Underwriter

Job Description

As an Underwriter at Insurance Solutions Co., you will evaluate customer applications to determine insurance risks and pricing. This role plays a vital part in our mission to provide tailored insurance solutions to our clients in Durban and beyond.

Responsibilities

• Conduct thorough assessments of insurance applications to mitigate risk exposure.
• Provide underwriting recommendations based on analysis of applicant data.
• Collaborate with the claims department to resolve policy-related issues.
• Review insurance market trends and adjust underwriting strategies as needed.
• Maintain comprehensive records of underwriting decisions and rationale.
• Support the development of new insurance products and services.
• Assist in training junior underwriters on best practices and compliance.
• Engage in continuous professional development to enhance underwriting skills.

Requirements

Education

• Bachelor's degree in Finance, Business, or related field
• Underwriting certifications preferred

Experience

• Minimum of 3 years experience in underwriting or risk assessment.

Technical Skills

• Analytical Skills
• Attention to Detail
• Insurance Software Proficiency

Soft Skills

• Communication
• Problem-solving

Certifications

• CPCU (Chartered Property Casualty Underwriter)
• AU (Associate in Commercial Underwriting)

Languages

• English: Fluent
• Afrikaans: Conversational

Advantageous

• Experience with underwriting software: Familiarity with industry tools like EQECAT or ISO.
• Knowledge of South African insurance regulations: Understanding local laws affecting insurance underwriting.

Benefits

• Medical aid scheme and wellness benefits
• Retirement fund with employer contributions
• Opportunities for professional development
• Flexible working hours

Company Culture

• Customer-Centric Approach: We focus on understanding and serving our clients’ needs always.
• Integrity: We maintain high ethical standards in our business practices.
• Inclusive Environment: We foster a workplace where diversity and equal opportunity are celebrated.