Insurance Underwriter

Job Description

Join our team as an Insurance Underwriter in Cape Town! The ideal candidate will have a flair for assessing risk and making sound underwriting decisions. This role is perfect for those who enjoy analytical challenges and wish to contribute to a key aspect of the insurance business.

Responsibilities

• Assess applicants' financial health to determine insurability.
• Use software tools to analyse data and generate underwriting reports.
• Collaborate with claims department to evaluate historical claims data.
• Develop strong relationships with clients and agents for better service.
• Participate in underwriting committees to share best practices.
• Create and improve underwriting support documentation.

Requirements

Education

• Higher Diploma in Insurance or Business
• Bachelor’s degree in Actuarial Science will be beneficial

Experience

• 5+ years of experience in insurance underwriting

Technical Skills

• Statistical Analysis
• Financial Analysis

Soft Skills

• Critical Thinking
• Negotiation Skills

Certifications

• Fellowship of the Chartered Insurance Institute (FCII)
• Underwriting Certificate

Languages

• English: Fluent

Advantageous

• Knowledge of Regulatory Standards: Familiarity with local regulatory requirements and standards.
• Experience with Digital Underwriting Tools: Hands-on experience using digital tools for underwriting processes.

Benefits

• Health insurance coverage and wellness benefits
• Retirement savings plan with employer contribution
• Work-life balance with flexible hours and remote work options
• Ongoing professional development opportunities

Company Culture

• Continuous Improvement: We are committed to continuous improvement and innovation in our services.
• Employee Empowerment: Employees are empowered to make decisions and contribute to the company’s success.
• Community Engagement: We actively participate in community initiatives and support local causes.