Insurance Underwriter

Job Description

As an Insurance Underwriter, you'll be in charge of evaluating applications, assessing risks, and determining policy acceptance. Previous experience in underwriting or a related financial field is required to succeed in this role.

Responsibilities

• Assess policy applications and analyze risk factors including health, age, and occupation.
• Decide on the acceptability of risks and premium amounts.
• Work closely with the sales team to provide support and clarify coverage options.
• Stay updated on industry regulations affecting underwriting practices.
• Promote effective risk management principles within the department.
• Participate in training and professional development opportunities.

Requirements

Education

• Bachelor's degree in Insurance, Finance, or related area
• Higher qualification in risk management is a plus

Experience

• 5+ years of experience with strong underwriting background.

Technical Skills

• Underwriting Software Systems
• Financial Analysis

Soft Skills

• Problem-solving
• Negotiation

Certifications

• Fellow of the Chartered Insurance Institute (FCII)

Languages

• English: Fluent

Advantageous

• Experience in health or property underwriting: Experienced in specific insurance sectors such as health or property.
• Fluency in an additional language: Able to communicate in languages such as Afrikaans or Zulu.

Benefits

• Competitive salary and performance bonuses
• Comprehensive medical aid and health benefits
• Contributory retirement fund
• Flexible working hours

Company Culture

• Innovation: We encourage our team to bring innovative solutions to the table and foster a culture of creativity.
• Empowerment: Our employees are empowered to make decisions and contribute to the company's success.
• Team Spirit: We maintain a friendly work environment that values teamwork and collaboration.