Insurance Underwriter

Job Description

As an Insurance Underwriter at Insurance Solutions Ltd., you will assess risk and determine the appropriate premiums for insurance policies. The ideal candidate should possess a keen analytical mind, an understanding of underwriting processes, and excellent communication skills to liaise with clients effectively.

Responsibilities

• Conduct thorough reviews of risk assessments and underwriting criteria.
• Collaborate with legal and compliance teams to ensure adherence to regulations.
• Handle complex underwriting cases requiring special attention.
• Monitor portfolio performance and mitigate potential losses.
• Engage in continuous professional development to enhance underwriting skills.
• Assist in the development of new insurance products and features.
• Support claims management by providing underwriting insights.

Requirements

Education

• Bachelor's degree in Actuarial Science, Business Management, or relevant field
• Relevant certifications in underwriting or risk assessment is a plus

Experience

• 5+ years of experience in underwriting or risk management

Technical Skills

• Data Analysis
• Financial Modelling

Soft Skills

• Teamwork
• Negotiation

Certifications

• Fellow of the Insurance Institute of South Africa (FIISA)
• Certified Insurance Counselor (CIC)

Languages

• English: Fluent
• Zulu: Conversational

Advantageous

• Experience with statistical analysis tools: Proficient in using software tools for statistical analysis in underwriting.
• Background in customer relations management: Experience in managing customer relations to enhance service delivery.

Benefits

• Comprehensive health insurance
• Performance-related bonuses
• Education reimbursement
• Work-life balance initiatives
• Wellness resources and support

Company Culture

• Open Communication: We maintain an open-door policy and encourage feedback from all employees.
• Continuous Growth: We invest in our team’s development through training and mentorship programs.
• Community Engagement: We actively engage in community initiatives and promote corporate social responsibility.