Insurance Underwriter

Job Description

We are seeking a driven Insurance Underwriter to join our team in Durban. The ideal candidate will have expertise in evaluating insurance applications, conducting risk assessments, and determining appropriate coverage options. This role requires a keen eye for detail and strong analytical skills to ensure sound decision-making.

Responsibilities

• Assess and analyze risk factors associated with new applications.
• Determine suitable coverage levels and policy terms.
• Engage directly with clients to assess their insurance needs.
• Analyze financial data and historical claim information.
• Coordinate with other departments to finalize underwriting decisions.
• Monitor changes in the insurance market and competitors.
• Provide training and support to junior underwriting staff.
• Regularly review and update underwriting policies and procedures.
• Participate in ongoing professional development and training.

Requirements

Education

• Bachelor's degree in Risk Management or related field
• Various insurance designations (e.g., CII, AIC) are a plus

Experience

• 5+ years of underwriting experience preferred

Technical Skills

• Data Analysis
• Financial Acumen

Soft Skills

• Negotiation
• Interpersonal Skills

Certifications

• Certified Insurance Counselor (CIC)
• Risk Management and Insurance Certification

Languages

• English: Fluent

Advantageous

• Strong background in finance: A solid understanding of financial principles can enhance underwriting decisions.
• Familiarity with local insurance regulations: Knowledge of relevant laws ensuring compliance is an asset.

Benefits

• Health and wellness initiatives
• Generous leave policy including personal days
• Employee assistance programs
• Access to ongoing training and certifications

Company Culture

• Innovation Focus: We prioritize innovative solutions and creative approaches in underwriting.
• Team Collaboration: Encouraging teamwork across various departments enhances problem-solving.
• Community Engagement: We actively participate in community service and outreach programs.