Insurance Underwriter

Job Description

We are looking for a meticulous Insurance Underwriter to join our team in Cape Town. The ideal candidate will be responsible for evaluating insurance applications, assessing risk, and deciding the appropriate coverage. You will play a key role in determining policy terms and pricing while ensuring compliance with regulations.

Responsibilities

• Review insurance applications and conduct thorough risk assessments.
• Determine coverage amounts and premiums based on analysis.
• Collaborate closely with the sales team to achieve business goals.
• Develop tailored insurance solutions for diverse client needs.
• Monitor and adjust underwriting criteria as market conditions change.
• Ensure that all underwriting practices adhere to compliance standards.
• Lead training sessions for staff on underwriting methodologies.
• Provide insight into market trends to help develop new products.
• Participate in industry conferences to build professional knowledge.

Requirements

Education

• Bachelor's degree in Insurance, Risk Management, or related field
• Master's degree preferred

Experience

• 5+ years of experience in underwriting within the insurance sector

Technical Skills

• Policy Development
• Claims Management

Soft Skills

• Interpersonal Skills
• Forecasting Skills

Certifications

• Fellow of the Chartered Insurance Institute (FCII)

Languages

• English: Fluent

Advantageous

• Proficiency in Microsoft Excel and data analysis tools: Strong skills in Excel and other analytical software to manage data efficiently.
• Familiarity with client relationship management software: Experience using CRM tools to manage client interactions.

Benefits

• Attractive salary package with annual bonuses
• Full medical and dental benefits
• Frequent training and development opportunities
• Work-life balance initiatives

Company Culture

• Innovation-Driven: Encouraging creativity and innovative thinking to solve problems.
• Employee Wellbeing: Committed to the wellbeing of our team, offering support and resources for mental health.
• Open Communication: We foster a culture of open communication to ensure all voices are heard.