Insurance Underwriter

Job Description

Join our team as an Insurance Underwriter in Cape Town, where you will play a crucial role in assessing and managing risk for our diverse clientele. The ideal candidate will be responsible for evaluating insurance applications, determining coverage amounts, and ensuring compliance with industry regulations. With your analytical skills and attention to detail, you'll help us make informed underwriting decisions that influence our business outcomes.

Responsibilities

• Review new and renewal applications to determine eligibility for coverage.
• Identify additional coverage needs and recommend policy adjustments as necessary.
• Develop and maintain effective relationships with agents and clients.
• Analyze claims data to refine underwriting standards and practices.
• Check for compliance with legal and regulatory requirements before issuing policies.
• Provide guidance on risk exposure and pricing for new products.
• Document underwriting rationale for decisions made within the policy.

Requirements

Education

• Bachelor's degree in Risk Management or a related field
• Advanced degree in Insurance or Finance is a plus

Experience

• 2-4 years of experience in insurance underwriting or risk analysis

Technical Skills

• Financial Analysis
• Underwriting Software Proficiency

Soft Skills

• Teamwork
• Time Management

Certifications

• Risk Management Certification
• Insurance Institute of South Africa Certification

Languages

• English: Fluent
• Xhosa: Basic

Advantageous

• Advanced Excel skills: Proficient in Excel for data analysis and reporting.
• Project Management experience: Capability to manage projects related to underwriting processes.

Benefits

• Comprehensive healthcare coverage
• Company-sponsored retirement savings plan
• Training and mentorship programs
• Work/life balance initiatives

Company Culture

• Innovation: We emphasize innovative approaches to problems and adapt quickly to market needs.
• Transparency: Open communication is at the core of our operations, fostering trust and clarity.
• Community Participation: We believe in giving back to the community and encourage employees to engage in social initiatives.