Insurance Underwriter

Job Description

Passionate about risk assessment? Looking for a new challenge? As an Insurance Underwriter in Durban, your role will involve reviewing insurance applications and determining the best policy terms for our clients while mitigating the company's risk.

Responsibilities

• Assess policy applications for coverage by analyzing financial data.
• Communicate with clients to gather additional information as needed.
• Determine appropriate underwriting guidelines for various insurance products.
• Evaluate data from applicants to gauge risk associated with policies.
• Assist in the training of new underwriters and team members.
• Update computer systems with pertinent underwriting information.
• Review claims and adjust coverage as necessary.
• Provide insights to the claims department for risk assessment.
• Work on special projects related to underwriting practices.
• Ensure compliance with regulatory requirements and company policies.

Requirements

Education

• Bachelor’s degree in Business Administration or Economics
• Master's degree in a related field is advantageous

Experience

• 5+ years of underwriting experience or relevant financial analysis

Technical Skills

• Financial Analysis
• Insurance Regulations

Soft Skills

• Negotiation
• Teamwork

Certifications

• Certified Insurance Counselor (CIC)
• Risk Management and Insurance Certificate

Languages

• English: Fluent

Advantageous

• Experience in the insurance industry: Solid background in various insurance products and policy types.
• Knowledge of market trends: Understanding of current market dynamics affecting insurance rates.

Benefits

• Comprehensive health insurance
• Retirement savings plan with matching contributions
• Discounts on insurance products
• Opportunities for professional development

Company Culture

• Innovation: We embrace innovative solutions to enhance our underwriting processes.
• Diversity: We value diversity in our workforce and encourage unique perspectives.
• Work-Life Balance: We strive for a balance between work responsibilities and personal life.