Insurance Underwriter

Job Description

As an Insurance Underwriter, you will evaluate the risks involved in insuring clients and determine appropriate premium rates. You will collaborate with agents and clients to modify coverage options and negotiate terms for coverage that suits both parties.

Responsibilities

• Conduct comprehensive risk assessments for potential clients.
• Engage with clients to gather relevant information for decision making.
• Draft and present recommendations for underwriting approval.
• Implement underwriting policies and procedures to increase efficiency.
• Monitor ongoing risk and adjust policies accordingly as clients' situations evolve.

Requirements

Education

• Bachelor's degree in Finance, Business Administration, or related field
• Professional certification in underwriting is an advantage

Experience

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

Technical Skills

• Risk Assessment
• Data Analysis

Soft Skills

• Analytical Thinking
• Communication

Certifications

• Chartered Property Casualty Underwriter (CPCU)
• Certified Insurance Counselor (CIC)

Languages

• English: Fluent

Advantageous

• Knowledge of the South African legal framework regarding insurance: Understand regulations that impact insurance legislation and practices.
• Experience with policy negotiation: Ability to effectively negotiate terms that satisfy client needs while mitigating risk.

Benefits

• Health and wellness benefits including medical aid and fitness subsidies.
• Retirement savings plan.
• Opportunity for continuous education and professional development.
• Flexible working hours and remote work options available.

Company Culture

• Team Collaboration: We promote a culture of teamwork and open communication.
• Continuous Growth: Employees are encouraged to pursue professional development and enhance their skills.
• Inclusivity: We value every diverse voice in our company and promote an inclusive atmosphere.