Insurance Underwriter

Job Description

We are on the lookout for a skilled Insurance Underwriter to join our office in Port Elizabeth. This role requires extensive experience in underwriting, excellent analytical skills, and the ability to make sound decisions based on risk assessments. You’ll be at the forefront of providing tailored insurance solutions for our clients.

Responsibilities

• Undertake detailed underwriting assessments based on statistical data.
• Maintain accurate records of all underwriting decisions.
• Support claims assessment processes by providing underwriting insights.
• Analyze trends in claims and underwriting performance.
• Prepare presentations for management on underwriting trends and forecasts.
• Collaborate with risk management teams to identify potential risks.
• Implement enhancements to underwriting processes for efficiency.
• Respond to queries from clients and provide resolution.
• Participate in community outreach to promote insurance awareness.
• Conduct market research to inform underwriting strategy.

Requirements

Education

• Bachelor's degree in Insurance, Risk Management, or Finance
• Professional Insurance designation (e.g., CII) is preferred

Experience

• 3-5 years of experience in underwriting or related areas

Technical Skills

• Underwriting Software Proficiency
• Regulatory Knowledge

Soft Skills

• Negotiation
• Teamwork

Certifications

• Fellowship in the Institute of Risk Management (FIRM)

Languages

• English: Fluent

Advantageous

• Knowledge of Claims Management: Experience in assessing and managing insurance claims.
• Advanced Statistical Analysis Skills: Strong background in statistical analysis to support underwriting decisions.

Benefits

• Health insurance including family coverage
• Retirement funding options
• Regular performance bonuses
• Professional development workshops

Company Culture

• Innovation Focus: Promoting a culture of innovation and proactive problem-solving.
• Employee Recognition: Recognizing and celebrating team and individual accomplishments regularly.
• Work-Life Balance: Supporting work-life balance through flexible policies and schedules.