Insurance Underwriter

Job Description

We are seeking a detail-oriented Insurance Underwriter to join our growing team in Port Elizabeth. The ideal candidate will assess insurance applications and determine coverage limits, as well as evaluate risks and make informed decisions on policy issuance.

Responsibilities

• Review applications for accuracy and completeness.
• Calculate risks and appropriate premiums based on industry standards.
• Negotiate policy terms and conditions with clients and brokers.
• Maintain accurate documentation of all underwriting activities.
• Provide recommendations for risk mitigation to applicants.
• Conduct market research to stay competitive in pricing.
• Collaborate with claims department to manage outstanding issues.
• Attend industry workshops and training to enhance underwriting skills.

Requirements

Education

• Bachelor's degree in Risk Management, Finance or related field
• Postgraduate qualification preferred

Experience

• 5+ years of experience in underwriting, preferably in a specific sector

Technical Skills

• Data Analysis
• Legal Compliance

Soft Skills

• Negotiation Skills
• Team Leadership

Certifications

• Fellowship in the Society of Actuaries (FSA)
• Chartered Insurance Professional (CIP)

Languages

• English: Fluent

Advantageous

• Bilingual proficiency: Ability to converse in Afrikaans or another South African language.
• Project Management Skills: Experience in managing projects related to underwriting processes.

Benefits

• Attractive salary package with additional bonuses
• Comprehensive health insurance plans
• Retirement benefits with matching contributions
• Work-life balance initiatives

Company Culture

• Innovation: We embrace innovative ideas to enhance our services and efficiency.
• Community Engagement: We are committed to supporting our local communities through various initiatives.
• Work-Life Balance: We prioritize our employees' well-being and promote a healthy work-life balance.