Insurance Underwriter

Job Description

We are seeking a meticulous Insurance Underwriter to join our dynamic team in Cape Town. The ideal candidate will have a strong analytical mindset and will be responsible for evaluating and analyzing insurance applications to determine risk and appropriate premiums. Join us if you're ready to make a difference in the insurance landscape!

Responsibilities

• Evaluate insurance applications and determine risk levels.
• Set appropriate premiums based on thorough risk assessment.
• Review and analyze financial information and documentation.
• Consult with brokers and clients for clarification and data gathering.
• Stay updated with industry trends and regulatory changes.
• Prepare reports on underwriting decisions and processes.
• Collaborate with claims and sales teams to support policyholders.
• Provide recommendations for policy terms and conditions.
• Participate in training programs to improve knowledge of products and systems.

Requirements

Education

• Bachelor's degree in Finance, Business, or related field
• Professional underwriting certification is a plus.

Experience

• 2-5 years of experience in underwriting or similar roles

Technical Skills

• Risk assessment
• Analytical thinking

Soft Skills

• Communication
• Attention to detail

Certifications

• CPCU (Chartered Property Casualty Underwriter)

Languages

• English: Fluent

Advantageous

• Proficiency in underwriting software packages: Experience with software such as Guidewire or similar tools.
• Knowledge of regulatory requirements: Understanding insurance regulations within the South African market.

Benefits

• Competitive salary package with performance bonuses
• Medical, dental, and retirement benefits
• Professional development and training opportunities
• Flexible work arrangements

Company Culture

• Teamwork: We thrive on collaboration and team-based success as part of our culture.
• Professional Growth: Our employees are our greatest asset, and we promote continuous learning and growth.
• Integrity: Honesty and transparency are fundamental to our operations and interactions.