Insurance Underwriter

Job Description

We are looking for an Insurance Underwriter to join our team in East London. The successful candidate will be responsible for evaluating insurance applications, assessing risks, and determining appropriate coverage options and premiums. This is an excellent opportunity for a detail-oriented individual who is passionate about the insurance industry.

Responsibilities

• Conduct detailed risk assessments for various insurance applications.
• Determine suitability of coverage based on client needs.
• Negotiate terms and conditions with stakeholders when necessary.
• Implement underwriting guidelines to maintain quality standards.
• Document and justify underwriting decisions for internal reviews.
• Engage in continuous learning to adapt to industry changes.
• Build and maintain relationships with agents and clients.
• Foster collaboration between underwriting and claims departments.
• Evaluate and update risk profiles for existing policies.
• Assist in developing training materials for junior underwriters.

Requirements

Education

• Bachelor's degree in Insurance, Finance, or related field
• Professional qualifications in underwriting are advantageous

Experience

• At least 4 years of underwriting experience preferred

Technical Skills

• Policy Analysis
• Data Interpretation

Soft Skills

• Negotiation
• Problem Solving

Certifications

• Fellow, Life Management Institute (FLMI)
• Insurance Institute of South Africa (IISA) certification

Languages

• English: Fluent

Advantageous

• Bilingual proficiency: Fluency in both English and Afrikaans is a plus.
• Experience in commercial lines: Prior experience in commercial insurance underwriting.

Benefits

• Comprehensive health and dental coverage
• Annual leave and sick leave
• Training and development programs
• Flexible working conditions

Company Culture

• Innovation: We encourage innovative thinking and solutions to meet client needs.
• Inclusivity: We value diversity and inclusivity, welcoming employees from all backgrounds.
• Community Engagement: We actively participate in community initiatives and philanthropic efforts.