Insurance Underwriter

Job Description

As an Insurance Underwriter, you will play a key role in analyzing and interpreting risk information, assessing the inherent risks of new applications, and ensuring compliance with company policies. Your insights will drive our underwriting decisions and enhance our service delivery.

Responsibilities

• Assess risk factors and decide on policy issuance.
• Develop and maintain relationships with brokers and agents.
• Document underwriting decisions and rationale for approval or rejection.
• Use analytical tools to assess complex risk scenarios.
• Assist in developing underwriting guidelines and protocols.
• Review claims to understand risk exposure and improve future assessments.

Requirements

Education

• Bachelor's degree in Risk Management or Insurance
• Master's degree is an advantage

Experience

• 5 years of experience in the insurance industry, with at least 2 years in underwriting

Technical Skills

• Market Analysis
• Data Analysis

Soft Skills

• Negotiation
• Problem-solving

Certifications

• Professional Risk Manager (PRM)
• Insurance Institute of South Africa (IISA) Certification

Languages

• English: Fluent
• Zulu: Fluent

Advantageous

• Proficiency in Microsoft Excel and financial modeling tools: Ability to create and analyze financial models to support decision-making.
• Experience in customer service roles: Prior experience in customer service is advantageous for client interactions.

Benefits

• Health, dental, and vision insurance plans
• Flexible working hours and remote work options
• Annual leave and public holiday allowances
• Wellness programs and employee assistance initiatives

Company Culture

• Continuous Improvement: We are committed to continuous improvement and value feedback from our team.
• Respect and Diversity: Our diverse team is our strength, and we respect all backgrounds and perspectives.