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Kloof: Commercial Underwriter – FAIS Compliant posted by Hire Resolve

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Job Description

About the Role

Hire Resolve is seeking a highly skilled and experienced Commercial Underwriter who is FAIS compliant and holds a Class of Business RE5 qualification. The successful candidate will be responsible for assessing and analyzing commercial insurance applications, determining risk factors, and calculating premiums for commercial insurance policies.

Key Responsibilities

  • Evaluate commercial insurance applications to determine risk factors and calculate premiums
  • Analyze underwriting data, financial statements, and other relevant information to make informed decisions
  • Ensure compliance with FAIS regulations and company policies
  • Review and approve policy changes, endorsements, and renewals
  • Collaborate with insurance agents, underwriters, and other stakeholders to ensure accurate and efficient underwriting processes
  • Provide guidance and advice to clients on insurance products, coverage options, and risk management strategies
  • Stay up to date on industry trends, regulations, and best practices in commercial underwriting

Requirements

  • FAIS compliant
  • Class of Business RE5 qualification
  • Bachelor’s degree in Finance, Business Administration, or a related field (preferred)
  • Minimum of 3 years of experience in commercial underwriting
  • Strong knowledge of insurance principles, policies, and regulations
  • Excellent analytical and decision-making skills
  • Effective communication and interpersonal skills
  • Ability to work independently and as part of a team
  • Proficiency in Microsoft Office and underwriting software

Qualifications

  • Bachelor’s degree in Finance, Business Administration, or a related field (if applicable)

Salary & Benefits

Not specified

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

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About Other Finance/Accounting Jobs in Kwazulu-Natal

In Kwazulu-Natal, South Africa, the finance and accounting profession is a vital component of various industries, contributing to the country’s economic growth and stability. Typically, job seekers in this field can expect to find opportunities across a range of sectors, including financial services, technology, manufacturing, and more.

Generally speaking, salaries for finance and accounting professionals in Kwazulu-Natal vary widely depending on factors such as level of experience, company size, industry sector, and specific role requirements. Typically, junior positions in this field may command salary ranges between R400 000 to R700 000 per annum, while senior roles can fetch salaries between R1 million to R3 million per annum or more. However, it’s essential to note that these are broad estimates and actual salaries can vary significantly based on individual circumstances.

Common skills for finance and accounting professionals in Kwazulu-Natal include proficiency in financial software such as SAP, Oracle, or Microsoft Dynamics, as well as strong analytical and problem-solving skills. Typically, candidates with a degree in finance, accounting, or related fields, as well as certifications like the CFA or CA (South Africa) designation, are highly sought after. Other essential skills often include excellent communication and leadership abilities, as well as the capacity to adapt to changing business environments.

Various industries commonly employ finance and accounting professionals, including the financial services sector, technology industry, manufacturing sector, and more. The financial services sector is particularly prominent in Kwazulu-Natal, with many banks, insurance companies, and other financial institutions operating in the province. Technology companies are also increasingly looking for skilled finance professionals to manage their finances and operations.

Career development opportunities for finance and accounting professionals in Kwazulu-Natal are numerous. Typically, senior roles may involve managing teams of junior accountants or financial analysts, while more experienced professionals can move into leadership positions such as Chief Financial Officer (CFO) or Director of Finance. Others may choose to specialize in areas like forensic accounting, tax consulting, or risk management, offering a range of career progression paths and opportunities for advancement.

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This information provides general career guidance. Actual salaries and requirements vary by employer.



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