Insurance Underwriter

Job Description

We are on the hunt for a meticulous Insurance Underwriter to join our vibrant Durban team. The ideal candidate will have a sharp analytical mind and a keen eye for detail, responsible for assessing risks and determining policy coverage while maintaining compliance with regulations.

Responsibilities

• Assess risk factors and determine appropriate coverage for various policy types.
• Develop and implement underwriting strategies to meet market demands.
• Monitor market trends to adjust coverage options as necessary.
• Work with the claims department to review underwriting decisions post-claim.
• Draft and maintain clear documentation for underwriting procedures.
• Train junior underwriters on processes and best practices.
• Review exceptional cases and provide support for special underwriting decisions.

Requirements

Education

• Bachelor's degree with a focus on Insurance, Finance, or Business
• A master's degree in a related field is advantageous

Experience

• 5+ years of experience in underwriting, claims processing, or insurance sales

Technical Skills

• Insurance Software Proficiency
• Market Analysis

Soft Skills

• Interpersonal Skills
• Time Management

Certifications

• CPCU Designation
• Fellow, Life Management Institute (FMLI)

Languages

• English: Fluent

Advantageous

• Familiarity with data analysis tools such as Excel: Ability to manipulate data for better decision making.
• Background experience in customer service roles: Prior experience dealing with client inquiries and complaints.