Insurance Underwriter

Job Description

Join our team as an Insurance Underwriter in Pretoria, where you will assess and evaluate insurance applications, determining best practices to mitigate risks. Successful candidates will exhibit strong analytical skills and a keen eye for detail, contributing to our mission of providing exceptional insurance solutions.

Responsibilities

• Evaluate insurance applications and assess risk factors.
• Analyze client data and historical trends to develop accurate underwriting decisions.
• Communicate with clients to gather necessary information for the underwriting process.
• Monitor and update risk assessment policies according to regulatory guidelines.
• Collaborate with the sales team to assist in closing sales effectively.
• Prepare and review underwriting reports detailing risk assessments.
• Maintain records of underwriting documents and client communications.
• Propose underwriting adjustments and provide recommendations based on research analysis.

Requirements

Education

• Bachelor's degree in Actuarial Science, Business, or Economics
• Professional underwriting certifications are a plus

Experience

• 3-5 years of experience specific to insurance underwriting

Technical Skills

• Insurance Law Knowledge
• Financial Modelling

Soft Skills

• Negotiation Skills
• Analytical Thinking

Certifications

• Associate in Risk Management (ARM)
• Insurance Institute of South Africa (IISA) certification

Languages

• English: Fluent

Advantageous

• Experience with underwriting software tools: Familiarity with industry-standard underwriting software packages.
• Knowledge of emerging risks: Ability to identify new and emerging risks in the insurance sector.

Benefits

• Comprehensive health insurance plans
• Retirement savings plans with employer match
• Flexible work schedules
• Performance bonuses and incentives

Company Culture

• Team Collaboration: We thrive on teamwork and believe that collaboration leads to innovation.
• Continuous Improvement: We support ongoing professional development and encourage learning among employees.
• Client-Centric Focus: Our clients are at the heart of everything we do, guiding our decisions and policies.