Insurance Underwriter

Job Description

We are seeking an experienced Insurance Underwriter to join our Cape Town team. The ideal candidate will have a strong background in assessing risks and ensuring compliance within the insurance landscape. You will play a pivotal role in evaluating policy applications and providing outstanding recommendations based on data-driven analysis.

Responsibilities

• Assess and analyze risk to write insurance policies tailored to individual client needs.
• Communicate underwriting decisions effectively by preparing comprehensive reports.
• Participate in team meetings to discuss underwriting practices and share insights.
• Utilize software programs to assess risk and maintain underwriting records.
• Oversee the implementation of new underwriting initiatives and strategies.
• Continuously evaluate personal performance and seek professional development opportunities.
• Support claims handling by providing necessary underwriting information to claims staff.

Requirements

Education

• Bachelor's degree in Business Administration or Risk Management
• Insurance certifications such as AINS or CPCU are a plus

Experience

• 5+ years of experience in the insurance industry, with a focus on underwriting

Technical Skills

• Financial Analysis
• Policy Creation

Soft Skills

• Negotiation
• Project Management

Certifications

• Fellowship of the Chartered Insurance Institute (FCII)
• Compliance certification is advantageous

Languages

• English: Fluent
• Zulu: Basic

Advantageous

• Proficiency in financial modeling: Ability to create and analyze complex financial models relevant to underwriting processes.
• Experience with claims management systems: Hands-on experience in managing and processing claims efficiently.

Benefits

• Extensive medical aid and wellness programs
• Generous annual leave and paid time off
• Performance bonuses tied to individual and company results
• Support for continuous learning and career advancement

Company Culture

• Work-Life Balance: We prioritize a healthy work-life balance to ensure employee well-being.
• Diversity: We embrace diversity in our workforce and are committed to inclusivity.
• Continuous Feedback: We encourage open communication and feedback to foster personal and professional growth.