Insurance Underwriter

Job Description

We are seeking an experienced Insurance Underwriter to join our Port Elizabeth team. The successful candidate will utilize their expertise to assess risk, underwrite policies, and work collaboratively with clients and agents to provide tailored insurance solutions. This role requires attention to detail and strong analytical skills.

Responsibilities

• Review new insurance applications for validity and completeness.
• Determine appropriate coverage and premiums based on risk analysis.
• Communicate with agents and clients to clarify insurance details.
• Analyze and respond to claims in a timely manner.
• Document all underwriting processes and decisions.
• Identify potential risks and recommend mitigation strategies.
• Conduct regular reviews of existing policies to ensure relevance.
• Assist in developing underwriting policies and procedures.
• Train new staff on underwriting protocols and company standards.

Requirements

Education

• Bachelor's degree in Business Administration or related field
• Master's degree in Finance is beneficial

Experience

• 3-5 years of underwriting experience preferred

Technical Skills

• Claims Analysis
• Regulatory Knowledge

Soft Skills

• Logical Thinking
• Interpersonal Skills

Certifications

• CIC Certification (Certified Insurance Counselor)
• CRM Certification (Certified Risk Manager)

Languages

• English: Fluent

Advantageous

• Familiarity with regulatory compliance: Understanding of compliance requirements in underwriting practices.
• Strong analytical skills: Proficient in using data to drive underwriting decisions.

Benefits

• Comprehensive health benefits
• Retirement savings plan with company contribution
• Paid time off and sick leave
• Opportunities for professional development

Company Culture

• Growth Mindset: We encourage ongoing learning and professional growth for all employees.
• Community Engagement: We actively participate in community initiatives and support local businesses.
• Integrity: We uphold the highest standards of ethics in all our dealings.