, legal requirements, and company policies. Contribute to the continuous improvement of underwriting processes and tools.
Requirements
A minimum of 3 years of experience in insurance underwriting, preferably in a relevant line of business. Solid understanding of insurance principles, risk assessment, and policy wording interpretation. Strong analytical, quantitative, and problem-solving skills. Excellent decision-making abilities and attention to detail. Effective written and verbal communication skills. Proficiency in underwriting software and standard office applications. A relevant Bachelor's degree in Finance, Economics, Business, or a related field is preferred. Ability to work efficiently in a hybrid work environment, balancing office-based tasks with remote flexibility. Familiarity with the insurance market in East London and the surrounding Eastern Cape region is a plus. Professional insurance designations (e.g., ACII) are advantageous.
Benefits
Our client offers a competitive salary and a comprehensive benefits package, including medical aid, retirement fund contributions, and potential for performance-based bonuses. Opportunities for professional development and career advancement are actively supported. This role provides a structured hybrid work arrangement, offering flexibility and a good work-life balance. Join a reputable insurance company committed to excellence and employee growth within the insurance industry.
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Insurance Underwriter employer: Placements24
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