Job Description
About the Role
Our client in the Insurance industry is seeking a skilled Heavy Commercial Vehicle Underwriter to join their team. As an Underwriter, you will be responsible for underwriting Commercial and Agricultural policies, ensuring that risks are managed within the company’s risk appetite and complies with reinsurance treaties and internal mandates.
Key Responsibilities
• Quoting on commercial risks
• Underwriting of new and renewal business on HCV & GIT risks.
• Ensuring that risks are written within the company’s risk appetite and complies within the reinsurance treaties and internal mandates.
• Monitoring and taking corrective action on badly performing risks.
• Maintaining an acceptable loss ratio.
• Maintaining policy wording drafts and ensuring that the product remains competitive with market offering.
• Dealing with day to day queries and amendments to existing policies.
• Providing brokers with advice.
• Maintaining and building good customer relationships with brokers.
• Conducting product training to brokers.
• Providing input into building and designing various aspects of the products on a designated system.
• Providing comparisons between the competitors’ products and the company’s products.
Requirements
• 5-7 years commercial underwriting experience
• Experience in working with HCV & GIT related products
• Proven track record of underwriting experience (e.g. assessing exposure and underwriting levels)
• Very good communication skills
Qualifications
NQF Level 4: Short-Term Commercial Lines 60 Credits
Successfully completed the RE 5 Examination Level 1
Salary & Benefits
Not specified
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Insurance Jobs in Gauteng
The Other Insurance (OI) industry is a significant sector in Gauteng, South Africa, offering a range of career opportunities for professionals with the right skills and experience. Typically, OI roles are in demand across various industries, including financial services, technology, and manufacturing, as companies seek to manage and mitigate risks associated with their operations.
Generally, OI specialists in Gauteng can expect salaries that vary widely depending on factors such as level of experience, company size, and industry sector. While broad salary ranges cannot be provided due to the variable nature of these factors, it is common for experienced OI professionals to earn between R600 000 and R1 200 000 per annum, while entry-level roles may start at around R300 000 to R500 000 per annum. However, salaries can fluctuate depending on individual circumstances.
Common skills required for OI roles in Gauteng include expertise in financial management, risk analysis, data interpretation, communication, and project management. Other essential skills often include proficiency in insurance software, analytical thinking, problem-solving, and the ability to work under pressure. Many OI professionals also hold relevant certifications or degrees in fields such as actuarial science, business administration, or economics.
The financial services sector is a significant employer of OI professionals in Gauteng, with other industries such as technology and manufacturing also commonly hiring for these roles. Other sectors that may employ OI specialists include healthcare, construction, and logistics. In terms of career development, many OI professionals in Gauteng progress to senior roles within their current organisations or move into related fields such as risk management, auditing, or claims handling.
For those seeking a career in OI, it is essential to develop a broad range of skills and experience, often through formal education and training. Many OI professionals in Gauteng have pursued certifications such as the Fellow of the Institute of Actuaries (FIA) or the Chartered Insurance Practitioner (CIP). Building strong relationships with clients, colleagues, and stakeholders is also crucial for success in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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