Insurance Underwriter

Job Description

Join our team in Durban as an Insurance Underwriter! In this role, you will evaluate insurance applications, analyze risks, and make informed decisions on coverage. Our ideal candidate is detail-oriented, possesses excellent judgment, and has a passion for the insurance industry. You will also collaborate with agents and clients to provide exceptional service and perform risk assessments to protect our company’s interests.

Responsibilities

• Review and evaluate insurance submissions to determine acceptability.
• Develop and maintain underwriting guidelines and criteria.
• Communicate effectively with internal stakeholders about underwriting processes.
• Provide input into product development from an underwriting perspective.
• Participate in establishing business goals related to underwriting performance.
• Monitor underwriting results and recommend adjustments as necessary.
• Conduct risk reviews for existing policies and recommend adjustments.
• Engage in negotiations with brokers and clients to close deals.
• Facilitate training sessions to ensure team cohesion and knowledge sharing.
• Assess reinsurance needs and negotiate terms with reinsurers.

Requirements

Education

• Bachelor's degree in Risk Management or related field
• Master's degree in Business or Finance is advantageous

Experience

• 3-5 years of underwriting experience in the insurance industry

Technical Skills

• Underwriting Guidelines Expertise
• Data Analysis

Soft Skills

• Analytical Thinking
• Persuasion

Certifications

• Fellow, Life Management Institute (FLMI)
• Associate in Commercial Underwriting (ACU)

Languages

• English: Fluent

Advantageous

• Familiarity with regulatory compliance standards.: Understanding of the regulatory landscape affecting the insurance industry.
• Experience in a customer-facing role.: Background in direct interaction with clients or agents to enhance service delivery.

Benefits

• Health and wellness programs.
• Flexible work hours.
• Continuous professional development opportunities.
• Work-life balance policies.

Company Culture

• Respectful Communication: Open communication is encouraged, ensuring all voices are heard.
• Continuous Improvement: We prioritize continuous learning and development for our workforce.
• Client-Centric Approach: We place our clients at the center of everything we do.