Insurance Underwriter

Job Description

We are seeking a meticulous Insurance Underwriter to join our team in Durban. The ideal candidate will evaluate insurance applications, perform risk assessments, and make recommendations based on company policies and underwriting guidelines. Strong analytical skills and attention to detail are a must.

Responsibilities

• Review insurance applications and related documents attentively.
• Determine appropriate coverage levels and premium pricing.
• Engage with clients and agents to clarify application details.
• Ensure compliance with regulatory requirements and internal policies.
• Provide support to the sales team in underwriting-related matters.
• Utilize underwriting software to process applications efficiently.
• Monitor ongoing claims to inform future underwriting adjustments.
• Stay updated on industry trends and changes in insurance regulations.

Requirements

Education

• Bachelor's degree in Finance, Business, or related field
• Relevant certifications (e.g., Associate in Commercial Underwriting) are advantageous

Experience

• 3+ years of experience in underwriting or related fields

Technical Skills

• Risk Assessment
• Analytical Skills

Soft Skills

• Attention to Detail
• Communication

Certifications

• Insurance Institute of South Africa Certification

Languages

• English: Fluent

Advantageous

• Familiarity with industry regulations and compliance standards: Understanding of the legislative framework governing the insurance industry.
• Proficiency in underwriting software: Experience with software tools and applications used in underwriting processes.

Benefits

• Competitive salary with performance bonuses
• Health and wellness benefits including medical aid
• Retirement savings plan with company contributions
• Professional development opportunities

Company Culture

• Teamwork: We believe in fostering a collaborative environment that encourages teamwork across all departments.
• Innovation: Our culture embraces innovation and welcomes new ideas and creative solutions.
• Integrity: We conduct our business with the highest ethical standards, ensuring transparency and integrity.