Insurance Underwriter

Job Description

As an Insurance Underwriter in Durban, you will play a crucial role in evaluating risks and determining appropriate insurance coverage. Ideal candidates will demonstrate strong analytical abilities and proficiency in underwriting principles to support our growing client base.

Responsibilities

• Evaluate and process insurance applications by gathering necessary information.
• Determine appropriate risk assessment procedures for different cases.
• Collaborate with brokers and agents to enhance client satisfaction.
• Analyze risk factors and underwrite policies accordingly.
• Prepare reports and recommendations for management reviews.
• Conduct market research to adjust company underwriting strategies.
• Identify and mitigate potential exposure risks.
• Maintain current knowledge of product offerings and developments in the industry.
• Customer service excellence to address client inquiries.
• Ensure compliance with legal and regulatory requirements.

Requirements

Education

• Bachelor's degree in Finance, Business, or related field
• Insurance qualification (e.g., FAIS compliance) is preferred

Experience

• 3+ years of experience in underwriting or a related field

Technical Skills

• Risk Assessment
• Underwriting Software

Soft Skills

• Analytical Skills
• Communication Skills

Certifications

• Chartered Insurance Institute (CII) certification

Languages

• English: Fluent

Advantageous

• Experience in Specialty Lines Underwriting: Knowledge of unique and niche insurance products.
• Proficiency in Data Analysis Tools: Familiarity with analytical tools for data-driven decision making.

Benefits

• Competitive salary package with performance bonuses.
• Comprehensive health insurance and retirement plans.
• Generous leave policy and work-life balance.
• Professional development opportunities.

Company Culture

• Team-Oriented: We believe in collaboration and the power of a united team.
• Innovation Driven: We promote creativity and innovative solutions within our processes.
• Continuous Improvement: We are committed to investing in our employees’ growth and skills enhancement.