Insurance Underwriter

Job Description

We are looking for a detail-oriented Insurance Underwriter to join our team in Durban. You will review applications, assess risk, and make recommendations on coverage options. Your expertise will play a vital role in maintaining our reputation for excellence in the insurance industry.

Responsibilities

• Conduct thorough assessments of insurance risks and coverage applications.
• Negotiate terms and conditions with clients and agents.
• Prepare reports on underwriting activities and performance.
• Implement strategies to improve underwriting efficiency.
• Participate in professional development and stay updated on industry trends.

Requirements

Education

• Bachelor's degree in Finance, Business Administration, or related field
• Certified Insurance Underwriter (CIU) designation is a plus

Experience

• 3-5 years of experience in underwriting or related field

Technical Skills

• Risk Assessment
• Regulatory Compliance
• Data Analysis

Soft Skills

• Analytical Thinking
• Communication
• Detail-oriented

Certifications

• Professional Risk Manager (PRM)
• Fellow of the Chartered Insurance Institute (FCII)

Languages

• English: Fluent

Advantageous

• Experience with underwriting software: Familiarity with industry-specific software used in underwriting processes.
• Knowledge of insurance market trends: Understanding of current trends in the insurance market to enhance underwriting practices.

Benefits

• Medical aid and dental cover
• Pension fund contributions
• Generous leave policies
• Professional development opportunities

Company Culture

• Team Spirit: We believe in collaboration and teamwork, creating a supportive work environment.
• Continuous Learning: Our company promotes ongoing education and development for all employees.
• Community Engagement: We actively participate in community initiatives and encourage employee involvement.