Insurance Underwriter

Job Description

Are you a knowledgeable Insurance Underwriter with a passion for risk assessment? We're seeking someone like you to enhance our underwriting team in Durban. In this pivotal role, you will evaluate insurance applications, conduct risk analyses, and advise on policy terms. Strong communication and problem-solving skills are essential, as you will liaise with clients and other insurance professionals. This is a fantastic opportunity to apply your skills in a supportive team environment.

Responsibilities

• Conduct thorough evaluations of client insurance applications.
• Identify potential risks associated with different insurance products.
• Work with actuaries to set premium rates based on risk evaluation.
• Collaborate with other departments to align underwriting policies.
• Maintain compliance with company standards and regulations.
• Provide timely feedback on underwriting decisions to clients.
• Participate in strategic initiatives to improve customer satisfaction.
• Research and implement effective underwriting software and tools.
• Attend industry conferences and continuing education seminars.
• Promote a positive reputation for the company through professional service.

Requirements

Education

• Bachelor's degree in Risk Management or related field

Experience

• 5+ years of experience in risk management or underwriting

Technical Skills

• Insurance Regulations
• Policy Development

Soft Skills

• Problem-Solving
• Teamwork

Certifications

• Associate in Commercial Underwriting (AU)
• Fellow of the Insurance Institute (FII)

Languages

• English: Fluent

Advantageous

• Experience with actuarial analysis: Knowledge of actuarial principles and methodologies for risk assessment.
• Working knowledge of financial modeling: Experience in developing and interpreting financial models.

Benefits

• Comprehensive health insurance packages
• Generous leave policies including annual leave
• Support for continuous learning and certifications
• Flexible work arrangements after probation

Company Culture

• Growth Mindset: We prioritize personal and professional development for all our employees.
• Client-Centric Approach: We focus on providing top-notch service to our clients through dedicated efforts.
• Sustainability: We are committed to responsible and sustainable business practices.