Posted 24 days ago
Description
About the Role
Our client, a prominent insurer, is seeking a seasoned Senior Underwriter to join their esteemed operations based in **Queenstown, Eastern Cape, ZA**. This critical role involves assessing and pricing risks for new and existing insurance policies across various lines of business. The ideal candidate will possess exceptional analytical acumen, a strong understanding of actuarial principles, and a proven track record in underwriting complex risks. You will be instrumental in guiding the underwriting strategy, ensuring profitability, and maintaining a robust risk portfolio. This is a unique chance to contribute to a forward-thinking company in the **Eastern Cape** and shape the future of underwriting practices. We are committed to fostering talent and providing a platform for significant professional growth.
Key Responsibilities
- Evaluate and underwrite insurance applications, assessing risk factors and determining appropriate premiums.
- Analyze financial statements, loss history, and other relevant data to make informed underwriting decisions.
- Develop and maintain strong relationships with brokers and agents to facilitate business growth.
- Ensure adherence to underwriting guidelines, company policies, and regulatory requirements.
- Monitor the performance of the underwriting portfolio and identify trends or potential issues.
- Provide technical expertise and guidance to junior underwriters and support staff.
- Collaborate with claims and actuarial departments on complex cases and portfolio strategy.
- Approve or decline insurance risks within authority limits.
- Stay abreast of industry developments, market trends, and competitor activities.
Requirements
- A Bachelor's degree in Finance, Actuarial Science, Risk Management, or a related field.
- A minimum of 7 years of progressive experience in insurance underwriting.
- Demonstrated expertise in underwriting multiple lines of business (e.g., Commercial, Personal, Marine).
- Strong understanding of actuarial concepts, statistical analysis, and risk modeling.
- Excellent negotiation, communication, and decision-making skills.
- Proficiency in underwriting software and analytical tools.
- Ability to work independently and make sound judgments in a demanding environment based in **Queenstown**.
- Commitment to continuous professional development and relevant certifications (e.g., ACII, FLMI).
- Experience in a client-facing or broker-liaison role is advantageous.
Benefits
- An attractive salary package reflecting your expertise and experience.
- Opportunity to work from our established **Queenstown** office.
- Comprehensive medical and dental insurance plans.
- Generous pension fund and life assurance benefits.
- Extensive training programs and support for professional qualifications.
- A positive and collaborative work culture.
- Potential for career progression within the organization.
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