Insurance Underwriter

Job Description

The Insurance Underwriter position requires a meticulous professional capable of analyzing and assessing risks while providing exceptional levels of service to clients. Based in Port Elizabeth, you will evaluate insurance requests, perform research, and develop appropriate recommendations. Strong interpersonal skills and the ability to translate complex information clearly are vital.

Responsibilities

• Evaluate insurance applications to determine eligibility and associated risks.
• Assess financial information and credit scores of applicants.
• Communicate with clients and agents to gather additional information as needed.
• Utilize underwriting software and tools to make informed decisions.
• Develop insurance policies and ensure they meet company standards.
• Maintain detailed records of underwriting decisions and correspondence.
• Monitor ongoing risk levels and adjust policies as necessary.
• Collaborate with claims assessors to identify claim risks post-policy issuance.
• Stay updated on industry trends and regulatory changes affecting underwriting processes.

Requirements

Education

• Bachelor's degree in Finance, Business, or related field
• Professional underwriting certification is advantageous

Experience

• 2+ years of experience in underwriting or insurance-related roles

Technical Skills

• Risk Assessment
• Financial Analysis

Soft Skills

• Attention to Detail
• Communication

Certifications

• Associate in Commercial Underwriting (ACU)
• Chartered Insurance Practitioner (CIP)

Languages

• English: Fluent

Advantageous

• Experience with underwriting software: Familiarity with popular underwriting tools will enhance efficiency.
• Knowledge of the local insurance market: Understanding the local market and trends is beneficial.

Benefits

• Comprehensive health and dental insurance
• Retirement savings plan with company contributions
• Flexible work hours
• Performance-based bonuses and incentives

Company Culture

• Respect and Integrity: We value respect and integrity in our interactions with clients and colleagues.
• Continuous Improvement: Encouraging learning and growth for all employees is part of our commitment.
• Collaboration: Teamwork and collaboration are essential to our success as a company.