Insurance Underwriter

Job Description

Join our reputable insurance firm as an Insurance Underwriter in Durban. You will be responsible for evaluating insurance applications, determining coverage options, and ensuring compliance with all regulatory standards. The role requires a keen eye for detail and exceptional analytical skills to effectively assess risks.

Responsibilities

• Conduct thorough risk assessments for new and existing insurance applications.
• Determine appropriate policy terms and conditions to minimize risk.
• Communicate with clients to gather necessary information for underwriting.
• Review and analyze claims history and other relevant data.
• Ensure compliance with company policies and regulatory requirements.
• Keep accurate records of underwriting decisions and client communications.
• Assist in training junior underwriters on best practices.

Requirements

Education

• Bachelor's degree in Finance, Business Administration, or related field

Experience

• 2+ years of experience in underwriting or related financial services

Technical Skills

• Risk Assessment
• Analytical Skills
• Regulatory Compliance

Soft Skills

• Attention to Detail
• Communication Skills

Languages

• English: Fluent

Advantageous

• Familiarity with underwriting software: Experience using underwriting management systems for decision making.
• Knowledge of industry trends: Staying updated on current trends in insurance and market conditions.

Benefits

• Competitive salary with performance bonuses
• Health and wellness benefits including medical aid
• Retirement savings plan with employer contribution
• Training and development opportunities
• Work-life balance with flexible hours

Company Culture

• Team Collaboration: We promote a culture of teamwork and collaboration across departments.
• Continuous Improvement: We believe in the continuous improvement of our processes and services.
• Diversity and Inclusion: Our workplace is built on respect for diversity and inclusion, welcoming all backgrounds.